GNUS Stock Price: Genius Brands International Inc trades flat following Roblox hype
Premium|Take advantage of 50% OFF on your first month.
Start your subscription and get access to all our original articles.
You have reached your limit of 5 free articles for this month.
Get Premium without limits for only $479.76 for the first month
Access all our articles, insights, and analysts.
UNLOCK OFFER- NASDAQ:GNUS trimmed 0.93% as the broader markets continued to rebound.
- Internet rumors have tied the Kartoon Channel to a major Roblox partnership.
- Genius recently announced a digital channel launch with ad-support.
NASDAQ:GNUS cooled off on Thursday amidst a second straight day of the NASDAQ exchange rebounding by 2.5% following its recent correction. Genius Brands fell by 0.93% to close the trading session at $2.13, which has the stock trading above its 50-day and 200-day moving averages once again. Shares are still over 80% lower than the 52-week high price of $11.73, but if you look at the silver lining, they are still well over 4,000% higher than the 52-week low price of $0.05.
Stay up to speed with hot stocks' news!
The main catalyst for the recent activity in Genius’ stock price is the rumors swirling around the internet about a potential major partnership with the gaming platform Roblox (NYSE:RBLX). The Kartoon Channel already does show some Roblox shows on its streaming app, so a full on partnership is not something that is out of the realm of possibility. Roblox itself made its much-anticipated Wall Street debut on Wednesday, so it is not surprising to see increased news coverage of the company during its initial IPO period. Any report of a partnership would undoubtedly send Genuis’ stock price soaring through the roof as Roblox is one of, if not, the most popular gaming platform amongst the ever important 8-18 age demographic.
GNUS Stock forecast
Genius Brands also announced recently it will launch a digital streaming service that will act in a linear fashion to its Kartoon Channel. The new streaming channel will be a FAST one, meaning it uses the Free Ad-Supported Streaming TV system. Genius continues to build out its streaming infrastructure, and will look to cash in on the lucrative ad revenue that comes with these channels.
- NASDAQ:GNUS trimmed 0.93% as the broader markets continued to rebound.
- Internet rumors have tied the Kartoon Channel to a major Roblox partnership.
- Genius recently announced a digital channel launch with ad-support.
NASDAQ:GNUS cooled off on Thursday amidst a second straight day of the NASDAQ exchange rebounding by 2.5% following its recent correction. Genius Brands fell by 0.93% to close the trading session at $2.13, which has the stock trading above its 50-day and 200-day moving averages once again. Shares are still over 80% lower than the 52-week high price of $11.73, but if you look at the silver lining, they are still well over 4,000% higher than the 52-week low price of $0.05.
Stay up to speed with hot stocks' news!
The main catalyst for the recent activity in Genius’ stock price is the rumors swirling around the internet about a potential major partnership with the gaming platform Roblox (NYSE:RBLX). The Kartoon Channel already does show some Roblox shows on its streaming app, so a full on partnership is not something that is out of the realm of possibility. Roblox itself made its much-anticipated Wall Street debut on Wednesday, so it is not surprising to see increased news coverage of the company during its initial IPO period. Any report of a partnership would undoubtedly send Genuis’ stock price soaring through the roof as Roblox is one of, if not, the most popular gaming platform amongst the ever important 8-18 age demographic.
GNUS Stock forecast
Genius Brands also announced recently it will launch a digital streaming service that will act in a linear fashion to its Kartoon Channel. The new streaming channel will be a FAST one, meaning it uses the Free Ad-Supported Streaming TV system. Genius continues to build out its streaming infrastructure, and will look to cash in on the lucrative ad revenue that comes with these channels.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.