Falcon’s Beyond Global (NASDAQ:FBYD) Shares Gap Up – Time to Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares gapped up prior to trading on Tuesday . The stock had previously closed at $8.94, but opened at $9.21. Falcon’s Beyond Global shares last traded at $7.9160, with a volume of 13,867 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FBYD. Weiss Ratings upgraded shares of Falcon’s Beyond Global from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. Wall Street Zen lowered Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Falcon’s Beyond Global Stock Performance

The firm’s 50-day moving average price is $12.07 and its 200-day moving average price is $11.65. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market cap of $933.70 million, a P/E ratio of -77.00 and a beta of -2.60.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its earnings results on Thursday, August 13th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $5.62 million for the quarter. Falcon’s Beyond Global had a negative return on equity of 50.04% and a negative net margin of 8.60%.

Institutional Investors Weigh In On Falcon’s Beyond Global

Hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new position in Falcon’s Beyond Global during the 4th quarter valued at approximately $30,000. Strs Ohio bought a new position in shares of Falcon’s Beyond Global during the 4th quarter valued at approximately $39,000. Bank of America Corp DE grew its holdings in shares of Falcon’s Beyond Global by 8,008.5% in the third 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 in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Falcon’s Beyond Global in the fourth quarter valued at $47,000. Finally, California State Teachers Retirement System increased its position in Falcon’s Beyond Global by 633.5% in the second quarter. California State Teachers Retirement System now owns 6,917 shares of the company’s stock worth $124,000 after purchasing an additional 5,974 shares during the last quarter. 38.88% of the stock is currently owned by hedge funds and other institutional investors.

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.