Falcon's Beyond Global (NASDAQ:FBYD) Trading Up 6.7% - What's Next?

Key Points

• Falcon's Beyond Global shares increased by 6.7% to approximately $6.85, despite low trading volume, which was 93% less than its average.
• The company reported earnings of $0.30 per share for the previous quarter, with a net margin of 18.35% but a negative return on equity of 1.43%.
• Institutional investors and hedge funds own 38.88% of the company's stock, with notable acquisitions from Northern Trust Corp and others in recent quarters.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) shot up 6.7% during mid-day trading on Thursday . The company traded as high as $6.79 and last traded at $6.85. 1,328 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 19,210 shares. The stock had previously closed at $6.42.

Falcon's Beyond Global Price Performance

The company's fifty day moving average is $6.37 and its 200 day moving average is $7.09. The company has a quick ratio of 0.05, a current ratio of 0.51 and a debt-to-equity ratio of 32.66. The firm has a market cap of $766.63 million, a price-to-earnings ratio of 17.67 and a beta of -1.77.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last released 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 for the quarter.

Hedge Funds Weigh In On Falcon's Beyond Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp acquired a new stake in shares of Falcon's Beyond Global during the 4th quarter worth about $89,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Falcon's Beyond Global during the first quarter worth approximately $90,000. HighTower Advisors LLC bought a new stake in shares of Falcon's Beyond Global during the first quarter worth approximately $124,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Falcon's Beyond Global by 20.0% during 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 period. Finally, AllGen Financial Advisors Inc. acquired a new stake in Falcon's Beyond Global during the 1st quarter worth approximately $209,000. 38.88% of the stock is owned by institutional investors.

Falcon's Beyond Global Company Profile

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.