Shares of Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) were down 4.4% on Thursday . The company 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 Stock Up 0.7%
The firm has a market capitalization of $694.08 million, a P/E ratio of 56.46 and a beta of -1.67. The company's 50 day moving average is $6.64 and its 200-day moving average is $7.13.
Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last released its quarterly earnings data 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%.
Institutional Trading of Falcon's Beyond Global
Several hedge funds have recently added to or reduced their stakes in FBYD. HighTower Advisors LLC purchased a new stake in Falcon's Beyond Global in the first quarter worth $124,000. AllGen Financial Advisors Inc. purchased a new stake in shares of Falcon's Beyond Global during the first quarter worth $209,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Falcon's Beyond Global in the first quarter worth $90,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Falcon's Beyond Global by 147.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,657 shares of the company's stock worth $363,000 after acquiring an additional 24,816 shares during the period. Finally, Northern Trust Corp purchased a new position in shares of Falcon's Beyond Global in the fourth quarter valued at $89,000. Institutional investors own 38.88% of the company's stock.
Falcon's Beyond Global Company Profile
(
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.
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