Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 6.3% – Should You Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares shot up 6.3% during trading on Tuesday . The stock traded as high as $17.17 and last traded at $17.2850. Approximately 16,302 shares were traded during trading, a decline of 85% from the average daily volume of 105,619 shares. The stock had previously closed at $16.26.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Weiss Ratings downgraded Falcon’s Beyond Global from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Wall Street Zen raised shares of Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Falcon’s Beyond Global Price Performance

The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $2.20 billion, a PE ratio of 86.02 and a beta of -2.84. The stock has a 50-day moving average price of $14.21 and a 200 day moving average price of $11.29.

Falcon’s Beyond Global (NASDAQ:FBYD) last announced its earnings results on Monday, March 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $6.58 million for the quarter. Falcon’s Beyond Global had a net margin of 51.31% and a negative return on equity of 8.25%.

Hedge Funds Weigh In On Falcon’s Beyond Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FBYD. Vanguard Group Inc. grew its position 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 valued at $4,847,000 after purchasing an additional 357,589 shares during the period. Bank of America Corp DE raised its position in shares of 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 purchasing an additional 3,764 shares during the last quarter. Clear Street Group Inc. purchased a new position in Falcon’s Beyond Global in the 3rd quarter valued at about $53,000. Strs Ohio purchased a new position in Falcon’s Beyond Global in the 4th quarter valued at about $39,000. Finally, Global Retirement Partners LLC acquired a new stake in Falcon’s Beyond Global in the 4th quarter worth about $30,000. 38.88% of the stock is owned by hedge funds and other 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.