Falcon's Beyond Global (NASDAQ:FBYD) Trading Down 8.3% - What's Next?

Key Points

• Shares of Falcon's Beyond Global (NASDAQ:FBYD) fell by 8.3% during trading on Tuesday, reaching as low as $6.55 and closing at $6.38, with trading volume dropping significantly by 89% from the average.
• The company reported $0.30 earnings per share for the last quarter, with revenues of $2.55 million, and it has a market capitalization of $770.88 million.
• Institutional investors own approximately 38.88% of the stock, with several hedge funds recently modifying their holdings, indicating increased interest in the company's shares.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s stock price was down 8.3% during mid-day trading on Tuesday . The company traded as low as $6.55 and last traded at $6.38. Approximately 2,017 shares traded hands during mid-day 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 Price Performance

The stock has a fifty day moving average price of $6.44 and a 200-day moving average price of $7.11. The firm has a market capitalization of $835.56 million, a PE ratio of 17.57 and a beta of -1.77. The company has a debt-to-equity ratio of 32.66, a quick ratio of 0.05 and a current ratio of 0.51.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.30 earnings per share (EPS) for the quarter. Falcon's Beyond Global had a negative return on equity of 82.54% and a net margin of 146.55%.The business had revenue of $2.55 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FBYD. HighTower Advisors LLC purchased a new position in Falcon's Beyond Global during the 1st quarter worth $124,000. AllGen Financial Advisors Inc. purchased a new position in Falcon's Beyond Global during the 1st quarter worth $209,000. Cassaday & Co Wealth Management LLC purchased a new position in Falcon's Beyond Global during the 1st quarter worth $90,000. Wealth Enhancement Advisory Services LLC grew its stake in Falcon's Beyond Global by 147.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,657 shares of the company's stock worth $363,000 after buying an additional 24,816 shares during the last quarter. Finally, Northern Trust Corp purchased a new position in Falcon's Beyond Global during the 4th quarter worth $89,000. 38.88% of the stock is currently 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.