Falcon's Beyond Global (NASDAQ:FBYD) Trading Down 6.9% - Time to Sell?

Key Points

• Falcon's Beyond Global shares fell by 6.9%, trading at $10.63 and significantly increasing trading volume to approximately 62,297 shares.
• The company's market capitalization stands at $1.26 billion, with a PE ratio of 26.57 and a strong net margin of 146.55% despite a negative return on equity of 82.54%.
• Institutional investors hold 38.88% of Falcon's Beyond Global's shares, with several recent stakes acquired in the company.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) shares dropped 6.9% during trading on Monday . The stock traded as low as $10.99 and last traded at $10.63. Approximately 62,297 shares were traded during trading, an increase of 139% from the average daily volume of 26,031 shares. The stock had previously closed at $11.41.

Falcon's Beyond Global Stock Down 8.4%

The firm has a market capitalization of $1.26 billion, a PE ratio of 26.57 and a beta of -1.77. The business's 50 day simple moving average is $8.32 and its 200 day simple moving average is $7.51. 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 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 82.54%. The business had revenue of $2.55 million during the quarter.

Institutional Investors Weigh In On Falcon's Beyond Global

Several institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of 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 worth $135,000 after acquiring an additional 2,806 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in shares of Falcon's Beyond Global in the 1st quarter worth about $90,000. Northern Trust Corp bought a new stake in shares of Falcon's Beyond Global in the 4th quarter worth about $89,000. HighTower Advisors LLC bought a new stake in shares of Falcon's Beyond Global in the 1st quarter worth about $124,000. Finally, AllGen Financial Advisors Inc. bought a new stake in shares of Falcon's Beyond Global in the 1st quarter worth about $209,000. 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.

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