Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 4.1% – Still a Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price shot up 4.1% during mid-day trading on Friday. The company traded as high as $6.30 and last traded at $5.82. Approximately 13,619 shares were traded during trading, a decline of 89% from the average session volume of 119,610 shares. The stock had previously closed at $5.59.

Analyst Ratings Changes

FBYD has been the topic of several analyst reports. Weiss Ratings lowered Falcon’s Beyond Global from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, September 16th. Wall Street Zen downgraded Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Down 1.0%

The firm has a 50 day simple moving average of $7.61 and a two-hundred day simple moving average of $10.18. The stock has a market capitalization of $671.05 million, a P/E ratio of -55.32 and a beta of -2.33. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

Falcon’s Beyond Global (NASDAQ:FBYD) last posted its quarterly earnings results on Thursday, November 12th. The company reported ($0.09) EPS for the quarter. Falcon’s Beyond Global had a negative return on equity of 50.04% and a negative net margin of 8.60%. The business had revenue of $7.29 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FBYD. Russell Investments Group Ltd. bought a new position in shares of Falcon’s Beyond Global in the third quarter worth about $58,000. Black Diamond Financial LLC bought a new stake in shares of Falcon’s Beyond Global during the 3rd quarter valued at approximately $85,000. HighTower Advisors LLC acquired a new position in Falcon’s Beyond Global during the 3rd quarter worth approximately $179,000. Bank of New York Mellon Corp acquired a new position in Falcon’s Beyond Global during the 2nd quarter worth approximately $1,067,000. Finally, State Street Corp lifted its stake in Falcon’s Beyond Global by 23.2% in the 3rd quarter. State Street Corp now owns 492,451 shares of the company’s stock valued at $4,161,000 after purchasing an additional 92,778 shares during the last quarter. Institutional investors and hedge funds own 38.88% of the company’s stock.

About Falcon’s Beyond Global

Falcon’s Beyond Global is an experiential entertainment company that develops and operates attractions, destinations and related media. Its activities span creative design and consulting, attraction development and technology, and the creation and licensing of entertainment brands and intellectual property. The company’s businesses include Falcon’s Creative Group, which designs themed experiences and attractions, and Falcon’s Attractions, which develops related products and technologies. Through its destinations business, Falcon’s Beyond has brought its Katmandu brand to theme parks, including locations in Punta Cana, Dominican Republic, and Mallorca, Spain.