Falcon’s Beyond Global (NASDAQ:FBYD) Trading 11.4% Higher – What’s Next?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares rose 11.4% during trading on Wednesday . The company traded as high as $18.28 and last traded at $18.69. Approximately 13,902 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 46,966 shares. The stock had previously closed at $16.77.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FBYD. Wall Street Zen upgraded shares of Falcon’s Beyond Global to a “hold” rating in a research report on Saturday, October 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research note on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Falcon’s Beyond Global Trading Up 10.0%

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 business’s 50-day moving average price is $13.89 and its two-hundred day moving average price is $10.10. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of -153.75 and a beta of -2.07.

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

Institutional Trading of Falcon’s Beyond Global

A number of institutional investors and hedge funds have recently made changes to their positions in FBYD. Bank of America Corp DE raised its position in Falcon’s Beyond Global by 8,008.5% during the third quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock valued at $42,000 after purchasing an additional 3,764 shares in the last quarter. Clear Street Group Inc. acquired a new stake in shares of Falcon’s Beyond Global in the 3rd quarter valued at $53,000. HighTower Advisors LLC bought a new position in shares of Falcon’s Beyond Global in the 1st quarter valued at $124,000. AllGen Financial Advisors Inc. raised 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 buying an additional 19,157 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position 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 worth $559,000 after buying an additional 9,082 shares during the last quarter. 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.