Falcon's Beyond Global (NASDAQ:FBYD) Shares Down 6.3% - Time to Sell?

Key Points

• Falcon’s Beyond Global shares fell 6.3% to about $8.02, with trading volume down 79% from its average session volume.
• Analyst sentiment is uniformly negative: Wall Street Zen and Weiss Ratings downgraded the stock, and MarketBeat reports a consensus rating of “Sell.”
• The company continues to show weak financial performance, reporting a quarterly loss of $0.01 per share, negative net margin and return on equity, and $5.62 million in revenue.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s stock price fell 6.3% on Monday. The company traded as low as $8.00 and last traded at $8.0210. 26,728 shares traded hands during trading, a decline of 79% from the average session volume of 124,821 shares. The stock had previously closed at $8.56.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on FBYD shares. Wall Street Zen downgraded shares of Falcon's Beyond Global from a "hold" rating to a "sell" rating in a research note on Saturday, August 29th. Weiss Ratings downgraded shares of Falcon's Beyond Global from a "sell (d+)" rating to a "sell (d)" rating in a research note on Wednesday, September 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Falcon's Beyond Global has a consensus rating of "Sell".

Falcon's Beyond Global Price Performance

The business has a 50 day simple moving average of $8.86 and a 200-day simple moving average of $11.88. The stock has a market cap of $969.47 million, a P/E ratio of -79.95 and a beta of -2.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.66 and a current ratio of 0.66.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.01) EPS for the quarter. Falcon's Beyond Global had a negative return on equity of 50.04% and a negative net margin of 8.60%.The company had revenue of $5.62 million during the quarter.

Institutional Investors Weigh In On Falcon's Beyond Global

A hedge fund recently raised its stake in Falcon's Beyond Global stock. State Street Corp raised its stake in shares of Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Free Report) by 88.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 399,673 shares of the company's stock after buying an additional 187,164 shares during the period. State Street Corp owned about 0.33% of Falcon's Beyond Global worth $7,162,000 as of its most recent SEC filing. Institutional investors own 38.88% of the company's stock.

Falcon's Beyond Global Company Profile

Falcon's Beyond Global is an entertainment development company that creates and operates immersive attractions, theme parks, resorts and other experiential destinations. Its activities combine storytelling, technology, design and intellectual-property development to deliver entertainment experiences for visitors and audiences around the world.

The company's businesses include Falcon's Creative Group, which develops attractions and themed environments; Falcon's Beyond Destinations, which focuses on destination-based entertainment and hospitality projects; and Falcon's Beyond Studios, which develops and produces original intellectual property and related media content.

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