Falcon’s Beyond Global (NASDAQ:FBYD) Trading Up 5.5% After Analyst Upgrade

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price rose 5.5% during trading on Friday after Wall Street Zen upgraded the stock from a sell rating to a hold rating. The company traded as high as $6.25 and last traded at $6.36. Approximately 2,847 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 114,023 shares. The stock had previously closed at $6.03.

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Falcon’s Beyond Global in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Falcon’s Beyond Global presently has an average rating of “Sell”.

Institutional Investors Weigh In On Falcon’s Beyond Global

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Falcon’s Beyond Global by 434.9% in the 3rd quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock valued at $4,847,000 after purchasing an additional 357,589 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Falcon’s Beyond Global by 21.8% during the third 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. AllGen Financial Advisors Inc. grew its holdings in 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 purchasing an additional 19,157 shares during the last quarter. Clear Street Group Inc. purchased a new position in shares of Falcon’s Beyond Global in the third quarter valued at $53,000. Finally, Bank of America Corp DE raised its stake in shares of Falcon’s Beyond Global by 8,008.5% during the 3rd quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock worth $42,000 after buying an additional 3,764 shares during the last quarter. Hedge funds and other institutional investors own 38.88% of the company’s stock.

Falcon’s Beyond Global Stock Up 14.3%

The firm has a market capitalization of $834.10 million, a PE ratio of -57.42 and a beta of -1.80. The firm’s 50-day moving average is $13.90 and its 200 day moving average is $11.03. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.31 and a current ratio of 0.31.

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

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.