Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 7.7% – Here’s Why

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price was up 7.7% during trading on Tuesday . The company traded as high as $7.43 and last traded at $7.41. Approximately 76,066 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 129,113 shares. The stock had previously closed at $6.88.

Analyst Upgrades and Downgrades

FBYD has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research note on Monday, December 22nd. Wall Street Zen downgraded shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Falcon’s Beyond Global Stock Up 7.8%

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 firm has a 50-day simple moving average of $8.45 and a two-hundred day simple moving average of $10.76. The stock has a market cap of $898.27 million, a P/E ratio of -61.83 and a beta of -1.67.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. AllGen Financial Advisors Inc. boosted 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 valued at $476,000 after purchasing an additional 19,157 shares in the last quarter. 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 worth $559,000 after purchasing an additional 9,082 shares in the last quarter. Vanguard Group Inc. boosted its stake in Falcon’s Beyond Global by 434.9% during 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 in the last quarter. Bank of America Corp DE grew its stake in shares of Falcon’s Beyond Global by 8,008.5% in 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 during the period. Finally, Clear Street Group Inc. acquired a new stake in Falcon’s Beyond Global in the third quarter valued at approximately $53,000. 38.88% of the stock is currently owned by institutional investors and hedge funds.

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.