Falcon’s Beyond Global (NASDAQ:FBYD) Shares Up 7.6% – Still a Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares shot up 7.6% on Tuesday. The stock traded as high as $8.67 and last traded at $8.7730. Approximately 12,719 shares were traded during trading, a decline of 90% from the average session volume of 124,527 shares. The stock had previously closed at $8.15.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Weiss Ratings downgraded Falcon’s Beyond Global from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, September 16th. Wall Street Zen lowered Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Falcon’s Beyond Global currently has an average rating of “Sell”.

Falcon’s Beyond Global Stock Up 7.4%

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a 50 day simple moving average of $8.75 and a two-hundred day simple moving average of $11.92. The stock has a market cap of $1.13 billion, a P/E ratio of -92.79 and a beta of -2.51.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.01) EPS for the quarter. The business had revenue of $5.62 million for the quarter. Falcon’s Beyond Global had a negative net margin of 8.60% and a negative return on equity of 50.04%.

Hedge Funds Weigh In On Falcon’s Beyond Global

A hedge fund recently bought a new position in Falcon’s Beyond Global stock. Bank of New York Mellon Corp acquired a new position in Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 59,538 shares of the company’s stock, valued at approximately $1,067,000. 38.88% of the stock is owned by institutional investors.

Falcon’s Beyond Global Company Profile

Falcon’s Beyond Global is an entertainment development company that creates and operates immersive attractions, theme parks, resorts and other experiential destinations. Its activities combine storytelling, technology, design and intellectual-property development to deliver entertainment experiences for visitors and audiences around the world.

The company’s businesses include Falcon’s Creative Group, which develops attractions and themed environments; Falcon’s Beyond Destinations, which focuses on destination-based entertainment and hospitality projects; and Falcon’s Beyond Studios, which develops and produces original intellectual property and related media content.