Falcon's Beyond Global (NASDAQ:FBYD) Sees Large Volume Increase - Should You Buy?

Key Points

• Falcon's Beyond Global (NASDAQ:FBYD) experienced a 44% increase in trading volume on Tuesday, with 12,968 shares traded, as the stock price declined from $7.25 to $7.10.
• The company reported a net margin of 18.35% and a negative return on equity of 1.43%, with a recent earnings per share (EPS) of ($0.13).
• Institutional investors own 38.88% of Falcon's shares, with several hedge funds significantly increasing their holdings during the fourth quarter.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) saw strong trading volume on Tuesday . 12,968 shares traded hands during mid-day trading, an increase of 44% from the previous session's volume of 9,030 shares.The stock last traded at $7.10 and had previously closed at $7.25.

Falcon's Beyond Global Stock Down 1.4%

The firm's 50-day simple moving average is $6.40 and its 200-day simple moving average is $6.94. The firm has a market capitalization of $846.44 million, a PE ratio of 68.86 and a beta of -1.77.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last posted its quarterly 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%.

Hedge Funds Weigh In On Falcon's Beyond Global

Several hedge funds and other institutional investors have recently modified their holdings of FBYD. Geode Capital Management LLC raised its stake in shares of Falcon's Beyond Global by 22.8% during the fourth quarter. Geode Capital Management LLC now owns 51,084 shares of the company's stock valued at $397,000 after acquiring an additional 9,499 shares during the last quarter. Northern Trust Corp bought a new position in shares of Falcon's Beyond Global during the fourth quarter valued at about $89,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Falcon's Beyond Global by 20.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company's stock valued at $135,000 after acquiring an additional 2,806 shares during 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 about $90,000. Finally, AllGen Financial Advisors Inc. bought a new position in shares of Falcon's Beyond Global during the first quarter valued at about $209,000. 38.88% of the stock is 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.

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