Falcon’s Beyond Global (NASDAQ:FBYD) Shares Climb 7.6% – Still a Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) rose 7.6% on Tuesday. The stock traded as high as $8.67 and last traded at $8.7730. Approximately 12,719 shares were traded during trading, a decline of 90% from the average daily volume of 124,527 shares. The stock had previously closed at $8.15.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FBYD shares. Weiss Ratings lowered Falcon’s Beyond Global from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, September 16th. Wall Street Zen lowered shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Falcon’s Beyond Global Price Performance

The stock’s 50 day simple moving average is $8.81 and its two-hundred day simple moving average is $11.89. The firm has a market capitalization of $1.08 billion, a PE ratio of -88.45 and a beta of -2.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.66 and a current ratio of 0.66.

Falcon’s Beyond Global (NASDAQ:FBYD) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.01) EPS for the quarter. The company had revenue of $5.62 million for the quarter. Falcon’s Beyond Global had a negative return on equity of 50.04% and a negative net margin of 8.60%.

Institutional Investors Weigh In On Falcon’s Beyond Global

A hedge fund recently raised its stake in Falcon’s Beyond Global stock. State Street Corp raised its position in Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) by 88.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 399,673 shares of the company’s stock after purchasing an additional 187,164 shares during the quarter. State Street Corp owned 0.33% of Falcon’s Beyond Global worth $7,162,000 as of its most recent SEC filing. 38.88% of the stock is currently owned by hedge funds and other institutional investors.

About Falcon’s Beyond Global

Falcon’s Beyond Global is an entertainment development company that creates and operates immersive attractions, theme parks, resorts and other experiential destinations. Its activities combine storytelling, technology, design and intellectual-property development to deliver entertainment experiences for visitors and audiences around the world.

The company’s businesses include Falcon’s Creative Group, which develops attractions and themed environments; Falcon’s Beyond Destinations, which focuses on destination-based entertainment and hospitality projects; and Falcon’s Beyond Studios, which develops and produces original intellectual property and related media content.