Falcon's Beyond Global (NASDAQ:FBYD) Trading Down 5.4% - Here's Why

Key Points

• Falcon’s Beyond Global shares fell 5.4% to about $7.64 in mid-day trading, with volume down 83% from the average session.
• Analyst sentiment remains negative: MarketBeat reports a consensus “Sell” rating, including a recent downgrade from “Hold” to “Sell.”
• The company reported a quarterly loss of $0.01 per share on $5.62 million in revenue, alongside a negative net margin of 8.60% and negative return on equity of 50.04%.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s share price was down 5.4% during mid-day trading on Wednesday . The company traded as low as $7.61 and last traded at $7.6360. Approximately 20,777 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 121,121 shares. The stock had previously closed at $8.07.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on FBYD shares. Weiss Ratings raised shares of Falcon's Beyond Global from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday, September 1st. Wall Street Zen downgraded Falcon's Beyond Global from a "hold" rating to a "sell" rating in a research report on Saturday, August 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Sell".

Falcon's Beyond Global Price Performance

The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average price of $11.36 and a 200 day moving average price of $11.75. The company has a market capitalization of $920.97 million, a P/E ratio of -75.95 and a beta of -2.60.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC acquired a new stake in Falcon's Beyond Global during the fourth quarter worth approximately $343,000. Marshall Wace LLP bought a new stake in shares of Falcon's Beyond Global during the 4th quarter valued at approximately $207,000. Wells Fargo & Company MN acquired a new position in shares of Falcon's Beyond Global during the fourth quarter worth $241,000. MetLife Investment Management LLC acquired a new stake in shares of Falcon's Beyond Global during the fourth quarter valued at about $130,000. Finally, Nuveen LLC bought a new stake in Falcon's Beyond Global during the 4th quarter worth approximately $264,000. Institutional investors and hedge funds own 38.88% of the company's stock.

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. Falcon's Creative Group is a themed entertainment and master planning firm. Falcon's Beyond Destinations develops, owns, and operates global entertainment destinations from resorts, theme parks, and attractions to retail, dining and location-based entertainment venues.

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