Falcon’s Beyond Global (NASDAQ:FBYD) Sees Large Volume Increase – Here’s Why

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) saw unusually-strong trading volume on Friday . Approximately 105,533 shares were traded during mid-day trading, a decline of 6% from the previous session’s volume of 111,743 shares.The stock last traded at $18.9350 and had previously closed at $19.10.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FBYD shares. Wall Street Zen upgraded shares of Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings upgraded shares of Falcon’s Beyond Global from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 15th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus 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 stock has a market cap of $2.01 billion, a P/E ratio of 78.86 and a beta of -2.79. The business’s 50-day simple moving average is $11.74 and its two-hundred day simple moving average is $11.16.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its earnings results on Monday, March 30th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $6.59 million for the quarter. Falcon’s Beyond Global had a negative return on equity of 8.25% and a net margin of 51.31%.

Hedge Funds Weigh In On Falcon’s Beyond Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. bought a new position in Falcon’s Beyond Global during the fourth quarter worth about $2,555,000. Chokshi & Queen Wealth Advisors Inc bought a new position in Falcon’s Beyond Global during the fourth quarter worth about $162,000. Barclays PLC bought a new position in Falcon’s Beyond Global during the fourth quarter worth about $343,000. Marshall Wace LLP bought a new position in Falcon’s Beyond Global during the fourth quarter worth about $207,000. Finally, Charles Schwab Investment Management Inc. bought a new position in Falcon’s Beyond Global during the fourth quarter worth about $658,000. Institutional investors 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.