Falcon's Beyond Global (NASDAQ:FBYD) Stock Price Down 11.9% - Should You Sell?

Key Points

• Falcon's Beyond Global stock price dropped by 11.9%, closing at $10.73, following a previous high of $12.18.
• The company has received a "sell" rating from Weiss Ratings, highlighting concerns among analysts regarding its performance.
• Despite the decline, institutional investors are showing interest, with several hedge funds acquiring positions worth up to $209,000 in recent months.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s share price fell 11.9% during trading on Friday . The stock traded as low as $10.23 and last traded at $10.73. 70,956 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 82,672 shares. The stock had previously closed at $12.18.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Falcon's Beyond Global in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of "Sell".

Falcon's Beyond Global Stock Up 6.4%

The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 32.66. The company has a market capitalization of $1.35 billion, a PE ratio of 28.33 and a beta of -1.49. The stock has a 50-day moving average of $9.66 and a 200 day moving average of $7.86.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.30 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 company had revenue of $2.55 million during the quarter.

Hedge Funds Weigh In On Falcon's Beyond Global

Institutional investors and hedge funds have recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC bought a new position in Falcon's Beyond Global during the first quarter valued at $90,000. HighTower Advisors LLC bought a new position in shares of Falcon's Beyond Global in the first quarter worth $124,000. AllGen Financial Advisors Inc. bought a new position in shares of Falcon's Beyond Global in the first quarter worth $209,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Falcon's Beyond Global by 147.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,657 shares of the company's stock worth $363,000 after acquiring an additional 24,816 shares during the period. 38.88% of the stock is owned by institutional investors.

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.

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