Home Trending Stocks Why Genius Brands International, Inc. (GNUS) stock is rising today?

Why Genius Brands International, Inc. (GNUS) stock is rising today?

Shares of the Genius Brands International, Inc. (GNUS) stock were rising in the pre-market today on May 24, 2021, despite no specific activity by Genius Brands. GNUS stock price saw a push of 1.26% to reach $1.61 a share at the time of this writing. At the previous closing, GNUS stock price closed at $1.59 per share recording no loss or gain. Let’s discuss more the penny stock.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

What’s happening?

Genius Brands International, Inc is famous for creating content for kids around the globe. There seems to be no news related to GNUS stock to explain the reason behind this bull. No announcement by the GNUS stock or earning report has been in the recent news to justify this rise. No current analysts’ upgrades or increased per share targeted price of GNUS stock has been done. So, it is better to look at some recent events of the GNUS stock right now.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Read More

First Quarter 2021 Performance:

GNUS stock on May 18, 2021, announced its first-quarter 2021 financial results according to which its revenue for the reported quarter skyrocketed 218% to reach $1.1 million as compared to $335,000 in the same quarter of the previous year. The acquisition of ChizComm Ltd. and ChizComm Beacon Media significantly contributed to the revenue of the first quarter of 2021. However, the revenue from the primary sources decreased by 16% over the year.

As of March 31, 2021, Genius stock had cash and cash equivalents of $143.6 million and no long-term debt. In the first quarter, GNUS stock received  $57 million resulting from the exercise of warrants partially offset by the  $69.1 million non-cash expense of the grant of new warrants.

 Recent Developments:

“Stan Lee’s Superhero Kindergarten” from the Kartoon! Channel had more than 16 million views as of May 18, 2021, which means  3.2 million average views per episode.

In April 2021, GNUS stock signed a digital content partnership with Cinedigm Corp according to which popular global films and series would be offered by the latter.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Conclusion:

GNUS stock is hot among the investors in today’s pre-market although there is no specific reason attributed to it. No doubt that views of its Kartoon! Channel has exceeded all the expectations and would likely grow more in the future. Strong revenue in the first quarter of 2021 financial results and a strong cash balance with no long-term debt suggest that GNUS stock is in a good position for further growth. Hence it can be a good bet in the future.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Comstock Mining Inc. (LODE) stock soar during pre-market trading. What’s happening?

Comstock Mining Inc. (NASDAQ: LODE) stock gained by 1.14% at last close while the LODE stock price surged by 3.10% in the pre-market trading...

Why MediciNova Inc (MNOV) stock facing negativity since Monday’s after-hours?

MediciNova Inc. (MNOV) shares lost 5.71% in after-hours on Monday, June 21, 2021, and the plummeting continues in the pre-market session on Tuesday as...

Here is why Sanderson Farms Inc. (SAFM) stock rallied on Monday?

Sanderson Farms Inc. (SAFM) shares surged 10.16% in after-hours on Monday, June 21, 2021, and close the day at $183.50 per share. Earlier in...

Torchlight Energy Resources Inc. (TRCH) stock surged during current market trading. Here’s to know why?

Torchlight Energy Resources Inc. (NASDAQ: TRCH) stock gained by 41.33% in the current market trading session. Torchlight Energy Resources is a vast growing oil...

The9 Ltd. (NCTY) stock declined during pre-market trading. Here’s the update

The9 Ltd. (NASDAQ: NCTY) stock plunged by 12% at the last close while the NCTY stock price fell by 7.03% during pre-market trading. The9...

Comstock Mining Inc. (LODE) stock soar during pre-market trading. What’s happening?

Comstock Mining Inc. (NASDAQ: LODE) stock gained by 1.14% at last close while the LODE stock price surged by 3.10% in the pre-market trading...

Vinco Ventures, Inc. (BBIG) stock surged during pre-market trading, given no recent news.

Vinco Ventures, Inc. (NASDAQ: BBIG) stock gained by 11.75% at last close whereas the BBIG surged by 7.38% in the pre-market trading. Vinco Ventures...

Why MediciNova Inc (MNOV) stock facing negativity since Monday’s after-hours?

MediciNova Inc. (MNOV) shares lost 5.71% in after-hours on Monday, June 21, 2021, and the plummeting continues in the pre-market session on Tuesday as...

Related News

Comstock Mining Inc. (LODE) stock soar during pre-market trading. What’s happening?

Comstock Mining Inc. (NASDAQ: LODE) stock gained by 1.14% at last close while the LODE stock price surged by 3.10% in the pre-market trading...

Why MediciNova Inc (MNOV) stock facing negativity since Monday’s after-hours?

MediciNova Inc. (MNOV) shares lost 5.71% in after-hours on Monday, June 21, 2021, and the plummeting continues in the pre-market session on Tuesday as...

Here is why Sanderson Farms Inc. (SAFM) stock rallied on Monday?

Sanderson Farms Inc. (SAFM) shares surged 10.16% in after-hours on Monday, June 21, 2021, and close the day at $183.50 per share. Earlier in...

Torchlight Energy Resources Inc. (TRCH) stock surged during current market trading. Here’s to know why?

Torchlight Energy Resources Inc. (NASDAQ: TRCH) stock gained by 41.33% in the current market trading session. Torchlight Energy Resources is a vast growing oil...

The9 Ltd. (NCTY) stock declined during pre-market trading. Here’s the update

The9 Ltd. (NASDAQ: NCTY) stock plunged by 12% at the last close while the NCTY stock price fell by 7.03% during pre-market trading. The9...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam