Falcon’s Beyond Global (NASDAQ:FBYD) Shares Gap Up to $8.75

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price gapped up prior to trading on Friday . The stock had previously closed at $8.75, but opened at $9.38. Falcon’s Beyond Global shares last traded at $9.38, with a volume of 403 shares changing hands.

Falcon’s Beyond Global Price Performance

The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.03 and a current ratio of 0.04. The firm’s 50 day moving average price is $9.78.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Falcon’s Beyond Global stock. Wolverine Asset Management LLC purchased a new position in Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,016 shares of the company’s stock, valued at approximately $49,000. Hedge funds and other institutional investors own 38.88% of the company’s stock.

Falcon’s Beyond Global Company Profile

Falcon's Beyond Global, Inc operates as an entertainment powerhouse and innovator in storytelling. The company develops, owns, and operates hotels, theme parks, and retail, dining, and entertainment venues. It also provides master planning, media and audio production, project management, experiential technologies, attraction hardware development, procurement, and sales for the themed entertainment industry.