Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Down 11.5% – What’s Next?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) was down 11.5% on Monday . The company traded as low as $7.53 and last traded at $6.86. Approximately 230 shares changed hands during trading, a decline of 98% from the average daily volume of 15,084 shares. The stock had previously closed at $7.75.

Falcon’s Beyond Global Price Performance

The stock’s 50 day simple moving average is $7.33 and its two-hundred day simple moving average is $7.65. The firm has a market cap of $993.79 million, a P/E ratio of 5.11 and a beta of -2.51.

Falcon’s Beyond Global (NASDAQ:FBYD) last posted its quarterly earnings data on Thursday, April 3rd. The company reported ($0.42) earnings per share for the quarter. The company had revenue of $1.36 million during the quarter.

Hedge Funds Weigh In On Falcon’s Beyond Global

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of 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 acquiring an additional 2,806 shares in the last quarter. Geode Capital Management LLC boosted its stake in Falcon’s Beyond Global by 22.8% during the 4th quarter. Geode Capital Management LLC now owns 51,084 shares of the company’s stock valued at $397,000 after purchasing an additional 9,499 shares during the last quarter. Finally, Northern Trust Corp bought a new stake in shares of Falcon’s Beyond Global in the 4th quarter worth $89,000. 38.88% of the stock is currently owned by institutional investors.

About Falcon’s Beyond Global

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.