Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 5.9% – Here’s What Happened

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares shot up 5.9% during trading on Thursday . The company traded as high as $6.77 and last traded at $6.7150. 14,519 shares were traded during trading, a decline of 88% from the average session volume of 122,732 shares. The stock had previously closed at $6.34.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FBYD shares. Wall Street Zen cut Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research note on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Falcon’s Beyond Global has a consensus rating of “Sell”.

Falcon’s Beyond Global Price Performance

The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30. The business’s fifty day moving average is $6.75 and its 200 day moving average is $10.72. The company has a market cap of $823.21 million, a P/E ratio of -56.67 and a beta of -1.68.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. AllGen Financial Advisors Inc. increased its holdings in Falcon’s Beyond Global by 79.8% in the 3rd quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock worth $476,000 after acquiring an additional 19,157 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of 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 worth $559,000 after purchasing an additional 9,082 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Falcon’s Beyond Global by 434.9% in the third quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock valued at $4,847,000 after purchasing an additional 357,589 shares during the period. Bank of America Corp DE lifted its stake in shares of Falcon’s Beyond Global by 8,008.5% during the 3rd quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock valued at $42,000 after buying an additional 3,764 shares in the last quarter. Finally, Clear Street Group Inc. purchased a new stake in shares of Falcon’s Beyond Global during the 3rd quarter valued at approximately $53,000. 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. 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.