Falcon's Beyond Global (NASDAQ:FBYD) Trading Down 8% - Should You Sell?

Key Points

• Falcon's Beyond Global stock has dropped 8%, trading at a low of $10.57, significantly declining in trading volume by 96% compared to its average.
• The company reported earnings of $0.30 per share with a revenue of $2.55 million, yet it has a negative return on equity of 82.54%.
• Institutional investors now hold 38.88% of Falcon's Beyond Global's stock, with several hedge funds increasing their positions significantly during the first quarter.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) shares fell 8% during trading on Wednesday . The stock traded as low as $11.49 and last traded at $10.57. 742 shares changed hands during trading, a decline of 96% from the average session volume of 19,436 shares. The stock had previously closed at $11.49.

Falcon's Beyond Global Stock Performance

The firm has a fifty day moving average price of $7.72 and a 200 day moving average price of $7.36. The company has a debt-to-equity ratio of 32.66, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market cap of $1.81 billion, a PE ratio of 38.11 and a beta of -1.77.

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 negative return on equity of 82.54% and a net margin of 146.55%.The firm had revenue of $2.55 million during the quarter.

Institutional Investors Weigh In On Falcon's Beyond Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FBYD. Northern Trust Corp purchased a new position in Falcon's Beyond Global in the 4th quarter valued at about $89,000. Wealth Enhancement Advisory Services LLC lifted its stake in 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 purchasing an additional 2,806 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in Falcon's Beyond Global in the 1st quarter worth approximately $90,000. AllGen Financial Advisors Inc. purchased a new position in Falcon's Beyond Global in the 1st quarter worth approximately $209,000. Finally, HighTower Advisors LLC purchased a new position in Falcon's Beyond Global in the 1st quarter worth approximately $124,000. 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.