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

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) gapped up before the market opened on Tuesday . The stock had previously closed at $4.23, but opened at $4.60. Falcon’s Beyond Global shares last traded at $4.8690, with a volume of 5,312 shares changing hands.

Wall Street Analyst Weigh In

FBYD has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a report on Monday, December 22nd. Wall Street Zen downgraded shares of 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 data from MarketBeat.com, the stock has an average rating of “Sell”.

Falcon’s Beyond Global Stock Up 7.2%

The company has a market capitalization of $601.07 million, a PE ratio of -41.38 and a beta of -1.64. 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 stock has a 50-day moving average of $9.36 and a 200 day moving average of $10.78.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FBYD. Global Retirement Partners LLC bought a new stake in shares of Falcon’s Beyond Global in the 4th quarter worth approximately $30,000. Strs Ohio purchased a new position in shares of Falcon’s Beyond Global during the 4th quarter valued at $39,000. Bank of America Corp DE grew its stake in shares of Falcon’s Beyond Global by 8,008.5% during the 3rd quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock worth $42,000 after acquiring an additional 3,764 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Falcon’s Beyond Global during the 4th quarter worth $47,000. Finally, Clear Street Group Inc. purchased a new stake in Falcon’s Beyond Global during the third quarter valued at about $53,000. 38.88% of the stock is owned by institutional investors.

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. 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.