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Falcon's Beyond Global (NASDAQ:FBYD) Trading Down 7.3% - Here's What Happened

Falcon's Beyond Global logo with Multi-Sector Conglomerates background

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.
  • MarketBeat previews the top five stocks to own by October 1st.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) shares were down 7.3% during trading on Thursday . The company 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 Trading Down 1.6%

The firm has a market cap of $1.07 billion, a P/E ratio of 22.53 and a beta of -1.77. 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 stock has a 50 day moving average of $6.90 and a 200 day moving average of $7.15.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last released its 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 business had revenue of $2.55 million for the quarter.

Institutional Trading of Falcon's Beyond Global

Institutional investors have recently added to or reduced their stakes in the business. Cassaday & Co Wealth Management LLC purchased a new stake in Falcon's Beyond Global during the first quarter valued at about $90,000. Northern Trust Corp purchased a new stake in Falcon's Beyond Global during the fourth quarter valued at about $89,000. HighTower Advisors LLC purchased a new stake in Falcon's Beyond Global during the first quarter valued at about $124,000. Wealth Enhancement Advisory Services LLC boosted its position in Falcon's Beyond Global by 20.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company's stock valued at $135,000 after buying an additional 2,806 shares during the period. Finally, AllGen Financial Advisors Inc. purchased a new stake in Falcon's Beyond Global during the first quarter valued at about $209,000. 38.88% of the stock is currently owned by hedge funds and other institutional investors.

Falcon's Beyond Global Company Profile

(Get Free Report)

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.

See Also

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