Falcon's Beyond Global (NASDAQ:FBYD) Trading Down 7.4% - Should You Sell?

Key Points

• Falcon's Beyond Global (NASDAQ:FBYD) shares fell by 7.4%, trading between $6.79 and $7.30, with volume down 65% from the average.
• The company has a debt-to-equity ratio of 32.66, a current ratio of 0.51, and a negative return on equity of 82.54%.
• Institutional investors and hedge funds now own 38.88% of Falcon's Beyond Global's stock, with several recent acquisitions reported.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s stock price traded down 7.4% during mid-day trading on Tuesday . The stock traded as low as $7.30 and last traded at $6.79. 1,813 shares were traded during trading, a decline of 65% from the average session volume of 5,234 shares. The stock had previously closed at $7.33.

Falcon's Beyond Global Trading Down 5.5%

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 fifty day moving average of $6.65 and a 200-day moving average of $7.14. The firm has a market capitalization of $838.27 million, a PE ratio of 17.61 and a beta of -1.77.

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

Hedge Funds Weigh In On Falcon's Beyond Global

Several hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased 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 worth $135,000 after buying an additional 2,806 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in Falcon's Beyond Global during the first quarter worth $90,000. Northern Trust Corp acquired a new position in Falcon's Beyond Global during the fourth quarter worth $89,000. HighTower Advisors LLC acquired a new stake in shares of Falcon's Beyond Global in the first quarter valued at about $124,000. Finally, AllGen Financial Advisors Inc. acquired a new stake in shares of Falcon's Beyond Global in the first quarter valued at about $209,000. 38.88% of the stock is owned by institutional investors and hedge funds.

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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