Falcon's Beyond Global (NASDAQ:FBYD) Shares Gap Down - Here's What Happened

Key Points

• Falcon's Beyond Global's shares opened at $6.16 after previously closing at $6.64, indicating a significant gap down in stock price.
• The company reported $0.30 earnings per share (EPS) with a revenue of $2.55 million for the last quarter and has a market cap of $809.56 million.
• Institutional investors now hold 38.88% of Falcon's Beyond Global's stock, with notable increases in holdings from firms such as Wealth Enhancement Advisory Services and Geode Capital Management.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $6.64, but opened at $6.16. Falcon's Beyond Global shares last traded at $6.60, with a volume of 780 shares.

Falcon's Beyond Global Stock Performance

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

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

Institutional Trading of Falcon's Beyond Global

Several large investors have recently modified their holdings of the business. HighTower Advisors LLC bought a new stake in shares of Falcon's Beyond Global in the first quarter worth about $124,000. AllGen Financial Advisors Inc. bought a new stake in shares of Falcon's Beyond Global in the first quarter worth about $209,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Falcon's Beyond Global in the first quarter worth about $90,000. Wealth Enhancement Advisory Services LLC grew its stake 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 purchasing an additional 24,816 shares during the last quarter. Finally, Northern Trust Corp bought a new stake in Falcon's Beyond Global during the 4th quarter valued at approximately $89,000. 38.88% of the stock is owned by institutional investors.

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.