Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 15.5% – Here’s Why

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares rose 15.5% on Thursday . The stock traded as high as $11.38 and last traded at $12.4760. Approximately 23,713 shares changed hands during trading, a decline of 81% from the average daily volume of 122,238 shares. The stock had previously closed at $10.80.

Wall Street Analyst Weigh In

FBYD has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research report on Monday, December 22nd. Wall Street Zen raised shares of Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Falcon’s Beyond Global Price Performance

The company’s 50-day moving average is $7.92 and its two-hundred day moving average is $10.78. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market cap of $1.65 billion, a P/E ratio of 452.33 and a beta of -3.77.

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. Falcon’s Beyond Global had a return on equity of 60.95% and a net margin of 19.06%.The firm had revenue of $6.59 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FBYD. AllGen Financial Advisors Inc. lifted its holdings in shares of Falcon’s Beyond Global by 79.8% in the third quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock worth $476,000 after acquiring an additional 19,157 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Falcon’s Beyond Global by 21.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock worth $559,000 after acquiring an additional 9,082 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Falcon’s Beyond Global by 434.9% in the third 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. Bank of America Corp DE lifted its holdings in shares of Falcon’s Beyond Global by 8,008.5% in the third quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock worth $42,000 after acquiring an additional 3,764 shares during the last quarter. Finally, Clear Street Group Inc. bought a new position in shares of Falcon’s Beyond Global in the third quarter worth about $53,000. Institutional investors own 38.88% of the company’s stock.

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.