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

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)'s share price 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 traded.

Falcon's Beyond Global Trading Up 0.8%

The firm has a market cap of $809.56 million, a P/E ratio of 17.02 and a beta of -1.77. The business's fifty day simple moving average is $6.38 and its 200-day simple moving average is $7.07.

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. The business had revenue of $2.55 million for the quarter. Falcon's Beyond Global had a net margin of 146.55% and a negative return on equity of 60.87%.

Institutional Investors Weigh In On Falcon's Beyond Global

A number of large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in Falcon's Beyond Global by 20.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company's stock worth $135,000 after acquiring an additional 2,806 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of 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 during the period. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Falcon's Beyond Global in the 1st quarter worth about $90,000. Northern Trust Corp purchased a new stake in shares of Falcon's Beyond Global in the 4th quarter worth about $89,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Falcon's Beyond Global in the 1st quarter worth about $124,000. Institutional investors own 38.88% of the company's stock.

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.

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