Falcon’s Beyond Global (NASDAQ:FBYD) Shares Gap Down to $11.70

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $11.70, but opened at $10.38. Falcon’s Beyond Global shares last traded at $10.38, with a volume of 688 shares trading hands.

Falcon’s Beyond Global Stock Performance

The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $9.79 and its 200-day moving average is $10.74.

Falcon’s Beyond Global (NASDAQ:FBYD) last released its earnings results on Thursday, May 16th. The company reported $1.53 EPS for the quarter. The company had revenue of $1.52 million for the quarter.

Hedge Funds Weigh In On Falcon’s Beyond Global

A hedge fund recently bought a new stake in Falcon’s Beyond Global stock. Wolverine Asset Management LLC bought a new position in shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,016 shares of the company’s stock, valued at approximately $49,000. Institutional investors own 38.88% of the company’s stock.

Falcon’s Beyond Global Company Profile

Falcon's Beyond Global, Inc operates as an entertainment company in the United States, Saudi Arabia, Caribbean, Hong Kong, and internationally. The company creates master plans; designs attractions and experiential entertainment; and produces content, interactives, and software, as well as engages in media and audio production, project management, experiential technologies, and attraction hardware development, procurement, and sales.