Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 13.3% – Time to Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price was up 13.3% during mid-day trading on Wednesday . The company traded as high as $7.05 and last traded at $7.3290. Approximately 16,038 shares were traded during trading, a decline of 87% from the average daily volume of 121,666 shares. The stock had previously closed at $6.47.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research note on Monday, December 22nd. Wall Street Zen lowered Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Falcon’s Beyond Global Stock Performance

The firm’s fifty day moving average price is $6.06 and its 200-day moving average price is $10.72. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -72.67 and a beta of -1.68. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30.

Institutional Investors Weigh In On Falcon’s Beyond Global

Hedge funds and other institutional investors have recently modified their holdings of the company. AllGen Financial Advisors Inc. grew its holdings in shares of Falcon’s Beyond Global by 79.8% during the 3rd quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock worth $476,000 after purchasing an additional 19,157 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Falcon’s Beyond Global by 21.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock valued at $559,000 after buying an additional 9,082 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Falcon’s Beyond Global by 434.9% in the third quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock worth $4,847,000 after buying an additional 357,589 shares during the last quarter. Bank of America Corp DE boosted its stake in Falcon’s Beyond Global by 8,008.5% during the 3rd quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock valued at $42,000 after acquiring an additional 3,764 shares during the last quarter. Finally, Clear Street Group Inc. bought a new stake in shares of Falcon’s Beyond Global in the 3rd quarter worth about $53,000. 38.88% of the stock is currently owned by hedge funds and other institutional investors.

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.