Falcon's Beyond Global (NASDAQ:FBYD) Shares Up 5.6% - Should You Buy?

Key Points

• Falcon's Beyond Global (NASDAQ:FBYD) shares rose by 5.6% during mid-day trading, reaching a last traded price of $11.04, significantly higher than its prior close of $10.45.
• The company reported $2.55 million in revenue for the last quarter, with an earnings per share (EPS) of $0.30 and a negative return on equity of 82.54%.
• Recent hedge fund activity indicates strong institutional interest, with 38.88% of the stock owned by institutional investors and hedge funds.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) shares shot up 5.6% during mid-day trading on Tuesday . The company traded as high as $11.37 and last traded at $11.04. 65,469 shares traded hands during mid-day trading, an increase of 149% from the average session volume of 26,275 shares. The stock had previously closed at $10.45.

Falcon's Beyond Global Stock Performance

The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 32.66. The stock has a fifty day moving average price of $8.37 and a 200-day moving average price of $7.53. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 28.02 and a beta of -1.77.

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. Falcon's Beyond Global had a negative return on equity of 82.54% and a net margin of 146.55%.The business had revenue of $2.55 million during the quarter.

Hedge Funds Weigh In On Falcon's Beyond Global

A number of hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised 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 worth $363,000 after buying an additional 24,816 shares in the last quarter. AllGen Financial Advisors Inc. acquired a new stake in Falcon's Beyond Global during the 1st quarter valued at $209,000. HighTower Advisors LLC acquired a new stake in Falcon's Beyond Global during the 1st quarter valued at $124,000. Northern Trust Corp acquired a new stake in Falcon's Beyond Global during the 4th quarter valued at $89,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in Falcon's Beyond Global during the 1st quarter valued at $90,000. 38.88% of the stock is owned by institutional investors and hedge funds.

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.

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