Falcon’s Beyond Global (NASDAQ:FBYD) Trading 6.3% Higher – Here’s What Happened

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price was up 6.3% during trading on Tuesday . The company traded as high as $17.17 and last traded at $17.2850. Approximately 16,302 shares traded hands during trading, a decline of 85% from the average session volume of 105,619 shares. The stock had previously closed at $16.26.

Analyst Upgrades and Downgrades

FBYD has been the topic of several research reports. Weiss Ratings downgraded Falcon’s Beyond Global from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. Wall Street Zen upgraded 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.com, Falcon’s Beyond Global has an average rating of “Sell”.

Falcon’s Beyond Global Price Performance

The firm has a market capitalization of $2.20 billion, a PE ratio of 86.02 and a beta of -2.84. The stock’s 50 day simple moving average is $14.21 and its two-hundred day simple moving average is $11.29. 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 posted its quarterly earnings results 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 company had revenue of $6.58 million during the quarter.

Institutional Trading of Falcon’s Beyond Global

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of 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 acquiring an additional 357,589 shares during the last quarter. Invesco Ltd. purchased a new stake in shares of Falcon’s Beyond Global in the fourth quarter valued at about $2,555,000. Geode Capital Management LLC grew its holdings in shares of Falcon’s Beyond Global by 86.2% in the fourth quarter. Geode Capital Management LLC now owns 317,709 shares of the company’s stock valued at $4,770,000 after purchasing an additional 147,056 shares during the period. State Street Corp grew its holdings in shares of Falcon’s Beyond Global by 648.9% in the fourth quarter. State Street Corp now owns 153,824 shares of the company’s stock valued at $2,309,000 after purchasing an additional 133,284 shares during the period. Finally, Charles Schwab Investment Management Inc. acquired a new stake in Falcon’s Beyond Global during the fourth quarter worth about $658,000. 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.