Falcon’s Beyond Global (NASDAQ:FBYD) Trading Up 10.7% – Should You Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price shot up 10.7% on Monday . The company traded as high as $13.43 and last traded at $13.5150. 14,895 shares traded hands during trading, a decline of 47% from the average session volume of 28,152 shares. The stock had previously closed at $12.21.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen upgraded Falcon’s Beyond Global to a “hold” rating in a research report on Saturday, October 25th. Weiss Ratings downgraded Falcon’s Beyond Global from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, November 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Falcon’s Beyond Global Trading Up 15.2%

The company has a market cap of $2.00 billion, a price-to-earnings ratio of -137.33 and a beta of -1.49. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.30. The business’s fifty day simple moving average is $12.21 and its two-hundred day simple moving average is $8.72.

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

Institutional Trading of Falcon’s Beyond Global

Hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC purchased a new position in shares of Falcon’s Beyond Global during the 1st quarter worth approximately $124,000. Clear Street Group Inc. acquired a new stake in shares of Falcon’s Beyond Global in the 3rd quarter worth approximately $53,000. Bank of America Corp DE increased 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 in the last quarter. Vanguard Group Inc. raised its holdings 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 purchasing an additional 357,589 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Falcon’s Beyond Global by 21.8% during 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. 38.88% of the stock is 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.