Falcon’s Beyond Global (NASDAQ:FBYD) Trading 7.8% Higher – Time to Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares rose 7.8% during mid-day trading on Monday . The stock traded as high as $6.63 and last traded at $6.6730. Approximately 62,649 shares were traded during trading, a decline of 49% from the average session volume of 122,504 shares. The stock had previously closed at $6.19.

Analyst Upgrades and Downgrades

A number of analysts recently commented on FBYD shares. Wall Street Zen lowered Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Weiss Ratings raised shares of Falcon’s Beyond Global from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Falcon’s Beyond Global Trading Up 7.6%

The business has a 50 day moving average of $10.61 and a 200 day moving average of $11.80. The firm has a market capitalization of $807.59 million, a price-to-earnings ratio of -66.60 and a beta of -2.60. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.66.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its earnings results on Thursday, August 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $5.62 million for the quarter. Falcon’s Beyond Global had a negative return on equity of 50.04% and a negative net margin of 8.60%.

Institutional Investors Weigh In On Falcon’s Beyond Global

Several large investors have recently bought and sold shares of FBYD. Charles Schwab Investment Management Inc. bought a new position in shares of Falcon’s Beyond Global during the fourth quarter worth $658,000. Barclays PLC bought a new position in Falcon’s Beyond Global during the fourth quarter worth about $343,000. Nuveen LLC acquired a new position in Falcon’s Beyond Global in the fourth quarter valued at about $264,000. Wells Fargo & Company MN bought a new stake in shares of Falcon’s Beyond Global in the fourth quarter worth about $241,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Falcon’s Beyond Global during the fourth quarter worth about $211,000. Institutional investors own 38.88% of the company’s stock.

Falcon’s Beyond Global Company Profile

Falcon’s Beyond Global, Inc is an entertainment and development company focused on creating immersive attractions, destination resorts and branded experiences. The company combines storytelling, technology and intellectual property to develop theme parks and other location-based entertainment offerings.

Through its businesses, Falcon’s Beyond provides attraction design, master planning, creative development and operational services for theme parks and resorts. Its activities also include developing entertainment brands and intellectual property for use across attractions, hospitality, consumer products, media and other forms of experiential entertainment.

The company’s portfolio includes the Katmandu brand, which features themed attractions, parks and resort experiences.