Falcon’s Beyond Global (NASDAQ:FBYD) Trading Up 9.4% – Here’s Why

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) traded up 9.4% during mid-day trading on Thursday . The company traded as high as $15.00 and last traded at $15.40. 29,907 shares changed hands during trading, a decline of 73% from the average session volume of 110,816 shares. The stock had previously closed at $14.08.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Weiss Ratings raised shares of Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Wall Street Zen raised Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Falcon’s Beyond Global presently has an average rating of “Hold”.

Falcon’s Beyond Global Stock Down 3.5%

The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.25. The company’s fifty day moving average is $13.37 and its 200-day moving average is $11.32. The company has a market cap of $1.78 billion, a PE ratio of 69.90 and a beta of -2.84.

Falcon’s Beyond Global (NASDAQ:FBYD) last announced its quarterly earnings results on Monday, March 30th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $6.59 million for the quarter. Falcon’s Beyond Global had a net margin of 51.31% and a negative return on equity of 8.25%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Nuveen LLC purchased a new stake in shares of Falcon’s Beyond Global in the 4th quarter worth $264,000. Wells Fargo & Company MN purchased a new position in shares of Falcon’s Beyond Global during the fourth quarter valued at $241,000. Goldman Sachs Group Inc. purchased a new position in shares of Falcon’s Beyond Global during the fourth quarter valued at $211,000. Marshall Wace LLP bought a new stake in shares of Falcon’s Beyond Global in the fourth quarter valued at about $207,000. Finally, Chokshi & Queen Wealth Advisors Inc purchased a new stake in Falcon’s Beyond Global in the fourth quarter worth about $162,000. 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.