Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 6.2% – What’s Next?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price rose 6.2% during trading on Tuesday . The company traded as high as $15.50 and last traded at $15.67. Approximately 49,044 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 106,981 shares. The stock had previously closed at $14.76.

Analyst Upgrades and Downgrades

FBYD has been the subject of several recent analyst reports. Wall Street Zen raised Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings downgraded Falcon’s Beyond Global from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Falcon’s Beyond Global Trading Up 8.1%

The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 76.31 and a beta of -2.84. The company has a fifty day moving average price of $13.75 and a 200-day moving average price of $11.37. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its quarterly earnings data 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%.

Hedge Funds Weigh In On Falcon’s Beyond Global

Several institutional investors and hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC acquired a new stake in shares of Falcon’s Beyond Global during the 4th quarter valued at about $30,000. Strs Ohio acquired a new stake in shares of Falcon’s Beyond Global during the 4th quarter valued at about $39,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Falcon’s Beyond Global during the 4th quarter valued at about $47,000. Bank of America Corp DE grew its position in shares of 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 period. Finally, Clear Street Group Inc. acquired a new stake in shares of Falcon’s Beyond Global during the 3rd quarter valued at about $53,000. Institutional investors and hedge funds 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.