Genius Brands International, Inc. (NASDAQ:GNUS) is one of the stocks that are grabbing investor focus today: skyrocketing 6.63% or (0.11 points) to $1.79 from its previous close of $1.68. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 130457 contracts so far this session. GNUS shares had a relatively better volume day versus average trading capacity of 51.43 million shares, but with a 8.84 million float and a -13.92% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for GNUS stock indicates that the average analyst price target is $8 per share. This means the stock has a potential increase of 346.93% from where the GNUS share price has been trading recently which is between $1.04 and $1.77.
The shorts are climbing into Genius Brands International, Inc. (GNUS) stock. The latest set of short interest data was released on 30 April 2019, and the numbers show a rise in short interest in GNUS shares. While short interest still represents only 1.91% of GNUS’s float, the number of shares shorted have risen by 2570. The number of shares shorted advanced to 171101 shares, up from 168531 shares during the preceding fortnight. With average daily trading volumes at 31094 shares, days to cover increased to about 3.02618 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Genius Brands International Achieves Thirteen-Fold Increase in Revenue to $1.2 Million for The First Quarter of 2019” and dated May 17, 2019.
Looking at the current readings for Genius Brands International, Inc., the two-week RSI stands at 40.97. This figure suggests that GNUS stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current GNUS readings is similarly very revealing as it has a stochastic reading of 36.22% at this stage. This figure means that GNUS share price today is being neutral.
Technical chart claims that Genius Brands International, Inc. (GNUS) would settle between $1.95/share to $2.23/share level. However, if the stock price goes below the $1.22 mark, then the market for Genius Brands International, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $0.77 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.11. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
GNUS equity has an average rating of 2, with the figure leaning towards a bullish end. 1 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 1 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 1 analysts rated Genius Brands International, Inc. (NASDAQ:GNUS) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, GNUS stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 17.63 while for the average stock in the same group, the multiple is 48848.15.