Falcon’s Beyond Global (NASDAQ:FBYD) Trading Up 14.3% – Time to Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shot up 14.3% during mid-day trading on Wednesday . The stock traded as high as $5.78 and last traded at $5.6910. 28,020 shares traded hands during trading, a decline of 78% from the average session volume of 129,111 shares. The stock had previously closed at $4.98.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wall Street Zen cut shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Up 8.0%

The stock has a 50-day moving average price of $8.68 and a 200 day moving average price of $10.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.31 and a quick ratio of 0.31.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Global Retirement Partners LLC acquired a new position in Falcon’s Beyond Global during the fourth quarter worth approximately $30,000. Strs Ohio purchased a new stake in shares of Falcon’s Beyond Global during the 4th quarter valued at $39,000. Bank of America Corp DE increased its holdings in shares of 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 worth $42,000 after buying an additional 3,764 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Falcon’s Beyond Global in the 4th quarter worth $47,000. Finally, Clear Street Group Inc. acquired a new position in Falcon’s Beyond Global in the third quarter valued at $53,000. 38.88% of the stock is currently owned by hedge funds and other 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.