Genius Group Ltd (AMEX:GNS) shares, rose in value, with the stock price down by -1.52% to the previous day’s close as strong demand from buyers drove the stock to $0.41.
Actively observing the price movement in the last trading, the stock closed the session at $0.42. Referring to stock’s 52-week performance, its high was $2.48, and the low was $0.24. On the whole, GNS has fluctuated by 32.50% over the past month.
As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to $0 for fiscal year -$0.33 and then to about -$0.16 by fiscal year 2024. Data indicates that the EPS growth is expected to be 44.10% in 2024, while the next year’s EPS growth is forecast to be 51.50%.
Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $28.58 million, representing an increase of 57.10% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that GNS’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GNS currently trading nearly 1.17% and 7.11% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.87, while the 7-day volatility ratio is showing 12.13% which for the 30-day chart, stands at 19.76%. Furthermore, Genius Group Ltd (GNS)’s beta value is 12.12, and its average true range (ATR) is 0.07.
A comparison of Genius Group Ltd (GNS) with its peers suggests the former has fared considerably weaker in the market. GNS showed an intraday change of -1.52% in last session, and over the past year, it shrunk by -69.29%%.
Data on historical trading for Genius Group Ltd (AMEX:GNS) indicates that the trading volumes over the past 10 days have averaged 8.2 million and over the past 3 months, they’ve averaged 6.77 million. According to company’s latest data on outstanding shares, there are 73.87 million shares outstanding.
Nearly 13.62% of Genius Group Ltd’s shares belong to company insiders and institutional investors own 3.03% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.24 million shares as on Mar 15, 2024, resulting in a short ratio of 0.78. According to the data, the short interest in Genius Group Ltd (GNS) stood at 3.33% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 6.75 million. The stock has fallen by -37.46% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GNS stock heading into the next quarter.
