Falcon’s Beyond Global (NASDAQ:FBYD) Trading Up 20.2% – Time to Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) rose 20.2% during trading on Wednesday . The stock traded as high as $12.94 and last traded at $12.8860. Approximately 40,492 shares changed hands during trading, a decline of 67% from the average daily volume of 122,639 shares. The stock had previously closed at $10.72.

Wall Street Analyst Weigh In

Several equities analysts have 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 upgraded shares of Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Falcon’s Beyond Global currently has an average rating of “Hold”.

Falcon’s Beyond Global Trading Up 18.6%

The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 60.21 and a beta of -2.84. The firm’s 50-day moving average is $15.07 and its 200-day moving average is $11.36. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25.

Hedge Funds Weigh In On Falcon’s Beyond Global

Several large investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC acquired a new position in Falcon’s Beyond Global during the 4th quarter valued at about $30,000. Strs Ohio purchased a new stake in shares of Falcon’s Beyond Global in the fourth quarter worth approximately $39,000. Bank of America Corp DE boosted its position in shares of 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 valued at $42,000 after buying an additional 3,764 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Falcon’s Beyond Global during the fourth quarter valued at approximately $47,000. Finally, Clear Street Group Inc. bought a new stake in Falcon’s Beyond Global during the third quarter worth $53,000. Institutional investors own 38.88% of the company’s stock.

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.