Falcon’s Beyond Global (NASDAQ:FBYD) Shares Up 10.4% – Still a Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares traded up 10.4% during mid-day trading on Wednesday . The stock traded as high as $19.50 and last traded at $19.7820. 201,630 shares traded hands during mid-day trading, an increase of 66% from the average session volume of 121,694 shares. The stock had previously closed at $17.92.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FBYD. Wall Street Zen upgraded shares of Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings upgraded shares of Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Falcon’s Beyond Global Stock Performance

The business’s fifty day moving average price is $14.81 and its 200-day moving average price is $11.22. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.45 and a current ratio of 0.45. The stock has a market cap of $2.41 billion, a PE ratio of 94.09 and a beta of -2.84.

Falcon’s Beyond Global (NASDAQ:FBYD) last announced its quarterly earnings results on Monday, March 30th. The company reported ($0.01) EPS for the quarter. The company had revenue of $6.58 million during the quarter. Falcon’s Beyond Global had a negative return on equity of 8.25% and a net margin of 51.31%.

Institutional Investors Weigh In On Falcon’s Beyond Global

Large investors have recently added to or reduced their stakes in the stock. Invesco Ltd. bought a new position in shares of Falcon’s Beyond Global during the 4th quarter valued at $2,555,000. Chokshi & Queen Wealth Advisors Inc bought a new stake in shares of Falcon’s Beyond Global in the fourth quarter worth $162,000. Barclays PLC bought a new stake in shares of Falcon’s Beyond Global in the fourth quarter worth $343,000. Marshall Wace LLP purchased a new stake in Falcon’s Beyond Global during the fourth quarter valued at $207,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Falcon’s Beyond Global during the fourth quarter valued at $658,000. 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.