Falcon’s Beyond Global (NASDAQ:FBYD) Sees Large Volume Increase – Should You Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares saw an uptick in trading volume on Wednesday . 6,118 shares traded hands during trading, an increase of 8% from the previous session’s volume of 5,691 shares.The stock last traded at $6.15 and had previously closed at $6.95.

Falcon’s Beyond Global Trading Up 9.0%

The business’s 50-day moving average price is $6.41 and its 200 day moving average price is $7.10. The company has a debt-to-equity ratio of 32.66, a current ratio of 0.51 and a quick ratio of 0.05. The firm has a market capitalization of $830.73 million, a price-to-earnings ratio of 17.47 and a beta of -1.77.

Falcon’s Beyond Global (NASDAQ:FBYD) last posted its earnings results on Thursday, August 14th. The company reported $0.30 EPS for the quarter. Falcon’s Beyond Global had a net margin of 146.55% and a negative return on equity of 82.54%. The business had revenue of $2.55 million for the quarter.

Institutional Trading of Falcon’s Beyond Global

A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its position in shares of Falcon’s Beyond Global by 22.8% in the fourth quarter. Geode Capital Management LLC now owns 51,084 shares of the company’s stock worth $397,000 after purchasing an additional 9,499 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Falcon’s Beyond Global by 147.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,657 shares of the company’s stock worth $363,000 after purchasing an additional 24,816 shares in the last quarter. AllGen Financial Advisors Inc. purchased a new stake in shares of Falcon’s Beyond Global in the first quarter worth approximately $209,000. HighTower Advisors LLC purchased a new stake in shares of Falcon’s Beyond Global in the first quarter worth approximately $124,000. Finally, Northern Trust Corp purchased a new stake in shares of Falcon’s Beyond Global in the fourth quarter worth approximately $89,000. 38.88% of the stock is owned by hedge funds and other 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.