Ever since breaking the down trend in early September, we can see volume on the rise, bullish MACD cross on 1SEP plus the zero cross more recently, and potential completion of C&H pattern.
Previous Highs before the pop were 1.87 to 1.95 followed by a 16 day range between 1.24 and 1.5.
If the C&H holds true then 2 is a strong technical level, although on recent earnings this company may not have found its true value yet.
Otherwise we could see this range until some more positive news comes out, which may be coming.
GNUS has generated a lot of cash this year (~54.07 million, six months ended June 30, 2020), primarily from common stock sales, and seems to be putting it to good use:
Obvious litigation risk aside, could this be a good acquisition target?
General Consesus: LONG
Short term TGT: $2
Medium term TGT: $5.82
Long term TGT: $10+
Previous Highs before the pop were 1.87 to 1.95 followed by a 16 day range between 1.24 and 1.5.
If the C&H holds true then 2 is a strong technical level, although on recent earnings this company may not have found its true value yet.
Otherwise we could see this range until some more positive news comes out, which may be coming.
GNUS has generated a lot of cash this year (~54.07 million, six months ended June 30, 2020), primarily from common stock sales, and seems to be putting it to good use:
- Kartoon Channel! newly available on Samsung smart TV's for (think ad revenue)
- Recruited Marc Rosenberg, former Hasbro exec
- Stan Lee Universe, LLC - a deal with POW! to use properties other than those included in Marvel created by Stan Lee
- ~300% increase in YoY ad sales reported as of 2Q20 ER
Obvious litigation risk aside, could this be a good acquisition target?
General Consesus: LONG
Short term TGT: $2
Medium term TGT: $5.82
Long term TGT: $10+
Comment:
*Noting acquisition of Chizcomm media