Falcon's Beyond Global (NASDAQ:FBYD) Trading 7.8% Higher - Should You Buy?

Key Points

• Falcon's Beyond Global (NASDAQ:FBYD) experienced a significant increase in its stock price, rising 7.8% to close at $10.67, with trading volume up 141% from the average.
• The company reported quarterly earnings of $0.30 per share with revenue of $2.55 million, though it had a negative return on equity of 82.54%.
• Institutional investors hold 38.88% of the company's shares, with notable contributions from firms such as HighTower Advisors LLC and AllGen Financial Advisors Inc..

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s share price rose 7.8% during trading on Monday . The stock traded as high as $10.50 and last traded at $10.67. Approximately 45,907 shares were traded during trading, an increase of 141% from the average daily volume of 19,041 shares. The stock had previously closed at $9.90.

Falcon's Beyond Global Price Performance

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 company has a market capitalization of $1.78 billion, a PE ratio of 37.36 and a beta of -1.77. The firm has a 50-day moving average of $7.54 and a 200 day moving average of $7.32.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.30 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 company had revenue of $2.55 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its position in Falcon's Beyond Global by 20.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company's stock worth $135,000 after purchasing an additional 2,806 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in Falcon's Beyond Global in the first quarter worth about $90,000. Northern Trust Corp purchased a new position in Falcon's Beyond Global in the fourth quarter worth about $89,000. HighTower Advisors LLC purchased a new position in Falcon's Beyond Global in the first quarter worth about $124,000. Finally, AllGen Financial Advisors Inc. purchased a new position in Falcon's Beyond Global in the first quarter worth about $209,000. 38.88% of the stock is owned by hedge funds and other institutional investors.

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.