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

Key Points

• Falcon's Beyond Global (NASDAQ:FBYD) experienced a significant gap down, opening at $12.71 after a prior close of $13.47, with shares last trading at $13.70.
• The company's debt-to-equity ratio is notably high at 32.66, and it reported a negative return on equity of 82.54%, raising concerns about its financial stability.
• Institutional investors have shown increased interest in Falcon's Beyond Global, with several firms purchasing new stakes during the first quarter of the year.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $13.47, but opened at $12.71. Falcon's Beyond Global shares last traded at $13.70, with a volume of 10,290 shares trading hands.

Falcon's Beyond Global Stock Performance

The firm has a fifty day moving average of $7.90 and a 200-day moving average of $7.40. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 38.11 and a beta of -1.77. The company has a quick ratio of 0.51, 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 issued its quarterly earnings data 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 firm had revenue of $2.55 million during the quarter.

Hedge Funds Weigh In On Falcon's Beyond Global

Hedge funds have recently made changes to their positions in the business. Northern Trust Corp purchased a new position in shares of Falcon's Beyond Global in the fourth quarter valued at $89,000. Wealth Enhancement Advisory Services LLC boosted its position 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 valued at $135,000 after buying an additional 2,806 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in Falcon's Beyond Global in the 1st quarter valued at about $90,000. AllGen Financial Advisors Inc. purchased a new stake in shares of Falcon's Beyond Global during the first quarter worth about $209,000. Finally, HighTower Advisors LLC acquired a new position in shares of Falcon's Beyond Global in the first quarter worth about $124,000. Hedge funds and other institutional investors own 38.88% of the company's stock.

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.