Falcon's Beyond Global (NASDAQ:FBYD) Shares Up 10.9% - Here's What Happened

Key Points

• Falcon's Beyond Global shares jumped 10.9% on Thursday, trading as high as $13.31 with 36,513 shares changing hands—about a 68% decline from average session volume.
• Wall Street Zen upgraded the stock from "sell" to "hold," but MarketBeat's average rating for the company remains "Sell."
• The company's fundamentals show a high valuation and mixed liquidity: market cap ~$1.51 billion and a P/E of 416, low current and quick ratios of 0.36, reported ($0.01) EPS on $6.59 million in quarterly revenue while reporting a 19.06% net margin and 60.95% ROE.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s stock price shot up 10.9% on Thursday . The stock traded as high as $13.31 and last traded at $13.3050. 36,513 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 114,506 shares. The stock had previously closed at $12.00.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Falcon's Beyond Global from a "sell" rating to a "hold" rating in a research note on Saturday, April 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of "Sell".

Falcon's Beyond Global Stock Up 4.0%

The company has a debt-to-equity ratio of 0.52, a current ratio of 0.36 and a quick ratio of 0.36. The firm's 50 day moving average is $10.29 and its two-hundred day moving average is $11.00. The firm has a market capitalization of $1.51 billion, a P/E ratio of 416.00 and a beta of -2.79.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last released its earnings results on Monday, March 30th. The company reported ($0.01) earnings per share for the quarter. Falcon's Beyond Global had a net margin of 19.06% and a return on equity of 60.95%. The firm had revenue of $6.59 million during the quarter.

Institutional Trading of Falcon's Beyond Global

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC bought a new stake in shares of Falcon's Beyond Global during the 4th quarter worth about $30,000. Strs Ohio bought a new stake in shares of Falcon's Beyond Global during the 4th quarter worth about $39,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Falcon's Beyond Global during the 4th quarter worth about $47,000. Bank of America Corp DE boosted its holdings in shares of Falcon's Beyond Global by 8,008.5% during the 3rd quarter. Bank of America Corp DE now owns 3,811 shares of the company's stock worth $42,000 after buying an additional 3,764 shares during the period. Finally, Clear Street Group Inc. bought a new stake in shares of Falcon's Beyond Global during the 3rd quarter worth about $53,000. Institutional investors own 38.88% of the company's stock.

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. Falcon's Creative Group is a themed entertainment and master planning firm. Falcon's Beyond Destinations develops, owns, and operates global entertainment destinations from resorts, theme parks, and attractions to retail, dining and location-based entertainment venues.

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