Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 15.5% – Time to Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) traded up 15.5% on Tuesday . The stock traded as high as $13.59 and last traded at $13.7950. 34,776 shares were traded during mid-day trading, a decline of 72% from the average session volume of 123,097 shares. The stock had previously closed at $11.94.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FBYD shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research note on Monday, December 22nd. Wall Street Zen lowered Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Falcon’s Beyond Global Stock Performance

The company has a market cap of $1.47 billion, a PE ratio of 405.00 and a beta of -3.80. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.31 and a current ratio of 0.31. The firm’s 50 day moving average is $6.50 and its 200-day moving average is $10.83.

Falcon’s Beyond Global (NASDAQ:FBYD) last released its earnings results on Monday, March 30th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $6.59 million during the quarter. Falcon’s Beyond Global had a negative return on equity of 164.17% and a net margin of 19.06%.

Hedge Funds Weigh In On Falcon’s Beyond Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Clear Street Group Inc. acquired a new stake in shares of Falcon’s Beyond Global in the 3rd quarter worth $53,000. Geode Capital Management LLC raised its holdings in shares of Falcon’s Beyond Global by 86.2% during the 4th quarter. Geode Capital Management LLC now owns 317,709 shares of the company’s stock worth $4,770,000 after acquiring an additional 147,056 shares during the period. Invesco Ltd. acquired a new position in shares of Falcon’s Beyond Global during the 4th quarter valued at about $2,555,000. State Street Corp boosted its position in shares of Falcon’s Beyond Global by 648.9% during the 4th quarter. State Street Corp now owns 153,824 shares of the company’s stock valued at $2,309,000 after acquiring an additional 133,284 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new stake in shares of Falcon’s Beyond Global in the fourth quarter valued at about $658,000. Institutional investors and hedge funds own 38.88% of the company’s stock.

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.