Falcon’s Beyond Global (NASDAQ:FBYD) Shares Up 10.9% – Still a Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price shot up 10.9% during mid-day trading on Monday . The company traded as high as $11.01 and last traded at $10.9360. Approximately 12,194 shares were traded during trading, a decline of 90% from the average daily volume of 122,477 shares. The stock had previously closed at $9.86.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Falcon’s Beyond Global Stock Up 6.2%

The firm has a market cap of $1.27 billion, a PE ratio of -104.75 and a beta of -2.57. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.66 and a current ratio of 0.66. The company’s 50-day simple moving average is $13.53 and its two-hundred day simple moving average is $11.23.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp purchased a new stake in Falcon’s Beyond Global in the 2nd quarter worth approximately $1,067,000. Invesco Ltd. purchased a new position in shares of Falcon’s Beyond Global during the fourth quarter valued at approximately $2,555,000. Chokshi & Queen Wealth Advisors Inc bought a new position in shares of Falcon’s Beyond Global during the fourth quarter valued at approximately $162,000. Barclays PLC bought a new position in shares of Falcon’s Beyond Global during the fourth quarter valued at approximately $343,000. Finally, Marshall Wace LLP purchased a new stake in Falcon’s Beyond Global in the fourth quarter worth $207,000. Hedge funds and other institutional investors own 38.88% of the company’s stock.

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.