Falcon’s Beyond Global (NASDAQ:FBYD) Sees Large Volume Increase – Still a Buy?

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYDGet Free Report) saw unusually-strong trading volume on Friday . Approximately 105,533 shares traded hands during 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 Ratings Changes

A number of equities analysts recently commented on FBYD shares. Weiss Ratings upgraded Falcon’s Beyond Global from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 15th. 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 Sell rating, According to MarketBeat.com, Falcon’s Beyond Global presently has a consensus rating of “Sell”.

Check Out Our Latest Report on Falcon’s Beyond Global

Falcon’s Beyond Global Price Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 0.45 and a quick ratio of 0.45. The firm has a market cap of $2.08 billion, a PE ratio of 81.64 and a beta of -2.79. The firm has a 50-day simple moving average of $11.54 and a 200 day simple moving average of $11.12.

Falcon’s Beyond Global (NASDAQ:FBYDGet Free Report) last announced its quarterly earnings data on Monday, March 30th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $6.59 million for 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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new position in Falcon’s Beyond Global during the fourth quarter valued at $30,000. Strs Ohio purchased a new position in Falcon’s Beyond Global during the fourth quarter valued at $39,000. Police & Firemen s Retirement System of New Jersey purchased a new position in Falcon’s Beyond Global during the fourth quarter valued at $47,000. Bank of America Corp DE lifted its position in Falcon’s Beyond Global by 8,008.5% during the third quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock valued at $42,000 after buying an additional 3,764 shares during the period. Finally, Clear Street Group Inc. purchased a new position in shares of Falcon’s Beyond Global in the 3rd quarter worth about $53,000. Hedge funds and other institutional investors own 38.88% of the company’s stock.

About Falcon’s Beyond Global

(Get Free Report)

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.

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