In short, GNUS stock is exploding higher because Genius Brands, a small children’s entertainment company, is trying to become “the Netflix for kids,” through its soon-to-be-launched Kartoon Channel. The channel will debut on services like Roku (NASDAQ: ROKU).
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Why Genius Brands Stock Was Up Big Today Shares of Genius Brands (NASDAQ: GNUS) jumped 9.2% in today's trading session, according to data from S&P Global Market Intelligence. The children's entertainment stock gained ground amid momentum for the broader market.
Is GNUS stock a good buy?
Will GNUS go up?
The 1 analysts offering 12-month price forecasts for Genius Brands International Inc have a median target of 5.00, with a high estimate of 5.00 and a low estimate of 5.00. The median estimate represents a +604.23% increase from the last price of 0.71.
Will GNUS stock go up tomorrow?
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Munafa value: 35 as on 29 Fri Apr 2022.
| Downside target | 0.68 |
|---|---|
| Upside target | 0.71 |
| Upside target | 0.72 |
| Upside target | 0.73 |
| Upside target | 0.74 |
Are Genius Brands undervalued?
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The 2 analysts offering 12-month price forecasts for Ideanomics Inc have a median target of 2.00, with a high estimate of 3.00 and a low estimate of 1.00. The median estimate represents a +213.23% increase from the last price of 0.64.
What brands own genius?
| Type | Public |
|---|---|
| Brands | Kid Genius Baby Genius Rainbow Rangers Spacepop |
| Services | Licensing |
| Owners | Andy Heyward (Majority stake) Sony Pictures Home Entertainment (7%) 32 Ventures |
| Divisions | Genius Brands Music Kartoon Channel Baby Genius Stan Lee Universe |
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What is NAKD stock?
| 52-Week High | 51.00 |
|---|---|
| Fibonacci 50% | 26.80 |
| Fibonacci 38.2% | 21.09 |
| Last Price | 2.61 |
| 52-Week Low | 2.60 |
Is Genius Brands profitable?
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Genius Brands International Inc
Genius Brands International, Inc. is a content and brand management company, which engages in developing, producing, marketing, and licensing branded children’s entertainment properties and consumer products for media distribution and retail channels.
The kids' media company is now debt-free
Joe honed his investing skills as an analyst for Stock Advisor, Supernova, and Fool One. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns during its existence.
What happened
Shares of Genius Brands International ( NASDAQ:GNUS) popped on Tuesday after the children's entertainment company said it reached an agreement with holders of its convertible notes that would eliminate its remaining debt.
So what
Genius Brands' senior secured convertible-debt holders will pre-pay $4 million in investor note obligations three months early and convert all of their $13.75 million of debt to shares of stock. Genius Brands also agreed to register for resale the stock issued upon the note conversions.
Now what
Questions remain as to whether Genius Brands' new digital network Kartoon Channel! will ultimately be profitable enough to justify its stock's lofty valuation. But while this recent deal with debtholders will dilute shareholders, it does help to strengthen Genius Brands' financial position.
Looking Closer
From a distance, Genius Brands seems to have it all. The company itself says its strategies has “ three pillars “: a growing portfolio of brands, global consumer products and distribution, and an owned distribution platform.
A Long History
Indeed, in 2020, Genius Brands on the whole generated just $2.5 million in revenue. The figure was down 58% year-over-year. And even if you back out non-cash share-based compensation, Genius spent more than $11 million to generate that revenue.
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