Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s stock price dropped 4.4% on Thursday . The stock traded as low as $5.54 and last traded at $5.70. Approximately 8,800 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 17,096 shares. The stock had previously closed at $5.96.
Falcon's Beyond Global Price Performance
The stock has a market capitalization of $715.12 million, a PE ratio of 57.21 and a beta of -1.65. The company's 50 day moving average price is $6.74 and its two-hundred day moving average price is $7.22.
Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported ($0.13) earnings per share for the quarter. Falcon's Beyond Global had a negative return on equity of 1.43% and a net margin of 18.35%.
Hedge Funds Weigh In On Falcon's Beyond Global
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp acquired a new stake in shares of Falcon's Beyond Global in the 4th quarter worth $89,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Falcon's Beyond Global in the 1st quarter valued at approximately $90,000. HighTower Advisors LLC acquired a new stake in shares of Falcon's Beyond Global during the 1st quarter worth approximately $124,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Falcon's Beyond Global by 20.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company's stock valued at $135,000 after buying an additional 2,806 shares during the period. Finally, AllGen Financial Advisors Inc. acquired a new position in Falcon's Beyond Global in the first quarter valued at approximately $209,000. Institutional investors and hedge funds own 38.88% of the company's stock.
About Falcon's Beyond Global
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Falcon's Beyond Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Falcon's Beyond Global wasn't on the list.
While Falcon's Beyond Global currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
