Falcon’s Beyond Global (NASDAQ:FBYD) Trading Up 19.4% – Time to Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) rose 19.4% during trading on Friday . The stock traded as high as $4.45 and last traded at $4.6550. Approximately 12,807 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 131,230 shares. The stock had previously closed at $3.90.

Analyst Ratings Changes

A number of brokerages recently issued reports on FBYD. Weiss Ratings reiterated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research note on Monday, December 22nd. Wall Street Zen cut shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Falcon’s Beyond Global has an average rating of “Sell”.

Falcon’s Beyond Global Stock Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.31 and a current ratio of 0.31. The business’s fifty day simple moving average is $10.68 and its 200-day simple moving average is $10.86. The firm has a market capitalization of $555.67 million, a PE ratio of -38.25 and a beta of -1.66.

Falcon’s Beyond Global (NASDAQ:FBYD) last released its earnings results on Friday, November 14th. The company reported ($0.13) 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 company had revenue of $4.05 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new stake in shares of Falcon’s Beyond Global in the fourth quarter worth about $30,000. Strs Ohio bought a new stake in Falcon’s Beyond Global in the 4th quarter worth approximately $39,000. Bank of America Corp DE raised its holdings in shares of Falcon’s Beyond Global by 8,008.5% during the 3rd 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 in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Falcon’s Beyond Global during the 4th quarter valued at approximately $47,000. Finally, Clear Street Group Inc. purchased a new position in shares of Falcon’s Beyond Global in the third quarter valued at $53,000. Hedge funds and other 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.