Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 9% – Time to Buy?

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shot up 9% during trading on Wednesday . The company traded as high as $14.38 and last traded at $14.47. 35,945 shares were traded during trading, a decline of 67% from the average session volume of 110,507 shares. The stock had previously closed at $13.27.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Falcon’s Beyond Global from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday. Wall Street Zen raised shares of Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Up 7.5%

The firm’s fifty day moving average is $11.13 and its 200-day moving average is $11.04. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.45 and a current ratio of 0.45. The company has a market capitalization of $1.73 billion, a P/E ratio of 68.62 and a beta of -2.79.

Falcon’s Beyond Global (NASDAQ:FBYD) last released its quarterly earnings data on Monday, March 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. Falcon’s Beyond Global had a net margin of 51.31% and a negative return on equity of 8.25%. The firm had revenue of $6.59 million during the quarter.

Institutional Investors Weigh In On Falcon’s Beyond Global

A number of institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC acquired a new stake in shares of Falcon’s Beyond Global in the fourth quarter valued at about $30,000. Strs Ohio bought a new stake in Falcon’s Beyond Global in the fourth quarter valued at approximately $39,000. Bank of America Corp DE increased its position in Falcon’s Beyond Global by 8,008.5% during the 3rd 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 during the period. Police & Firemen s Retirement System of New Jersey acquired a new stake in Falcon’s Beyond Global during the 4th quarter valued at approximately $47,000. Finally, Clear Street Group Inc. bought a new position in Falcon’s Beyond Global during the 3rd quarter worth approximately $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.