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

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 traded.

Falcon's Beyond Global Price Performance

The company has a 50 day moving average price of $7.04 and a 200 day moving average price of $7.18. The firm has a market cap of $1.20 billion, a PE ratio of 25.17 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.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.30 EPS for the quarter. The business 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 Inflows and Outflows

Large investors have recently made changes to their positions in the business. Cassaday & Co Wealth Management LLC purchased a new position in shares of Falcon's Beyond Global during the 1st quarter worth $90,000. Northern Trust Corp acquired a new stake in shares of Falcon's Beyond Global during the 4th quarter worth $89,000. HighTower Advisors LLC acquired a new stake in shares of Falcon's Beyond Global during the 1st quarter worth $124,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Falcon's Beyond Global by 20.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company's stock worth $135,000 after buying an additional 2,806 shares during the last quarter. Finally, AllGen Financial Advisors Inc. acquired a new stake in shares of Falcon's Beyond Global during the 1st quarter worth $209,000. Hedge funds and other 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.