Falcon’s Beyond Global (NASDAQ:FBYD) Shares Up 9.4% – Here’s Why

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price traded up 9.4% during mid-day trading on Thursday . The stock traded as high as $15.00 and last traded at $15.40. 29,907 shares traded hands during trading, a decline of 73% from the average session volume of 110,816 shares. The stock had previously closed at $14.08.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on FBYD shares. Wall Street Zen upgraded shares of Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings raised shares of Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Falcon’s Beyond Global currently has an average rating of “Hold”.

Falcon’s Beyond Global Trading Up 8.6%

The firm has a fifty day simple moving average of $13.06 and a 200-day simple moving average of $11.27. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.45 and a quick ratio of 0.45. The firm has a market cap of $1.85 billion, a P/E ratio of 72.40 and a beta of -2.84.

Falcon’s Beyond Global (NASDAQ:FBYD) last announced its quarterly earnings results on Monday, March 30th. The company reported ($0.01) EPS for the quarter. Falcon’s Beyond Global had a net margin of 51.31% and a negative return on equity of 8.25%. The business had revenue of $6.59 million for the quarter.

Institutional Investors Weigh In On Falcon’s Beyond Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Falcon’s Beyond Global by 434.9% in the 3rd quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock worth $4,847,000 after acquiring an additional 357,589 shares during the last quarter. Invesco Ltd. acquired a new position in Falcon’s Beyond Global during the 4th quarter valued at about $2,555,000. Geode Capital Management LLC increased its holdings in Falcon’s Beyond Global by 86.2% during the 4th quarter. Geode Capital Management LLC now owns 317,709 shares of the company’s stock worth $4,770,000 after purchasing an additional 147,056 shares in the last quarter. State Street Corp increased its holdings in Falcon’s Beyond Global by 648.9% during the 4th quarter. State Street Corp now owns 153,824 shares of the company’s stock worth $2,309,000 after purchasing an additional 133,284 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new stake in shares of Falcon’s Beyond Global in the fourth quarter worth approximately $658,000. 38.88% of the stock is owned by 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.