Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 7.7% – Time to Buy?

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) traded up 7.7% during mid-day trading on Tuesday . The company traded as high as $7.43 and last traded at $7.41. 76,066 shares traded hands during trading, a decline of 41% from the average session volume of 129,113 shares. The stock had previously closed at $6.88.

Analysts Set New Price Targets

A number of analysts have weighed in on FBYD shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research note on Monday, December 22nd. Wall Street Zen cut shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Falcon’s Beyond Global has an average rating of “Sell”.

Falcon’s Beyond Global Price Performance

The stock has a fifty day moving average price of $8.06 and a 200-day moving average price of $10.75. The firm has a market capitalization of $922.49 million, a PE ratio of -63.50 and a beta of -1.68. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.31 and a current ratio of 0.31.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. purchased a new position in Falcon’s Beyond Global in the fourth quarter worth $211,000. Deutsche Bank AG purchased a new position in Falcon’s Beyond Global during the 4th quarter worth $152,000. Nuveen LLC acquired a new position in Falcon’s Beyond Global during the 4th quarter valued at about $264,000. MetLife Investment Management LLC acquired a new stake in Falcon’s Beyond Global in the fourth quarter worth about $130,000. Finally, Wells Fargo & Company MN purchased a new stake in shares of Falcon’s Beyond Global during the fourth quarter worth about $241,000. Institutional investors 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.