Falcon's Beyond Global (NASDAQ:FBYD) Shares Up 15.5% - Time to Buy?

Key Points

• Shares jumped 15.5% to $13.795 on Tuesday, but the move occurred on light volume (~34,776 shares, down about 72% from the 123,097 daily average).
• Analysts currently rate the stock an average of Sell, with recent downgrades from Wall Street Zen and a reaffirmed sell from Weiss Ratings.
• Key fundamentals: $1.79B market cap, negative P/E (-126.78) and weak liquidity (quick and current ratios of 0.31), while institutional ownership is roughly 38.9% after several funds established small positions.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s stock price rose 15.5% on Tuesday . The company traded as high as $13.59 and last traded at $13.7950. Approximately 34,776 shares changed hands during trading, a decline of 72% from the average daily volume of 123,097 shares. The stock had previously closed at $11.94.

Analyst Ratings Changes

A number of brokerages recently commented on FBYD. Wall Street Zen cut Falcon's Beyond Global from a "hold" rating to a "sell" rating in a research report on Saturday, February 7th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Falcon's Beyond Global in a research report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of "Sell".

Falcon's Beyond Global Stock Up 23.8%

The firm has a 50 day simple moving average of $6.22 and a two-hundred day simple moving average of $10.79. The stock has a market capitalization of $1.79 billion, a P/E ratio of -126.78 and a beta of -1.67. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.30.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last issued its quarterly earnings results on Monday, March 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. Falcon's Beyond Global had a net margin of 10.57% and a negative return on equity of 16.17%. The business had revenue of $6.59 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN acquired a new stake in shares of Falcon's Beyond Global in the 4th quarter valued at approximately $241,000. Goldman Sachs Group Inc. acquired a new position in Falcon's Beyond Global during the 4th quarter worth approximately $211,000. Marshall Wace LLP bought a new position in Falcon's Beyond Global in the 4th quarter valued at approximately $207,000. Chokshi & Queen Wealth Advisors Inc bought a new position in Falcon's Beyond Global in the 4th quarter valued at approximately $162,000. Finally, Deutsche Bank AG acquired a new stake in Falcon's Beyond Global in the fourth quarter valued at approximately $152,000. Institutional investors and hedge funds own 38.88% of the company's stock.

About Falcon's Beyond Global

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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