Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 7.8% – Should You Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price traded up 7.8% on Monday . The stock traded as high as $6.63 and last traded at $6.6730. Approximately 62,649 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 122,504 shares. The stock had previously closed at $6.19.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Falcon’s Beyond Global from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, September 1st. Wall Street Zen lowered Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Falcon’s Beyond Global Price Performance

The stock has a fifty day simple moving average of $10.11 and a 200-day simple moving average of $11.82. The company has a market capitalization of $842.76 million, a PE ratio of -69.50 and a beta of -2.60. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.25.

Falcon’s Beyond Global (NASDAQ:FBYD) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.01) EPS for the quarter. Falcon’s Beyond Global had a negative net margin of 8.60% and a negative return on equity of 50.04%. The business had revenue of $5.62 million during the quarter.

Hedge Funds Weigh In On Falcon’s Beyond Global

An institutional investor recently bought a new stake in Falcon’s Beyond Global stock. Bank of New York Mellon Corp purchased a new position in shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 59,538 shares of the company’s stock, valued at approximately $1,067,000. Institutional investors and hedge funds own 38.88% of the company’s stock.

Falcon’s Beyond Global Company Profile

Falcon’s Beyond Global, Inc is an entertainment and development company focused on creating immersive attractions, destination resorts and branded experiences. The company combines storytelling, technology and intellectual property to develop theme parks and other location-based entertainment offerings.

Through its businesses, Falcon’s Beyond provides attraction design, master planning, creative development and operational services for theme parks and resorts. Its activities also include developing entertainment brands and intellectual property for use across attractions, hospitality, consumer products, media and other forms of experiential entertainment.

The company’s portfolio includes the Katmandu brand, which features themed attractions, parks and resort experiences.