Falcon’s Beyond Global (NASDAQ:FBYD) Shares Up 6.3% – Here’s Why

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) were up 6.3% during mid-day trading on Tuesday . The company traded as high as $17.17 and last traded at $17.2850. Approximately 16,302 shares traded hands during trading, a decline of 85% from the average session volume of 105,619 shares. The stock had previously closed at $16.26.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FBYD shares. Wall Street Zen raised shares of Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings downgraded Falcon’s Beyond Global from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Down 3.2%

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 business has a fifty day moving average of $14.42 and a 200-day moving average of $11.27. The stock has a market cap of $2.10 billion, a PE ratio of 82.43 and a beta of -2.84.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its earnings results on Monday, March 30th. The company reported ($0.01) earnings per share for the quarter. Falcon’s Beyond Global had a negative return on equity of 8.25% and a net margin of 51.31%.The firm had revenue of $6.58 million during the quarter.

Institutional Trading of Falcon’s Beyond Global

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Global Retirement Partners LLC bought a new position in shares of Falcon’s Beyond Global in the 4th quarter worth $30,000. Strs Ohio bought a new stake in Falcon’s Beyond Global during the fourth quarter valued at about $39,000. Police & Firemen s Retirement System of New Jersey purchased a new position in Falcon’s Beyond Global in the fourth quarter valued at about $47,000. Bank of America Corp DE grew its stake in Falcon’s Beyond Global by 8,008.5% in the third quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock valued at $42,000 after purchasing an additional 3,764 shares during the last quarter. Finally, Clear Street Group Inc. bought a new position in Falcon’s Beyond Global in the third quarter worth about $53,000. Institutional investors own 38.88% of the company’s stock.

Falcon’s Beyond Global Company Profile

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.