Falcon’s Beyond Global (NASDAQ:FBYD) Trading 5.5% Higher – Here’s Why

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shot up 5.5% on Friday . The stock traded as high as $5.49 and last traded at $5.59. 14,436 shares were traded during trading, a decline of 89% from the average session volume of 128,891 shares. The stock had previously closed at $5.30.

Wall Street Analyst Weigh In

A number of research firms have commented on FBYD. Weiss Ratings restated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research report on Monday, December 22nd. Wall Street Zen raised Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Up 19.4%

The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30. The business’s fifty day moving average price is $13.33 and its two-hundred day moving average price is $10.98. The firm has a market cap of $766.32 million, a P/E ratio of -54.25 and a beta of -1.80.

Falcon’s Beyond Global (NASDAQ:FBYD) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.13) earnings per share for the quarter. Falcon’s Beyond Global had a negative return on equity of 16.17% and a net margin of 10.57%.The company had revenue of $4.05 million during the quarter.

Institutional Trading of Falcon’s Beyond Global

Several large investors have recently modified their holdings of the company. Bank of America Corp DE lifted its position in 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 last quarter. Vanguard Group Inc. increased its stake in shares of Falcon’s Beyond Global by 434.9% in the third quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock worth $4,847,000 after purchasing an additional 357,589 shares during the period. Clear Street Group Inc. acquired a new position in shares of Falcon’s Beyond Global during the 3rd quarter worth about $53,000. AllGen Financial Advisors Inc. lifted its position in shares of Falcon’s Beyond Global by 79.8% during the 3rd quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock worth $476,000 after purchasing an additional 19,157 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Falcon’s Beyond Global by 21.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock valued at $559,000 after purchasing an additional 9,082 shares during the period. 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.