Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 5.7% – Still a Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price traded up 5.7% during mid-day trading on Friday . The company traded as high as $7.99 and last traded at $8.1390. Approximately 5,936 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 121,129 shares. The stock had previously closed at $7.70.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FBYD shares. Weiss Ratings raised shares of Falcon’s Beyond Global from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. Wall Street Zen cut shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Falcon’s Beyond Global Price Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.66. The company has a 50-day moving average price of $11.89 and a two-hundred day moving average price of $11.67. The company has a market cap of $984.75 million, a PE ratio of -81.60 and a beta of -2.60.

Falcon’s Beyond Global (NASDAQ:FBYD) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $5.62 million for the quarter. Falcon’s Beyond Global had a negative net margin of 8.60% and a negative return on equity of 50.04%.

Institutional Trading of Falcon’s Beyond Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC bought a new stake in shares of Falcon’s Beyond Global in the 4th quarter worth about $343,000. Marshall Wace LLP bought a new position in Falcon’s Beyond Global during the fourth quarter worth $207,000. Wells Fargo & Company MN bought a new position in Falcon’s Beyond Global during the fourth quarter worth $241,000. MetLife Investment Management LLC acquired a new position in Falcon’s Beyond Global in the fourth quarter worth $130,000. Finally, Nuveen LLC acquired a new position in Falcon’s Beyond Global in the fourth quarter worth $264,000. 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.