Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 19.4% – Here’s Why

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) traded up 19.4% during trading on Friday . The company traded as high as $4.45 and last traded at $4.6550. 12,807 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 131,230 shares. The stock had previously closed at $3.90.

Wall Street Analysts Forecast Growth

FBYD has been the topic of several recent research reports. Wall Street Zen downgraded Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research note on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Falcon’s Beyond Global Price Performance

The business has a fifty day moving average price of $10.99 and a 200 day moving average price of $10.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $570.19 million, a price-to-earnings ratio of -39.25 and a beta of -1.66.

Falcon’s Beyond Global (NASDAQ:FBYD) last announced its earnings results on Friday, November 14th. The company reported ($0.13) earnings per share (EPS) for the quarter. Falcon’s Beyond Global had a net margin of 10.57% and a negative return on equity of 16.17%. The company had revenue of $4.05 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC bought a new position in Falcon’s Beyond Global during the 4th quarter valued at $30,000. Strs Ohio acquired a new stake in shares of Falcon’s Beyond Global in the fourth quarter valued at $39,000. Bank of America Corp DE lifted its holdings in shares of 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 buying an additional 3,764 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new position in Falcon’s Beyond Global during the fourth quarter valued at about $47,000. Finally, Clear Street Group Inc. acquired a new position in Falcon’s Beyond Global during the third quarter worth about $53,000. Institutional investors and hedge funds 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.