Falcon’s Beyond Global (NASDAQ:FBYD) Shares Up 19.4% – What’s Next?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) traded up 19.4% on Friday . The company traded as high as $4.45 and last traded at $4.6550. 12,807 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 131,230 shares. The stock had previously closed at $3.90.

Wall Street Analyst Weigh In

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

Falcon’s Beyond Global Stock Performance

The firm’s 50-day moving average price is $10.99 and its two-hundred day moving average price is $10.85. The firm has a market capitalization of $570.19 million, a PE ratio of -39.25 and a beta of -1.66. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.30.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FBYD. Global Retirement Partners LLC purchased a new stake in Falcon’s Beyond Global in the 4th quarter worth about $30,000. Strs Ohio purchased a new position in Falcon’s Beyond Global during the 4th quarter valued at about $39,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Falcon’s Beyond Global in the 4th quarter valued at about $47,000. Bank of America Corp DE lifted its position 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 worth $42,000 after purchasing an additional 3,764 shares in the last quarter. Finally, Clear Street Group Inc. acquired a new stake in shares of Falcon’s Beyond Global during the third quarter worth approximately $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.