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

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) saw unusually-high trading volume on Friday . Approximately 105,533 shares were traded during mid-day trading, a decline of 6% from the previous session’s volume of 111,743 shares.The stock last traded at $18.9350 and had previously closed at $19.10.

Analyst Ratings Changes

FBYD has been the subject of several recent analyst reports. Weiss Ratings raised Falcon’s Beyond Global from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. Wall Street Zen raised Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Falcon’s Beyond Global Trading Down 10.1%

The firm has a 50-day moving average price of $11.54 and a 200-day moving average price of $11.12. The stock has a market cap of $2.08 billion, a PE ratio of 81.64 and a beta of -2.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.45 and a current ratio of 0.45.

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

Institutional Investors Weigh In On Falcon’s Beyond Global

Several large investors have recently bought and sold shares of FBYD. Wealth Enhancement Advisory Services LLC increased its holdings in Falcon’s Beyond Global by 21.8% in 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 in the last quarter. Vanguard Group Inc. increased its holdings in Falcon’s Beyond Global by 434.9% in the 3rd quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock worth $4,847,000 after buying an additional 357,589 shares in the last quarter. Bank of America Corp DE increased its holdings in 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 buying an additional 3,764 shares in the last quarter. Clear Street Group Inc. bought a new stake in Falcon’s Beyond Global in the 3rd quarter worth about $53,000. Finally, Strs Ohio bought a new stake in Falcon’s Beyond Global in the 4th quarter worth about $39,000. 38.88% of the stock is currently owned by institutional investors.

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.