Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 10.2% – Should You Buy?

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) rose 10.2% on Monday . The stock traded as high as $12.39 and last traded at $12.4330. Approximately 10,863 shares changed hands during trading, a decline of 92% from the average daily volume of 128,925 shares. The stock had previously closed at $11.28.

Wall Street Analyst Weigh In

FBYD has been the subject of several research analyst reports. 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 raised Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research note on Saturday. One investment 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 Trading Down 2.4%

The company has a 50 day moving average of $6.92 and a 200 day moving average of $10.78. 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 stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 396.33 and a beta of -3.77.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FBYD. AllGen Financial Advisors Inc. raised its stake 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 valued at $476,000 after purchasing an additional 19,157 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Falcon’s Beyond Global by 21.8% in the 3rd 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. Vanguard Group Inc. raised its stake in Falcon’s Beyond Global by 434.9% in the 3rd 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 last quarter. Bank of America Corp DE raised its stake in 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 purchasing an additional 3,764 shares during the last quarter. Finally, Clear Street Group Inc. acquired a new position in Falcon’s Beyond Global in the 3rd quarter valued at $53,000. 38.88% of the stock is 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.