Falcon’s Beyond Global (NASDAQ:FBYD) Sees Large Volume Increase – What’s Next?

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) saw strong trading volume on Thursday . 151,087 shares changed hands during mid-day trading, an increase of 287% from the previous session’s volume of 38,998 shares.The stock last traded at $13.91 and had previously closed at $12.47.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FBYD. Wall Street Zen upgraded shares of Falcon’s Beyond Global to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reissued a “sell (d+)” rating on shares of Falcon’s Beyond Global in a report on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Falcon’s Beyond Global currently has an average rating of “Sell”.

Falcon’s Beyond Global Stock Up 20.5%

The firm’s 50-day moving average price is $13.53 and its 200 day moving average price is $9.79. 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 company has a market capitalization of $1.82 billion, a price-to-earnings ratio of -125.25 and a beta of -2.07.

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

Institutional Trading of Falcon’s Beyond Global

Several institutional investors and hedge funds have recently modified their holdings of FBYD. Clear Street Group Inc. acquired a new stake in Falcon’s Beyond Global in the third quarter valued at approximately $53,000. Bank of America Corp DE raised its position in shares of Falcon’s Beyond Global by 8,008.5% during the third 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. lifted its position in shares of Falcon’s Beyond Global by 434.9% in the 3rd 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. Wealth Enhancement Advisory Services LLC lifted its holdings in Falcon’s Beyond Global by 21.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock valued at $559,000 after buying an additional 9,082 shares during the period. Finally, AllGen Financial Advisors Inc. lifted its stake in shares of Falcon’s Beyond Global by 79.8% in the 3rd quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock valued at $476,000 after purchasing an additional 19,157 shares during the period. 38.88% of the stock is currently 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.