Falcon’s Beyond Global (NASDAQ:FBYD) Shares Up 9.4% – Still a Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares shot up 9.4% on Thursday . The company traded as high as $15.00 and last traded at $15.40. 29,907 shares were traded during trading, a decline of 73% from the average session volume of 110,816 shares. The stock had previously closed at $14.08.

Analyst Ratings Changes

A number of 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 research note on Saturday, April 4th. Weiss Ratings raised shares of Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Falcon’s Beyond Global currently has an average rating of “Hold”.

Falcon’s Beyond Global Trading Up 8.6%

The business’s 50-day moving average is $13.06 and its 200 day moving average is $11.27. The firm has a market capitalization of $1.85 billion, a P/E ratio of 72.40 and a beta of -2.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.45 and a quick ratio of 0.45.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Falcon’s Beyond Global by 434.9% during the third quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock worth $4,847,000 after purchasing an additional 357,589 shares during the last quarter. Invesco Ltd. acquired a new position in shares of Falcon’s Beyond Global during the 4th quarter worth $2,555,000. Geode Capital Management LLC raised its holdings in shares of Falcon’s Beyond Global by 86.2% during the 4th quarter. Geode Capital Management LLC now owns 317,709 shares of the company’s stock worth $4,770,000 after buying an additional 147,056 shares in the last quarter. State Street Corp lifted its position in shares of Falcon’s Beyond Global by 648.9% during the 4th quarter. State Street Corp now owns 153,824 shares of the company’s stock worth $2,309,000 after buying an additional 133,284 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. acquired a new stake in Falcon’s Beyond Global in the fourth quarter valued at about $658,000. 38.88% of the stock is currently owned by institutional investors and hedge funds.

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.