Falcon’s Beyond Global (NASDAQ:FBYD) Shares Up 5.5% – Here’s What Happened

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price shot up 5.5% during trading on Friday . The company traded as high as $5.49 and last traded at $5.59. 14,436 shares traded hands during trading, a decline of 89% from the average session volume of 128,891 shares. The stock had previously closed at $5.30.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. 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 upgraded Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Falcon’s Beyond Global Price Performance

The company has a debt-to-equity ratio of 0.30, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $722.73 million, a price-to-earnings ratio of -49.75 and a beta of -1.80. The business’s fifty day simple moving average is $13.21 and its 200 day simple moving average is $11.01.

Falcon’s Beyond Global (NASDAQ:FBYD) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.13) earnings per share (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

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position 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 during the period. AllGen Financial Advisors Inc. raised its holdings in shares of Falcon’s Beyond Global by 79.8% in the 3rd 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 raised 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 worth $559,000 after purchasing an additional 9,082 shares during the last quarter. Clear Street Group Inc. purchased a new stake in Falcon’s Beyond Global in the 3rd quarter valued at $53,000. Finally, Bank of America Corp DE raised 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 valued at $42,000 after purchasing an additional 3,764 shares during the last quarter. 38.88% of the stock is owned by institutional investors and hedge funds.

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.