Falcon’s Beyond Global (NASDAQ:FBYD) Trading 5.7% Higher – Still a Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYDGet Free Report)’s stock price shot up 5.7% on Friday . The stock traded as high as $7.99 and last traded at $8.1390. Approximately 5,936 shares were traded during trading, a decline of 95% from the average daily volume of 121,129 shares. The stock had previously closed at $7.70.

Analysts Set New Price Targets

FBYD has been the topic of several recent research reports. Wall Street Zen downgraded shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. Weiss Ratings upgraded Falcon’s Beyond Global from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Read Our Latest Research Report on Falcon’s Beyond Global

Falcon’s Beyond Global Trading Up 1.6%

The business has a 50-day moving average of $11.89 and a 200 day moving average of $11.67. The stock has a market cap of $984.75 million, a PE ratio of -81.60 and a beta of -2.60. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.66 and a current ratio of 0.66.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC acquired a new stake in shares of Falcon’s Beyond Global during the fourth quarter worth $30,000. Strs Ohio acquired a new position in Falcon’s Beyond Global in the fourth quarter valued at $39,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Falcon’s Beyond Global in 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 worth $42,000 after buying an additional 3,764 shares during the period. Finally, California State Teachers Retirement System lifted its position in Falcon’s Beyond Global by 633.5% during the second quarter. California State Teachers Retirement System now owns 6,917 shares of the company’s stock worth $124,000 after buying an additional 5,974 shares during the period. 38.88% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading

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