Falcon's Beyond Global (NASDAQ:FBYD) Stock Price Down 3.6% - Here's What Happened

Key Points

• Shares fell about 3.6%, trading as low as $12.06 and last at $12.23 on Tuesday with only ~7,593 shares changing hands — roughly 94% below the stock's average daily volume.
• Analyst coverage remains negative with a MarketBeat consensus of "Sell" even after Wall Street Zen upgraded the name to "Hold."
• Key fundamentals show elevated valuation and weak liquidity: market cap $1.48 billion, PE of ~407, quick and current ratios of 0.36, and reported quarterly revenue of $6.59 million with ($0.01) EPS.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) was down 3.6% on Tuesday . The company traded as low as $12.06 and last traded at $12.23. Approximately 7,593 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 123,746 shares. The stock had previously closed at $12.69.

Analyst Ratings Changes

Several research firms recently issued reports on FBYD. Wall Street Zen upgraded Falcon's Beyond Global from a "sell" rating to a "hold" rating in a research report on Saturday, April 4th. Weiss Ratings reissued a "sell (d+)" rating on shares of Falcon's Beyond Global in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Sell".

Falcon's Beyond Global Trading Down 3.8%

The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $1.48 billion, a PE ratio of 407.07 and a beta of -3.77. The stock's fifty day moving average price is $7.40 and its two-hundred day moving average price is $10.74.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last announced its quarterly earnings results on Monday, March 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. Falcon's Beyond Global had a net margin of 19.06% and a return on equity of 60.95%. The business had revenue of $6.59 million for the quarter.

Hedge Funds Weigh In On Falcon's Beyond Global

A number of hedge funds and other institutional investors have recently made changes to their positions in FBYD. Global Retirement Partners LLC purchased a new position in Falcon's Beyond Global during the 4th quarter valued at $30,000. Strs Ohio purchased a new stake in shares of Falcon's Beyond Global in the 4th quarter worth about $39,000. Bank of America Corp DE boosted its stake in shares of Falcon's Beyond Global by 8,008.5% during the 3rd quarter. Bank of America Corp DE now owns 3,811 shares of the company's stock valued at $42,000 after purchasing an additional 3,764 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Falcon's Beyond Global during the 4th quarter valued at about $47,000. Finally, Clear Street Group Inc. purchased a new position in shares of Falcon's Beyond Global during the third quarter valued at about $53,000. 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. Falcon's Creative Group is a themed entertainment and master planning firm. Falcon's Beyond Destinations develops, owns, and operates global entertainment destinations from resorts, theme parks, and attractions to retail, dining and location-based entertainment venues.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.