Genius Brands International (GNUS) Stock Sees Profit Booking At Higher Level: What Next?

If a stock records a sharp drop then it can often be an opportunity for investors as well and hence, it might be a good move for investors to take a look at the Genius Brands International Inc (NASDAQ:GNUS) stock.

Over the course of the past week, the stock has gone through a pretty tough time and tanked by as much as 10%. However, it might be the right time for investors to take a closer look at the company’s business and then make up their minds about the Genius Brands stock. The company is involved in the children’s entertainment industry and boasts of a considerably large catalogue of offering.

More importantly, the company is expanding its offering in terms of content and that is something that investors ought to keep in mind when considering the Genius Brands stock. Earlier on this year, the stock had also been targeted by retail investors from Reddit communities and that had seen the price soaring at a remarkable rate.

However such rallied don’t last and it didn’t in case of Genius Brands either. Recently, the company announced the launch of the Kartoon Channel and that could be another important revenue stream. Last but not the least, Genius Brands had managed to boost its revenues threefold in the matter of one year and hence, it could be a stock worth watching.

Market Reaction:

On Tuesday, GNUS stock fell 1.40% at $1.74 with more than 5.34 million shares, compared to its average volume of 12.62 million shares. The stock had moved within a range of $1.7100 – 1.8050 after opening the trade at $1.78. Over the past 52-week, the stock has been trading within a range of $0.9490 – 3.1200.