Genius Brands International Inc (NASDAQ:GNUS) Stock Attempts To Rebound After Earnings

Global brand management firm Genius Brands International Inc (NASDAQ:GNUS), which is primarily involved in children’s entertainment nowadays, was in focus among investors on Monday.

Market Stats

On Monday, GNUS stock moved up 1.50% at $1.38 with more than 15.28 million shares, compared to its average volume of 10.13 million shares. The stock has moved within a range of $1.3600 – 1.4700 after opening trading at $1.46.

Earnings Review

The company came into focus after it announced its financial results for the quarter that had ended on September 30, 2021. In this regard, it should also be noted that the Genius Brands stock ended the day with gains of as much as 2%. The company managed to bring in revenues of as much as $1.9 million for the quarter and that reflected a massive jump of as much as 585% year on year from the $0.3 million in revenues that Genius Brands had generated in the prior year period.

On the other hand, the company also noted that the total of cash equivalents, marketable securities and cash amounted to as much a $130.2 million at the end of the third quarter.

Genius Brands also made another key announcement which investors ought to look into. The company noted that its potential acquisition of WOW! Unlimited Media was progressing as per its plans. It was revealed that once the acquisition is completed, the pro-forma revenue of Genius Brands is going to go up by as much as 1100%.

Traders Corner

GNUS stock is trading below the 20-Day and 50-Day Moving averages of $1.424 and $1.42  respectively. Moreover, the stock is trading below the 200-Day moving average of $1.69. The stock is up 4% in the past month.