Falcon’s Beyond Global (NASDAQ:FBYD) Shares Gap Down – Time to Sell?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $16.03, but opened at $15.14. Falcon’s Beyond Global shares last traded at $15.1650, with a volume of 16,466 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on FBYD shares. Weiss Ratings upgraded shares of Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Wall Street Zen raised shares of Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Falcon’s Beyond Global has an average rating of “Hold”.

Falcon’s Beyond Global Stock Up 6.0%

The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $2.17 billion, a PE ratio of 85.33 and a beta of -2.84. The stock has a 50-day moving average of $14.81 and a 200 day moving average of $11.22.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its quarterly earnings results on Monday, March 30th. The company reported ($0.01) EPS for the quarter. Falcon’s Beyond Global had a negative return on equity of 8.25% and a net margin of 51.31%.The business had revenue of $6.58 million for the quarter.

Institutional Investors Weigh In On Falcon’s Beyond Global

Large investors have recently made changes to their positions in the business. Invesco Ltd. bought a new stake in shares of Falcon’s Beyond Global during the 4th quarter worth $2,555,000. Chokshi & Queen Wealth Advisors Inc bought a new position in Falcon’s Beyond Global during the fourth quarter valued at about $162,000. Barclays PLC bought a new position in Falcon’s Beyond Global during the fourth quarter valued at about $343,000. Marshall Wace LLP purchased a new stake in Falcon’s Beyond Global during the fourth quarter worth about $207,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Falcon’s Beyond Global during the fourth quarter worth about $658,000. 38.88% of the stock is owned by hedge funds and other institutional investors.

Falcon’s Beyond Global Company Profile

Falcon’s Beyond Global, Inc is an experiential entertainment development enterprise. It connects the world by bringing stories to life through theme parks, resorts, animation, consumer products, gaming, and movies. The company propels intellectual property activations concurrently across physical and digital experiences through three core business units. Falcon’s Creative Group is a themed entertainment and master planning firm. Falcon’s Beyond Destinations develops, owns, and operates global entertainment destinations from resorts, theme parks, and attractions to retail, dining and location-based entertainment venues.