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

Key Points

• Falcon's Beyond Global's share price opened at $6.47, down from a previous close of $6.79, and was last traded at $6.40, marking a 7.5% decline.
• The company reported a net margin of 18.35% and a negative return on equity of -1.43% in its latest earnings results.
• Institutional investors currently own 38.88% of Falcon's Beyond Global's stock, with multiple firms increasing their positions in the company recently.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $6.79, but opened at $6.47. Falcon's Beyond Global shares last traded at $6.40, with a volume of 374 shares traded.

Falcon's Beyond Global Trading Down 2.6%

The business's fifty day simple moving average is $6.38 and its 200 day simple moving average is $7.03. The stock has a market cap of $802.91 million, a P/E ratio of 16.88 and a beta of -1.77.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last issued its quarterly earnings data 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 60.87%. The firm had revenue of $2.55 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in Falcon's Beyond Global by 22.8% during the 4th quarter. Geode Capital Management LLC now owns 51,084 shares of the company's stock valued at $397,000 after purchasing an additional 9,499 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Falcon's Beyond Global by 147.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,657 shares of the company's stock valued at $363,000 after purchasing an additional 24,816 shares during the period. AllGen Financial Advisors Inc. acquired a new position in Falcon's Beyond Global during the 1st quarter valued at about $209,000. HighTower Advisors LLC acquired a new position in Falcon's Beyond Global during the 1st quarter valued at about $124,000. Finally, Northern Trust Corp acquired a new position in Falcon's Beyond Global during the 4th quarter valued at about $89,000. 38.88% of the stock is currently owned by institutional investors and hedge funds.

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.