Falcon’s Beyond Global (NASDAQ:FBYD) Trading 9% Higher – Still a Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYDGet Free Report)’s share price shot up 9% during trading on Wednesday . The stock traded as high as $14.38 and last traded at $14.47. 35,945 shares were traded during trading, a decline of 67% from the average session volume of 110,507 shares. The stock had previously closed at $13.27.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wall Street Zen upgraded shares of Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings raised shares of Falcon’s Beyond Global from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Falcon’s Beyond Global currently has a consensus rating of “Sell”.

Check Out Our Latest Research Report on FBYD

Falcon’s Beyond Global Stock Up 7.5%

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’s 50 day moving average is $11.13 and its two-hundred day moving average is $11.04. The firm has a market capitalization of $1.73 billion, a P/E ratio of 68.62 and a beta of -2.79.

Falcon’s Beyond Global (NASDAQ:FBYDGet Free Report) last released its earnings results on Monday, March 30th. The company reported ($0.01) earnings per share for the quarter. Falcon’s Beyond Global had a net margin of 51.31% and a negative return on equity of 8.25%. The firm had revenue of $6.59 million during the quarter.

Hedge Funds Weigh In On Falcon’s Beyond Global

Several hedge funds and other institutional investors have recently made changes to their positions in FBYD. Global Retirement Partners LLC bought a new position in Falcon’s Beyond Global during the fourth quarter worth $30,000. Strs Ohio bought a new position in Falcon’s Beyond Global during the fourth quarter worth $39,000. Police & Firemen s Retirement System of New Jersey bought a new position in Falcon’s Beyond Global during the fourth quarter worth $47,000. Bank of America Corp DE boosted 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 purchasing an additional 3,764 shares during the period. Finally, Clear Street Group Inc. bought a new position in Falcon’s Beyond Global during the third quarter worth $53,000. 38.88% of the stock is owned by institutional investors.

Falcon’s Beyond Global Company Profile

(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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