Falcon’s Beyond Global (NASDAQ:FBYD) Sees Large Volume Increase – Time to Buy?

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) saw an uptick in trading volume on Friday . 32,407 shares changed hands during trading, a decline of 31% from the previous session’s volume of 47,249 shares.The stock last traded at $15.27 and had previously closed at $18.36.

Analyst Upgrades and Downgrades

FBYD has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a report on Monday, December 22nd. Wall Street Zen upgraded shares of Falcon’s Beyond Global to a “hold” rating in a research note on Saturday, October 25th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Falcon’s Beyond Global Stock Performance

The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of -141.33 and a beta of -2.07. The company’s fifty day simple moving average is $14.29 and its 200 day simple moving average is $10.31. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.30.

Falcon’s Beyond Global (NASDAQ:FBYD) last announced its earnings results on Friday, November 14th. The company reported ($0.13) EPS for the quarter. Falcon’s Beyond Global had a negative return on equity of 16.17% and a net margin of 10.57%.The company had revenue of $4.05 million for the quarter.

Hedge Funds Weigh In On Falcon’s Beyond Global

A number of large investors have recently made changes to their positions in FBYD. Bank of America Corp DE boosted its stake in Falcon’s Beyond Global by 8,008.5% in the 3rd quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock valued at $42,000 after purchasing an additional 3,764 shares during the period. Clear Street Group Inc. bought a new position in Falcon’s Beyond Global during the 3rd quarter worth $53,000. HighTower Advisors LLC acquired a new stake in shares of Falcon’s Beyond Global during the first quarter worth $124,000. AllGen Financial Advisors Inc. boosted its position 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 valued at $476,000 after acquiring an additional 19,157 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake 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 valued at $559,000 after acquiring an additional 9,082 shares in the last quarter. Institutional investors own 38.88% of the company’s stock.

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.