Falcon’s Beyond Global (NASDAQ:FBYD) Shares Gap Up – What’s Next?

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) gapped up before the market opened on Tuesday . The stock had previously closed at $4.23, but opened at $4.60. Falcon’s Beyond Global shares last traded at $4.8690, with a volume of 5,312 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FBYD shares. Wall Street Zen lowered shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Falcon’s Beyond Global has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Performance

The stock has a market capitalization of $601.07 million, a price-to-earnings ratio of -41.38 and a beta of -1.64. The company has a 50 day simple moving average of $9.36 and a 200-day simple moving average of $10.78. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.30.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. acquired a new stake in Falcon’s Beyond Global in the fourth quarter worth $2,555,000. Chokshi & Queen Wealth Advisors Inc bought a new position in shares of Falcon’s Beyond Global during the 4th quarter worth about $162,000. Barclays PLC acquired a new stake in shares of Falcon’s Beyond Global in the 4th quarter valued at about $343,000. Marshall Wace LLP bought a new stake in Falcon’s Beyond Global in the 4th quarter valued at about $207,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in Falcon’s Beyond Global during the 4th quarter worth approximately $658,000. 38.88% of the stock is owned by institutional investors.

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.