Falcon's Beyond Global (NASDAQ:FBYD) Shares Up 14.3% - Time to Buy?

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.

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

Falcon's Beyond Global Trading Up 25.2%

The company has a debt-to-equity ratio of 32.66, a current ratio of 0.51 and a quick ratio of 0.51. The business's 50-day simple moving average is $6.75 and its 200-day simple moving average is $7.13. The company has a market cap of $968.40 million, a price-to-earnings ratio of 20.34 and a beta of -1.77.

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

Institutional Investors Weigh In On Falcon's Beyond Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC lifted its holdings 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 buying an additional 24,816 shares during the period. HighTower Advisors LLC acquired a new position in shares of Falcon's Beyond Global during the 1st quarter valued at $124,000. Northern Trust Corp bought a new stake in shares of Falcon's Beyond Global during the 4th quarter valued at about $89,000. Cassaday & Co Wealth Management LLC acquired a new stake in Falcon's Beyond Global during the first quarter valued at approximately $90,000. Finally, AllGen Financial Advisors Inc. bought a new stake in shares of Falcon's Beyond Global during the 1st quarter worth $209,000. 38.88% of the stock is currently owned by hedge funds and other 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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