Falcon's Beyond Global (NASDAQ:FBYD) Trading Down 7.3% - Time to Sell?

Key Points

• Falcon's Beyond Global shares dropped by 7.3%, trading at $8.35, significantly lower than its previous closing price of $9.00.
• The company reported a negative return on equity of 82.54% and a net margin of 146.55%, with a revenue of $2.55 million for the quarter.
• Approximately 38.88% of Falcon's Beyond Global's stock is owned by institutional investors, who have recently increased their stakes in the company.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) was down 7.3% during mid-day trading on Thursday . The stock traded as low as $8.72 and last traded at $8.35. Approximately 3,587 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 18,622 shares. The stock had previously closed at $9.00.

Falcon's Beyond Global Stock Up 9.2%

The company has a debt-to-equity ratio of 32.66, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $1.39 billion, a P/E ratio of 29.21 and a beta of -1.77. The company has a 50 day moving average of $7.13 and a 200-day moving average of $7.20.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.30 earnings per share for the quarter. The business had revenue of $2.55 million for the quarter. Falcon's Beyond Global had a negative return on equity of 82.54% and a net margin of 146.55%.

Institutional Trading of Falcon's Beyond Global

A number of hedge funds have recently made changes to their positions in the stock. Northern Trust Corp purchased a new position in Falcon's Beyond Global in the 4th quarter worth approximately $89,000. Cassaday & Co Wealth Management LLC bought a new position in Falcon's Beyond Global in the 1st quarter worth $90,000. HighTower Advisors LLC bought a new position in Falcon's Beyond Global in the 1st quarter worth $124,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Falcon's Beyond Global by 20.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company's stock valued at $135,000 after purchasing an additional 2,806 shares during the last quarter. Finally, AllGen Financial Advisors Inc. bought a new position in shares of Falcon's Beyond Global during the 1st quarter valued at about $209,000. 38.88% of the stock is owned by institutional investors.

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.