Falcon's Beyond Global (NASDAQ:FBYD) Stock Price Up 14.3% - Here's What Happened

Key Points

• Falcon's Beyond Global shares rose by 14.3% during trading, reaching a high of $7.00 before closing at $7.31.
• The company's recent earnings report showed $0.30 earnings per share and a net margin of 146.55%, despite a negative return on equity of -82.54%.
• Institutional investment interest is growing, with hedge funds owning 38.88% of the stock, indicating potential confidence in the company's future performance.

Shares of Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) shot up 14.3% on Monday . The stock traded as high as $7.00 and last traded at $7.31. 2,725 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 17,953 shares. The stock had previously closed at $6.39.

Falcon's Beyond Global Stock Performance

The company has a market capitalization of $1.20 billion, a P/E ratio of 25.17 and a beta of -1.77. The company's 50-day moving average is $7.04 and its two-hundred day moving average is $7.18. 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 issued its earnings results on Thursday, August 14th. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $2.55 million during the quarter. Falcon's Beyond Global had a negative return on equity of 82.54% and a net margin of 146.55%.

Institutional Trading of Falcon's Beyond Global

A number of institutional investors have recently made changes to their positions in FBYD. Northern Trust Corp purchased a new stake in shares of Falcon's Beyond Global during the fourth quarter valued at approximately $89,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Falcon's Beyond Global during the first quarter valued at $90,000. HighTower Advisors LLC bought a new position in shares of Falcon's Beyond Global during the first quarter valued at $124,000. Wealth Enhancement Advisory Services LLC boosted its position 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 buying an additional 2,806 shares during the last quarter. Finally, AllGen Financial Advisors Inc. purchased a new stake in shares of Falcon's Beyond Global during the first quarter valued at $209,000. Hedge funds and other 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.