For numerous investors, finding a profitable stock company can be considerably challenging during this COVID-19 pandemic. The great news is, I’m about to share with you a company that’s been climbing its way up to the top of the chart. Media use has been increasingly high due to this pandemic which benefits this company in several ways.
Not only that but many indicating tools are showing that this business is still bullish and booming. After browsing through hundreds of companies, I stumbled upon Genius Brands International, Inc. also known as $GNUS with a ton of great news.
If you’re an investor and believe in the future of animated programming, then you might want to hear about Genius Brands International. According to the company, Genius Brands International is committed to developing and certifying animated programs that provide “content with a function” for young children to kids.
The business lies in Beverly Hills, California, and is a NASDAQ openly traded international kids’ media business that develops and certifies animated home entertainment material.
At the time of writing this post, the value of Genius Brands International, Inc. is at $1.605 per share. By the end of April 2020, the price drastically climbed its way up and continued to do so. The market cap for $GNUS is currently at $79.248 million. Does this mean that it’s a good time to invest? According to many indicators, patterns, and analysis– the company is showing signs of it being bullish.
Within the last month, GlobeNewswire published several press releases about the current state of Genius Brands International and what has occurred. Here is the news:
May 5, 2020: Launching First Toy Line At Walmart Locations
$GNUS made an announcement that they will be debuting its first toy line at Walmart shops for young kids through Master Toy Partner, Mattel. These are fundamental preschool labels that are known as the Rainbow Rangers. As of 2020, there are 4,756 Walmart locations in the United States and 11,501 stores throughout the world. Of course, this is pretty big news.
May 6, 2020: Launches “Katoon Channel” Through Popular Digital Networks
After seeing Genius International Brand’s success with their toy line at Walmart, it made sense to me why the value of $GNUS continues to climb.
The company launched what’s called “Kartoon Channel;” where it shows educational and rich content to young kids. After this launch, the growth of the company grew rapidly. The digital networks that it launched on are big-name companies such as:
- Amazon Prime
- Apple TV
- Comcast
- Cox
- SelectTV
- DISH
- Sling TV
- Tubi
- Xumo
While there are other companies, these are the ones worth mentioning. As an investor, this kind of news can surprisingly increase your dopamine.
May 7, 2020: $GNUS Announced $2,800,000 Direct Offering
This company made an announcement that they have entered into a buying agreement with long-term investors. This investment deal involves 8,000,000 shares at $0.35 per share. The offering closed on May 8, 2020.
May 13, 2020: $GNUS Raises Equity For Company Growth
According to this press release, $GNUS made a purchase agreement raising $5,400,000 through Common Stock. With the amount raised, the company is planning on funding more television episodes for Rainbow Rangers to debut on the popular television channel, Nick Jr.
May 18, 2020: $GNUS Registered $9,000,000 in Direct Offerings
After several big news, $GNUS made another announcement that they registered 9 million dollars in direct offerings. This time, it was 7,500,000 shares of $GNUS at $1.20 per share. It’s almost insane to think about especially when the price of $GNUS was at around 30 cents a month ago. This agreement helped boosted the company with $9,000,000.
Thoughts: After reading these press releases, I have confidence and believe the many reasons why this company is bullish. During this pandemic, the majority of people are staying at home due to this pandemic. With television series on digital networks, there’s no doubt that viewership will surge. As an investor, please take this piece of information as an opinion rather than financial advice. Included in this post, are the source links.
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