Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s stock price dropped 8.3% during trading on Tuesday . The stock traded as low as $6.55 and last traded at $6.38. Approximately 2,017 shares changed hands during trading, a decline of 89% from the average daily volume of 18,896 shares. The stock had previously closed at $6.95.
Falcon's Beyond Global Trading Up 0.6%
The company has a quick ratio of 0.05, a current ratio of 0.51 and a debt-to-equity ratio of 32.66. The firm's 50-day moving average price is $6.44 and its 200 day moving average price is $7.12. The company has a market capitalization of $835.56 million, a P/E ratio of 17.57 and a beta of -1.77.
Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported $0.30 EPS for the quarter. The company had revenue of $2.55 million during the quarter. Falcon's Beyond Global had a net margin of 146.55% and a negative return on equity of 82.54%.
Institutional Investors Weigh In On Falcon's Beyond Global
Several hedge funds and other institutional investors have recently made changes to their positions in FBYD. Wealth Enhancement Advisory Services LLC grew its position in Falcon's Beyond Global by 147.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,657 shares of the company's stock worth $363,000 after purchasing an additional 24,816 shares in the last quarter. Northern Trust Corp bought a new stake in Falcon's Beyond Global in the 4th quarter worth about $89,000. Geode Capital Management LLC grew its position in Falcon's Beyond Global by 22.8% in the 4th quarter. Geode Capital Management LLC now owns 51,084 shares of the company's stock worth $397,000 after purchasing an additional 9,499 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in Falcon's Beyond Global in the 1st quarter worth about $90,000. Finally, HighTower Advisors LLC bought a new stake in Falcon's Beyond Global in the 1st quarter worth about $124,000. 38.88% of the stock is owned by institutional investors.
About Falcon's Beyond Global
(
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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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