Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 6% – Here’s Why

by · The Cerbat Gem

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD – Get Free Report) traded up 6% during mid-day trading on Monday . The company traded as high as $11.76 and last traded at $11.92. 4,666 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 37,228 shares. The stock had previously closed at $11.25.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wall Street Zen raised shares of Falcon’s Beyond Global to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Falcon’s Beyond Global in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Falcon’s Beyond Global currently has a consensus rating of “Sell”.

View Our Latest Stock Analysis on Falcon’s Beyond Global

Falcon’s Beyond Global Trading Up 11.7%

The company’s fifty day simple moving average is $13.57 and its two-hundred day simple moving average is $9.69. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of -104.96 and a beta of -2.10. 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 – Get Free Report) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.13) earnings per share (EPS) for the quarter. The firm had revenue of $4.05 million during the quarter. Falcon’s Beyond Global had a net margin of 10.57% and a negative return on equity of 16.17%.

Institutional Investors Weigh In On Falcon’s Beyond Global

Large investors have recently modified their holdings of the business. Clear Street Group Inc. bought a new position in shares of Falcon’s Beyond Global during the 3rd quarter valued at about $53,000. Bank of America Corp DE increased its stake in 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 purchasing an additional 3,764 shares in the last quarter. Vanguard Group Inc. raised its holdings in Falcon’s Beyond Global by 434.9% during the 3rd quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock worth $4,847,000 after buying an additional 357,589 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in 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 buying an additional 9,082 shares in the last quarter. Finally, AllGen Financial Advisors Inc. boosted 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 valued at $476,000 after buying an additional 19,157 shares during the period. 38.88% of the stock is currently owned by institutional investors.

About Falcon’s Beyond Global

(Get Free Report)

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.

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