Falcon’s Beyond Global (NASDAQ:FBYD) Sees Large Volume Increase – Time to Buy?

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) saw an uptick in trading volume on Friday . 32,407 shares were traded during mid-day trading, a decline of 31% from the previous session’s volume of 47,249 shares.The stock last traded at $15.27 and had previously closed at $18.36.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FBYD shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research report on Monday. Wall Street Zen raised Falcon’s Beyond Global to a “hold” rating in a research report on Saturday, October 25th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Falcon’s Beyond Global Stock Performance

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 stock has a fifty day moving average price of $14.16 and a two-hundred day moving average price of $10.21. The company has a market cap of $1.99 billion, a P/E ratio of -137.71 and a beta of -2.07.

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

Institutional Trading of Falcon’s Beyond Global

Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its holdings in shares of Falcon’s Beyond Global by 8,008.5% in the 3rd quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock worth $42,000 after purchasing an additional 3,764 shares in the last quarter. Clear Street Group Inc. bought a new stake in Falcon’s Beyond Global during the third quarter worth approximately $53,000. HighTower Advisors LLC acquired a new position in Falcon’s Beyond Global in the first quarter worth approximately $124,000. AllGen Financial Advisors Inc. increased its holdings in shares of Falcon’s Beyond Global by 79.8% in the third quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock valued at $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 valued at $559,000 after acquiring an additional 9,082 shares during the last quarter. 38.88% of the stock is owned by institutional investors and hedge funds.

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.