Falcon’s Beyond Global (NASDAQ:FBYD) Shares Up 15.1% – Should You Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) rose 15.1% on Wednesday . The stock traded as high as $16.03 and last traded at $15.90. Approximately 26,342 shares changed hands during trading, a decline of 78% from the average daily volume of 120,628 shares. The stock had previously closed at $13.82.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Falcon’s Beyond Global has a consensus rating of “Sell”.

Falcon’s Beyond Global Price Performance

The company has a debt-to-equity ratio of 0.52, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 518.50 and a beta of -3.77. The stock has a 50-day moving average price of $8.73 and a 200 day moving average price of $10.86.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its quarterly earnings data on Monday, March 30th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $6.59 million during the quarter. Falcon’s Beyond Global had a net margin of 19.06% and a return on equity of 60.95%.

Institutional Investors Weigh In On Falcon’s Beyond Global

Several hedge funds have recently made changes to their positions in FBYD. Global Retirement Partners LLC acquired a new position in Falcon’s Beyond Global in the 4th quarter valued at about $30,000. Strs Ohio purchased a new position in shares of Falcon’s Beyond Global in the 4th quarter valued at approximately $39,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Falcon’s Beyond Global in the fourth quarter valued at approximately $47,000. Bank of America Corp DE raised its stake in shares of Falcon’s Beyond Global by 8,008.5% during 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 last quarter. Finally, Clear Street Group Inc. purchased a new stake in shares of Falcon’s Beyond Global during the third quarter worth approximately $53,000. Institutional investors and hedge funds 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.