Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 6.5% – What’s Next?

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shot up 6.5% during trading on Wednesday . The stock traded as high as $16.50 and last traded at $17.3440. 9,896 shares changed hands during trading, a decline of 79% from the average session volume of 47,448 shares. The stock had previously closed at $16.29.

Analysts Set New Price Targets

A number of research firms recently issued reports on FBYD. Wall Street Zen raised Falcon’s Beyond Global to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Down 2.3%

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 firm has a market cap of $1.93 billion, a price-to-earnings ratio of -132.63 and a beta of -2.10. The firm has a 50 day moving average price of $14.54 and a 200-day moving average price of $10.50.

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

Hedge Funds Weigh In On Falcon’s Beyond Global

Several large investors have recently bought and sold shares of the business. Bank of America Corp DE grew its holdings in 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 worth $42,000 after acquiring an additional 3,764 shares during the period. Clear Street Group Inc. bought a new position in shares of Falcon’s Beyond Global in the 3rd quarter worth $53,000. HighTower Advisors LLC acquired a new stake in shares of Falcon’s Beyond Global during the first quarter worth $124,000. AllGen Financial Advisors Inc. grew its stake in shares of Falcon’s Beyond Global by 79.8% during the third quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock worth $476,000 after purchasing an additional 19,157 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings 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 purchasing an additional 9,082 shares during the last quarter. 38.88% of the stock is currently owned by institutional investors and hedge funds.

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. 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.