Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 6.2% – What’s Next?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price was up 6.2% during trading on Tuesday . The company traded as high as $15.50 and last traded at $15.67. Approximately 49,044 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 106,981 shares. The stock had previously closed at $14.76.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FBYD shares. Wall Street Zen upgraded Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings cut Falcon’s Beyond Global from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. One 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 Performance

The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average is $13.75 and its two-hundred day moving average is $11.37. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 76.31 and a beta of -2.84.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FBYD. Global Retirement Partners LLC acquired a new position in shares of Falcon’s Beyond Global during the 4th quarter worth about $30,000. Strs Ohio acquired a new position in Falcon’s Beyond Global during the fourth quarter worth about $39,000. Bank of America Corp DE boosted its position in Falcon’s Beyond Global by 8,008.5% during the third 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 last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in Falcon’s Beyond Global during the fourth quarter worth about $47,000. Finally, Clear Street Group Inc. acquired a new position in Falcon’s Beyond Global during the third quarter worth about $53,000. Institutional investors and hedge funds own 38.88% of the company’s stock.

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.