Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 10.3% – Should You Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price traded up 10.3% during mid-day trading on Thursday . The company traded as high as $10.81 and last traded at $10.88. 23,876 shares changed hands during trading, a decline of 79% from the average session volume of 111,719 shares. The stock had previously closed at $9.86.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Falcon’s Beyond Global presently has an average rating of “Sell”.

Falcon’s Beyond Global Stock Performance

The company has a 50-day simple moving average of $10.80 and a two-hundred day simple moving average of $11.01. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market capitalization of $1.37 billion, a P/E ratio of 376.00 and a beta of -2.79.

Falcon’s Beyond Global (NASDAQ:FBYD) last posted 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 for the quarter. Falcon’s Beyond Global had a net margin of 19.06% and a return on equity of 60.95%.

Institutional Trading of Falcon’s Beyond Global

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position 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 purchasing an additional 357,589 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Falcon’s Beyond Global by 86.2% in the 4th quarter. Geode Capital Management LLC now owns 317,709 shares of the company’s stock worth $4,770,000 after purchasing an additional 147,056 shares in the last quarter. Invesco Ltd. bought a new stake in shares of Falcon’s Beyond Global in the 4th quarter worth approximately $2,555,000. State Street Corp boosted its position in shares of Falcon’s Beyond Global by 648.9% in the 4th quarter. State Street Corp now owns 153,824 shares of the company’s stock worth $2,309,000 after purchasing an additional 133,284 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Falcon’s Beyond Global by 21.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock worth $559,000 after purchasing an additional 9,082 shares in the last quarter. 38.88% of the stock is owned by institutional investors.

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.