Falcon’s Beyond Global (NASDAQ:FBYD) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) saw unusually-strong trading volume on Thursday . Approximately 151,087 shares were traded during trading, an increase of 287% from the previous session’s volume of 38,998 shares.The stock last traded at $13.91 and had previously closed at $12.47.

Wall Street Analysts Forecast Growth

FBYD has been the subject of several research reports. Wall Street Zen upgraded Falcon’s Beyond Global to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a report on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Falcon’s Beyond Global currently has an average rating of “Sell”.

Falcon’s Beyond Global Stock Performance

The company has a debt-to-equity ratio of 0.30, a current ratio of 0.31 and a quick ratio of 0.31. The company’s fifty day moving average price is $13.53 and its 200 day moving average price is $9.79. The company has a market cap of $1.82 billion, a PE ratio of -125.25 and a beta of -2.07.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.13) earnings per share (EPS) for the quarter. Falcon’s Beyond Global had a negative return on equity of 16.17% and a net margin of 10.57%.The firm had revenue of $4.05 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FBYD. HighTower Advisors LLC purchased a new stake in shares of Falcon’s Beyond Global during the 1st quarter valued at $124,000. Clear Street Group Inc. bought a new position in Falcon’s Beyond Global during the third quarter valued at about $53,000. Bank of America Corp DE increased its holdings in Falcon’s Beyond Global by 8,008.5% during the third quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock worth $42,000 after buying an additional 3,764 shares during the last quarter. Vanguard Group Inc. raised its position in Falcon’s Beyond Global by 434.9% in the third quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock worth $4,847,000 after acquiring an additional 357,589 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Falcon’s Beyond Global by 21.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock valued at $559,000 after acquiring an additional 9,082 shares during the last quarter. Hedge funds and other institutional investors 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.