Falcon's Beyond Global (NASDAQ:FBYD) Shares Down 7.2% - Time to Sell?

Key Points

• Falcon's Beyond Global's stock price decreased by 7.2%, closing at $6.29 after trading as low as $6.20, with a trading volume decline of 26% from the average.
• The company reported a loss of ($0.13) EPS in its last quarterly earnings, with a net margin of 18.35% alongside a negative return on equity of -1.43%.
• Institutional investors and hedge funds hold 38.88% of Falcon's Beyond Global stock, with notable new stakes acquired by various investment firms during the first quarter.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) dropped 7.2% during trading on Monday . The stock traded as low as $6.20 and last traded at $6.29. Approximately 6,028 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 8,185 shares. The stock had previously closed at $6.78.

Falcon's Beyond Global Trading Down 2.6%

The firm has a market capitalization of $802.92 million, a P/E ratio of 16.88 and a beta of -1.77. The company's fifty day simple moving average is $6.38 and its 200 day simple moving average is $7.03.

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 business had revenue of $2.55 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FBYD. Cassaday & Co Wealth Management LLC bought a new position in shares of Falcon's Beyond Global in the 1st quarter worth about $90,000. Northern Trust Corp bought a new position in shares of Falcon's Beyond Global in the 4th quarter worth about $89,000. HighTower Advisors LLC bought a new position in shares of Falcon's Beyond Global in the 1st quarter worth about $124,000. Wealth Enhancement Advisory Services LLC increased its stake 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 in the last quarter. Finally, AllGen Financial Advisors Inc. bought a new position in shares of Falcon's Beyond Global in the 1st quarter worth about $209,000. 38.88% of the stock is currently 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.