Genius Brands (GNUS) Stock Sees Value Buying At Lower Level: Now What?
3:20 pm Saturday, September 04th, 2021
Over the course of the past few months, the Genius Brands (NASDAQ:GNUS) stock emerged as a significant mover, and back in June, it hit $2.30 a share. However, since then it has undergone a correction and the shares have gone down considerable.
In this situation, it is important for investors to figure out if it might be a good idea to be bullish about the Genius Brands stock or not. In this context, it is necessary to point out that although the stock price has declined the company has managed to generate continued growth for most of its top shows. On the other hand, the reviews for these shows have also been quite good and that indicates that the audience numbers might continue to grow.
It should also be noted that there are experts who believe that Genius Brands could also attract acquisition interest if its shows continue to perform well and that is another factor that needs to be considered. Back in April, the company had launched the show Stan Lee’s Superhero Kindergarten and had clocked as many as 40 million views in total in July.
The other show from Genius Brands that is going places at this point is Rainbow Rangers, which is currently available on many of the more popular streaming platforms like Amazon Prime and Paramount Plus among others. Considering the sort of numbers that the company is generating from its shows, it can be argued that Genius Brands could eventually be an acquisition target. Hence, investors could keep an eye on the stock despite the downturn.
