Falcon's Beyond Global (NASDAQ:FBYD) Sees Large Volume Increase - Here's What Happened

Key Points

• Falcon's Beyond Global experienced a 97% increase in trading volume, with approximately 53,136 shares traded, and the stock's price slightly rose to $9.49.
• Weiss Ratings has restated a "sell (d)" rating for Falcon's Beyond Global, with the overall average rating for the stock categorized as "Sell".
• The company reported a net margin of 146.55% and a negative return on equity of 82.54% in its latest earnings report.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 53,136 shares traded hands during trading, an increase of 97% from the previous session's volume of 27,010 shares.The stock last traded at $9.49 and had previously closed at $9.46.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "sell (d)" rating on shares of Falcon's Beyond Global in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Falcon's Beyond Global currently has an average rating of "Sell".

Falcon's Beyond Global Price Performance

The company has a debt-to-equity ratio of 32.66, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market capitalization of $1.30 billion, a P/E ratio of 27.34 and a beta of -1.49. The stock's 50 day simple moving average is $9.80 and its 200 day simple moving average is $7.88.

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

Hedge Funds Weigh In On Falcon's Beyond Global

A number of hedge funds and other institutional investors have recently modified their holdings of FBYD. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Falcon's Beyond Global by 147.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,657 shares of the company's stock valued at $363,000 after purchasing an additional 24,816 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of Falcon's Beyond Global during the first quarter valued at approximately $90,000. AllGen Financial Advisors Inc. bought a new position in shares of Falcon's Beyond Global during the first quarter valued at approximately $209,000. Finally, HighTower Advisors LLC bought a new position in shares of Falcon's Beyond Global during the first quarter valued at approximately $124,000. 38.88% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.