Genius Brands (GNUS) Stock rebound After The Latest Fall?
4:44 pm Monday, May 17th, 2021
There are plenty of investors who are always on the lookout for penny stocks and at this point, one of the more popular penny stocks in the market is that of Genius Brands International Inc (NASDAQ:GNUS).
For many months, investors might have been waiting for a suitable entry point into the Genius Brands stock and experts believe that it could well be the right time now to consider the stock. There are certain factors that need to be considered with regards to the possibility of strong performance from the stock in the near future. One of the major developments in recent times has been the launch of the new show Stan Lee’s Superhero Kindergarten from Genius Brands.
The show proved to be a major success and has put Genius Brands on the map for investors looking into entertainment stocks. In addition to that, the partnership struck up by the company with Cinedigm is believed to be another important factor behind a certain degree of optimism about the company’s future.
On the other hand, investors also need to consider the possibility of Genius Brands becoming a target for acquisition. If that happens then it could lead to strong gains for the company’s stock.
As per data available up until May 3, the show Stan Lee’s Superhero Kindergarten has managed to clock as many as 9 million views since it released towards the end of April. Additionally, the popularity of the show has also resulted in strong growth in Genius Brands’ user base.
The company pointed out in a report that the number of unique users went up by as much as 1841% week over week. In addition to that, the number of app installations also went up by 465.9% week over week. The deal with Cinedigm has allowed the company to add a number of new titles on its platform as well.
