Shares of Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 28,895 shares were traded during trading, an increase of 76% from the previous session's volume of 16,455 shares.The stock last traded at $6.14 and had previously closed at $5.40.
Falcon's Beyond Global Stock Up 18.1%
The stock has a market capitalization of $770.87 million, a P/E ratio of 62.71 and a beta of -1.65. The firm has a fifty day moving average price of $7.07 and a two-hundred day moving average price of $7.32.
Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported ($0.13) earnings per share (EPS) for the quarter. Falcon's Beyond Global had a net margin of 18.35% and a negative return on equity of 1.43%.
Institutional Investors Weigh In On Falcon's Beyond Global
A number of institutional investors and hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its position in shares of Falcon's Beyond Global by 147.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,657 shares of the company's stock valued at $363,000 after acquiring an additional 24,816 shares during the period. AllGen Financial Advisors Inc. acquired a new position in Falcon's Beyond Global in the 1st quarter valued at about $209,000. HighTower Advisors LLC acquired a new position in shares of Falcon's Beyond Global in the 1st quarter valued at $124,000. Northern Trust Corp acquired a new position in Falcon's Beyond Global during the fourth quarter worth $89,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in shares of Falcon's Beyond Global during the first quarter worth about $90,000. 38.88% of the stock is owned by institutional investors.
Falcon's Beyond Global Company Profile
(
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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