Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) shares shot up 7.6% during trading on Friday . The company traded as high as $6.21 and last traded at $6.14. 11,585 shares changed hands during trading, a decline of 34% from the average session volume of 17,639 shares. The stock had previously closed at $5.70.
Falcon's Beyond Global Price Performance
The stock has a 50-day simple moving average of $6.69 and a 200 day simple moving average of $7.21. The company has a market capitalization of $717.66 million, a PE ratio of 58.38 and a beta of -1.65.
Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.13) EPS for the quarter. Falcon's Beyond Global had a net margin of 18.35% and a negative return on equity of 1.43%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Northern Trust Corp acquired a new stake in Falcon's Beyond Global during the 4th quarter valued at approximately $89,000. Cassaday & Co Wealth Management LLC bought a new position in Falcon's Beyond Global during the 1st quarter valued at $90,000. HighTower Advisors LLC bought a new stake in shares of Falcon's Beyond Global in the 1st quarter worth about $124,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Falcon's Beyond Global by 20.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company's stock valued at $135,000 after purchasing an additional 2,806 shares in the last quarter. Finally, AllGen Financial Advisors Inc. bought a new position in shares of Falcon's Beyond Global during the first quarter worth about $209,000. Institutional investors and hedge funds own 38.88% of the company's stock.
About Falcon's Beyond Global
(
Get Free Report)
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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