Falcon's Beyond Global (NASDAQ:FBYD) Hits New 1-Year High - Here's Why

Key Points

• Falcon's Beyond Global, Inc. reached a new 52-week high of $14.76 during trading, closing at $13.84 with a trading volume of 152,109 shares.
• The company's market capitalization is $1.68 billion, with a current PE ratio of 35.19 and a net margin of 146.55% reported in their latest earnings.
• A significant portion of the company's stock, approximately 38.88%, is owned by hedge funds and institutional investors, with several increasing their stakes recently.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $14.76 and last traded at $13.84, with a volume of 152109 shares changing hands. The stock had previously closed at $11.49.

Falcon's Beyond Global Price Performance

The company has a 50 day moving average of $7.54 and a 200-day moving average of $7.32. The stock has a market capitalization of $1.81 billion, a P/E ratio of 38.11 and a beta of -1.77. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 32.66.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $2.55 million for the quarter. Falcon's Beyond Global had a negative return on equity of 82.54% and a net margin of 146.55%.

Institutional Investors Weigh In On Falcon's Beyond Global

A number of institutional investors have recently bought and sold shares of FBYD. Northern Trust Corp acquired a new stake in shares of Falcon's Beyond Global during the 4th quarter valued at about $89,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Falcon's Beyond Global during the 1st quarter valued at about $90,000. HighTower Advisors LLC acquired a new stake in shares of Falcon's Beyond Global during the 1st quarter valued at about $124,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Falcon's Beyond Global by 20.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company's stock worth $135,000 after purchasing an additional 2,806 shares during the last quarter. Finally, AllGen Financial Advisors Inc. acquired a new stake in Falcon's Beyond Global in the 1st quarter worth approximately $209,000. 38.88% of the stock is currently 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.