Could Genius Brands International, Inc. (GNUS) Gain Strenght After Forming Bearish Wedge Down?

October 11, 2018 - By Ellis Scott

The stock of Genius Brands International, Inc. (GNUS) formed a down wedge with $2.11 target or 5.00 % below today’s $2.22 share price. The 8 months wedge indicates high risk for the $20.27 million company. If the $2.11 price target is reached, the company will be worth $1.01M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock decreased 2.63% or $0.06 during the last trading session, reaching $2.22. About 35,793 shares traded or 77.19% up from the average. Genius Brands International, Inc. (NASDAQ:GNUS) has declined 33.79% since October 11, 2017 and is downtrending. It has underperformed by 49.41% the S&P500.

Analysts await Genius Brands International, Inc. (NASDAQ:GNUS) to report earnings on November, 21. They expect $-0.14 EPS, up 30.00 % or $0.06 from last year’s $-0.2 per share. After $-0.26 actual EPS reported by Genius Brands International, Inc. for the previous quarter, Wall Street now forecasts -46.15 % EPS growth.

More recent Genius Brands International, Inc. (NASDAQ:GNUS) news were published by: Seekingalpha.com which released: “Technology: Where’s The Tipping Point?” on September 28, 2018. Also Nasdaq.com published the news titled: “Genius Brands International Secures Six Million Dollars in Non-Dilutive Production Financing from Bank Leumi” on October 01, 2018. Globenewswire.com‘s news article titled: “Genius Brands International, Inc. Issues Shareholder Letter” with publication date: October 03, 2018 was also an interesting one.

Genius Brands International, Inc., a content and brand management company, creates and licenses animated multimedia content for toddlers to tweens worldwide. The company has market cap of $20.27 million. The firm offers Thomas EdisonÂ’s Secret Lab, a STEM comedy adventure series; Baby Genius, a catalogue of songs, music videos, and toys, which feature classic nursery rhymes, learning songs, classical music, holiday favorites, and others for toddlers; and Warren BuffetÂ’s Secret MillionaireÂ’s Club, an animated series for kids. It currently has negative earnings. It also develops and produces animated series, such as Llama Llama, SpacePop, Stan LeeÂ’s Cosmic Crusaders, and Rainbow Rangers.

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