Falcon’s Beyond Global (NASDAQ:FBYD) Shares Up 2.4% – Should You Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price traded up 2.4% on Friday . The stock traded as high as $10.33 and last traded at $10.07. 104,862 shares were traded during trading, a decline of 28% from the average session volume of 145,967 shares. The stock had previously closed at $9.83.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Falcon’s Beyond Global has a consensus rating of “Hold”.

Falcon’s Beyond Global Stock Performance

The company has a 50-day moving average price of $14.03 and a two-hundred day moving average price of $11.07. 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 stock has a market capitalization of $1.22 billion, a P/E ratio of 47.95 and a beta of -2.57.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp acquired a new stake in Falcon’s Beyond Global in the second quarter worth $1,067,000. Invesco Ltd. bought a new position in shares of Falcon’s Beyond Global during the 4th quarter worth about $2,555,000. Chokshi & Queen Wealth Advisors Inc bought a new position in shares of Falcon’s Beyond Global during the 4th quarter worth about $162,000. Barclays PLC acquired a new stake in shares of Falcon’s Beyond Global in the 4th quarter valued at about $343,000. Finally, Marshall Wace LLP acquired a new stake in shares of Falcon’s Beyond Global in the 4th quarter valued at about $207,000. 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.