Falcon's Beyond Global (NASDAQ:FBYD) Shares Gap Down - Should You Sell?

Key Points

• Falcon's Beyond Global (NASDAQ:FBYD) experienced a significant drop in share price, opening at $11.75 after closing at $12.18, with current trading at $11.67.
• Weiss Ratings has reaffirmed a **"sell"** rating for the stock, indicating a negative outlook with an average rating of "Sell" from analysts.
• The company's recent quarterly earnings report showed a net margin of **146.55%** and a **negative return on equity** of **82.54%**, raising concerns about its financial health.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $12.18, but opened at $11.75. Falcon's Beyond Global shares last traded at $11.67, with a volume of 53,475 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Falcon's Beyond Global in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Falcon's Beyond Global presently has an average rating of "Sell".

Falcon's Beyond Global Price Performance

The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 32.66. The stock has a market capitalization of $1.36 billion, a P/E ratio of 28.65 and a beta of -1.49. The stock has a 50 day moving average of $9.57 and a 200-day moving average of $7.85.

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 large investors have recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC purchased a new stake in Falcon's Beyond Global during the 1st quarter worth about $90,000. HighTower Advisors LLC acquired a new stake in shares of Falcon's Beyond Global during the first quarter worth about $124,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Falcon's Beyond Global by 20.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company's stock worth $135,000 after purchasing an additional 2,806 shares in the last quarter. Finally, AllGen Financial Advisors Inc. acquired a new position in Falcon's Beyond Global in the 1st quarter valued at about $209,000. 38.88% of the stock is currently owned by institutional investors and hedge funds.

About Falcon's Beyond Global

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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