Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 10.4% – Time to Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price shot up 10.4% during trading on Wednesday . The company traded as high as $19.50 and last traded at $19.7820. 201,630 shares were traded during mid-day trading, an increase of 66% from the average session volume of 121,694 shares. The stock had previously closed at $17.92.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FBYD shares. Weiss Ratings raised shares of Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Wall Street Zen raised Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Falcon’s Beyond Global Stock Performance

The business has a 50 day moving average of $15.04 and a two-hundred day moving average of $11.32. 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 firm has a market cap of $2.33 billion, a P/E ratio of 91.57 and a beta of -2.84.

Falcon’s Beyond Global (NASDAQ:FBYD) last announced its quarterly earnings results on Monday, March 30th. The company reported ($0.01) EPS for the quarter. The company had revenue of $6.58 million during 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

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC bought a new position in shares of Falcon’s Beyond Global during the fourth quarter worth approximately $343,000. Nuveen LLC bought a new stake in Falcon’s Beyond Global in the 4th quarter valued at $264,000. Wells Fargo & Company MN bought a new stake in Falcon’s Beyond Global in the 4th quarter valued at $241,000. Goldman Sachs Group Inc. acquired a new position in Falcon’s Beyond Global in the 4th quarter valued at $211,000. Finally, Marshall Wace LLP acquired a new position in Falcon’s Beyond Global in the 4th quarter valued at $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.