Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 6.2% – Time to Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares rose 6.2% during trading on Tuesday . The company traded as high as $15.50 and last traded at $15.67. Approximately 49,044 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 106,981 shares. The stock had previously closed at $14.76.

Analyst Ratings Changes

FBYD has been the topic of a number of recent research reports. Wall Street Zen upgraded Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings lowered Falcon’s Beyond Global from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Performance

The stock has a 50 day moving average price of $13.91 and a two-hundred day moving average price of $11.36. 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 company has a market cap of $1.92 billion, a price-to-earnings ratio of 75.52 and a beta of -2.84.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its quarterly earnings data on Monday, March 30th. The company reported ($0.01) EPS 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%.

Institutional Trading of Falcon’s Beyond Global

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake 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 valued at $4,847,000 after purchasing an additional 357,589 shares during the period. Invesco Ltd. bought a new position in shares of Falcon’s Beyond Global in the 4th quarter valued at about $2,555,000. Geode Capital Management LLC grew its holdings in shares of Falcon’s Beyond Global by 86.2% in the 4th quarter. Geode Capital Management LLC now owns 317,709 shares of the company’s stock valued at $4,770,000 after acquiring an additional 147,056 shares in the last quarter. State Street Corp grew its holdings in shares of Falcon’s Beyond Global by 648.9% in the 4th quarter. State Street Corp now owns 153,824 shares of the company’s stock valued at $2,309,000 after acquiring an additional 133,284 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of Falcon’s Beyond Global in the 4th quarter valued at about $658,000. 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.