Falcon's Beyond Global (NASDAQ:FBYD) Shares Gap Down - What's Next?

Key Points

• Falcon's Beyond Global's stock price gapped down from $7.99 to $7.71 at market open, with the last trading price at $7.69.
• The company reported a quarterly earnings per share (EPS) of $0.30, with revenue of $2.55 million, but has a negative return on equity of 82.54%.
• Institutional investors hold 38.88% of Falcon's Beyond Global's stock, with notable increases in stakes by firms such as Wealth Enhancement Advisory Services LLC, which grew its stake by 147.4%.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $7.99, but opened at $7.71. Falcon's Beyond Global shares last traded at $7.69, with a volume of 847 shares.

Falcon's Beyond Global Price Performance

The company has a market cap of $1.27 billion, a price-to-earnings ratio of 26.75 and a beta of -1.77. 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 business has a 50-day moving average price of $7.04 and a 200 day moving average price of $7.18.

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

Institutional Investors Weigh In On Falcon's Beyond Global

Several hedge funds have recently bought and sold shares of FBYD. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Falcon's Beyond Global by 147.4% during 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 period. AllGen Financial Advisors Inc. purchased a new stake in Falcon's Beyond Global in the 1st quarter worth approximately $209,000. HighTower Advisors LLC acquired a new stake in shares of Falcon's Beyond Global during the 1st quarter valued at $124,000. Northern Trust Corp purchased a new position in shares of Falcon's Beyond Global during the 4th quarter valued at $89,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of Falcon's Beyond Global during the 1st quarter valued at $90,000. 38.88% of the stock is 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.