Falcon's Beyond Global (NASDAQ:FBYD) Stock Price Up 11% - What's Next?

Key Points

• Falcon's Beyond Global's stock price rose 11% to $12.13, with trading volume increasing by 49% from the average daily volume.
• Weiss Ratings maintained a "sell (d)" rating on the stock, contributing to a consensus rating of "Sell" among analysts.
• The company reported earnings of $0.30 per share and revenue of $2.55 million in its last quarterly earnings release, indicating a negative return on equity of 82.54%.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) shares rose 11% during trading on Thursday . The company traded as high as $11.98 and last traded at $12.13. Approximately 41,050 shares changed hands during trading, an increase of 49% from the average daily volume of 27,466 shares. The stock had previously closed at $10.93.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Falcon's Beyond Global in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Falcon's Beyond Global presently has a consensus rating of "Sell".

Falcon's Beyond Global Stock Performance

The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 30.84 and a beta of -1.49. The stock has a fifty day moving average price of $9.99 and a two-hundred day moving average price of $7.93. 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 released its quarterly earnings results on Thursday, August 14th. The company reported $0.30 earnings per share for the quarter. The company 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 Investors Weigh In On Falcon's Beyond Global

Institutional investors have recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC purchased a new stake in Falcon's Beyond Global during the first quarter valued at about $90,000. HighTower Advisors LLC purchased a new position in shares of Falcon's Beyond Global during the 1st quarter valued at approximately $124,000. AllGen Financial Advisors Inc. purchased a new position in shares of Falcon's Beyond Global during the 1st quarter valued at approximately $209,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Falcon's Beyond Global by 147.4% during 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 last quarter. Hedge funds and other institutional investors 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.

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