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

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) saw strong trading volume on Tuesday . 58,303 shares traded hands during mid-day trading, a decline of 52% from the previous session’s volume of 122,059 shares.The stock last traded at $11.1450 and had previously closed at $13.07.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FBYD. Wall Street Zen upgraded Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings upgraded Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Falcon’s Beyond Global Stock Down 14.4%

The stock’s 50-day moving average price is $15.12 and its two-hundred day moving average price is $11.41. The stock has a market capitalization of $1.36 billion, a PE ratio of 53.43 and a beta of -2.84. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.45 and a current ratio of 0.45.

Institutional Investors Weigh In On Falcon’s Beyond Global

Several institutional investors and hedge funds have recently made changes to their positions in FBYD. Global Retirement Partners LLC purchased a new position in shares of Falcon’s Beyond Global in the fourth quarter worth $30,000. Strs Ohio purchased a new stake in Falcon’s Beyond Global in the fourth quarter worth about $39,000. Bank of America Corp DE boosted its position 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 worth $42,000 after purchasing an additional 3,764 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Falcon’s Beyond Global during the 4th quarter valued at $47,000. Finally, Clear Street Group Inc. purchased a new position in shares of Falcon’s Beyond Global in the third quarter valued at about $53,000. Institutional investors 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.