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

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares gapped up prior to trading on Thursday . The stock had previously closed at $10.72, but opened at $12.39. Falcon’s Beyond Global shares last traded at $12.1610, with a volume of 22,416 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have issued reports on FBYD shares. Wall Street Zen upgraded Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings upgraded Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Falcon’s Beyond Global presently has an average rating of “Hold”.

Falcon’s Beyond Global Trading Down 9.3%

The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $1.35 billion, a P/E ratio of 52.86 and a beta of -2.84. The firm’s 50-day moving average price is $15.06 and its 200 day moving average price is $11.29.

Institutional Trading of Falcon’s Beyond Global

Several institutional investors and hedge funds have recently modified their holdings of FBYD. Vanguard Group Inc. grew its holdings in Falcon’s Beyond Global by 434.9% during the third 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. Invesco Ltd. bought a new position in Falcon’s Beyond Global during the 4th quarter valued at $2,555,000. Geode Capital Management LLC lifted its stake in Falcon’s Beyond Global by 86.2% during the 4th quarter. Geode Capital Management LLC now owns 317,709 shares of the company’s stock valued at $4,770,000 after acquiring an additional 147,056 shares in the last quarter. State Street Corp lifted its stake in Falcon’s Beyond Global by 648.9% during the 4th quarter. State Street Corp now owns 153,824 shares of the company’s stock valued at $2,309,000 after acquiring an additional 133,284 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new position in Falcon’s Beyond Global during the 4th quarter worth $658,000. 38.88% of the stock is 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.