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Genius Group Limited

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GNS trade ideas

$GNS Has 91% Upside AheadHello traders, Stock ticker AMEX:GNS is trending heavily in social media right now. Reason is, it has recently seen a 37% uplift in equity valuation on Friday. I am here to say there is more upside ahead for this stock. There is a gap fil at $2.81 that hasn't been filled yet and is in the trajectory of the current price action. That is a crazy 91% upside potential ahead. With a little R/R you can make a great trade here with stop loss below the recent support. Recommend Shares or long term call options here for AMEX:GNS
GLong
by shaggad
3
GNS Consolidated and Resting from Big Move LONGOn the 30-minute chart, I see GNS as a Bullish Pennant on a high flag pole in the big move yesterday with consolidation now. It is high in the VWAP bands and so at risk for a reversal to the mean. Pennants more often than not continue upside. To hedge, I have set two lines. If the price goes over the green line a buy stop long will trigger into a market price. If the price drops below the pennant height, a sell stop will trigger the short trade. One trade is on the other will not execute. Ask if you want my suggestion as to stop losses and targets. (EDIT - On the chart it is a flagpole not a flap pole !)
GLong
by AwesomeAvani
$GNS Spin Off May Get The Ball RollingGenius Group Limited’s (NYSE: GNS) long-anticipated spinoff is finally on the horizon. For months now the company has been promising spinoff dividends as a method of combating naked short selling. Now, the company set the record date for the share dividend on August 31st which could see its stock in anticipation. With this in mind, the stock is highly shorted at the moment, and considering the growing interest in the spinoff, a short squeeze may occur in the lead-up to the record date. In light of this, it could be profitable to go long on GNS stock at current levels. GNS Fundamentals The Singapore High Court recently approved GNS’s spinoff of ERL with capital worth $38.3 million in the form of ERL shares. In response to its approval, the company established a record date of August 31 which is why the stock is currently poised to surge over the course of this month. The spinoff will likely positively affect the GNS stock price over the coming weeks as this move shows the company’s dedication to combatting naked short selling. At the same time, many investors may be interested in receiving the share dividend as it could be an easy way to make a profit by selling the shares they would receive. For these reasons, the stock could see strong buying activity ahead of the record date as investors may want to secure ERL shares. In this way, GNS stock may run causing a short squeeze since naked short sellers may be forced to cover their positions to mitigate their losses. That said, even without naked short sellers covering, the stock could also witness a short squeeze since it is already highly shorted. In the meantime, the stock has a short interest of 21% and 42.9% of its float on loan. Technical Analysis GNS stock recently exited a bearish trend and is now trading in a sideways channel between $0.66, and $0.84. Looking at the indicators, the stock is currently trading above the 200, 50, and 21 MAs which is a bullish indication. Meanwhile, the RSI is approaching overbought at 67 and the MACD curling bearishly. As for the fundamentals, GNS stock may be poised to run this month as we approach the record date for the company’s planned share dividend on August 31st. Given that the stock is highly shorted, a short squeeze may occur if there is strong buying activity on the stock. With the stock recently exiting its downward channel, investors could wait for the stock to test the upper trendline to confirm breaking the channel before going long ahead of the record date. GNS Forecast As things stand, GNS stock could be poised for a major run over the coming weeks due to its spinoff dividends which have a record date of August 31. These dividends could attract new investors to the stock, increase its investors’ long positions, and combat naked short selling by forcing them to cover their position. In this way, a short squeeze may occur since the stock is already heavily shorted. Based on this, it may be a profitable decision to go long on GNS stock ahead of the record date.
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by Penny_Stocks_Today
$GNS Spin Off May Get The Ball RollingAfter its board approved the spin-off of Entrepreneur Resorts Limited back in January Genius Group Limited (NYSE American: GNS) has now also gained its shareholders’ approval for the spin-off. The spin-off is expected to be completed by Q3 and will likely help expose the naked short sellers that have been targeting GNS for a while, which may lead to a short squeeze occurring as the short sellers would be forced to cover their positions. GNS Fundamentals GNS is now approaching the completion of its spin-off of Entrepreneur Resorts Limited (LRT). With shareholders’ approval, the spin-off is expected to be completed by Q3 after court approval in Singapore and completing the NYSE process. GNS stock has historically seen high naked short selling activity. The company tried to fight this phenomenon back in January by creating an Illegal Trading Task Force to actively pursue all possible actions against people and companies engaging in market manipulation. By spinning off ERL, GNS can combat naked short sellers that are targeting its stocks since the company is expected to issue a share dividend that would require a full share count – making it easier to identify naked short sellers. In this way, naked short sellers may be under pressure as they would be forced to cover their naked short positions – leading GNS stock to soar. Moreover, the share dividend may attract new investors to GNS stock once the company announces more details regarding the dividend date. With that in mind, share dividends can become extremely popular which might provide GNS stock with substantial hype. Meanwhile, GNS postponed the release of its 2022 annual report that was supposed to be on May 15, and will announce the new date once the audit process is completed by its auditors. According to its 2022 guidance GNS expects revenues of $35 million – $38 million and the number of students to be between 4.4 million – 4.6 million. GNS Financials In its Q3 2022 report, GNS’ assets increased 480% YoY from $17 million to $83 million, and its cash and cash equivalents increased almost 525% YoY from $1.7 million to $8.9 million. GNS’ total liabilities increased almost 312% YoY from $9.6 million to $30 million. Revenue also increased 60% from $8 million to $14 million. Operating losses increased nearly 60% YoY from $2.3 million to $5.7 million, and its administrative expenses increased by over 100% from $5 million to $10 million, which amounted to a net loss of $6 million – a 260% increase YoY. Technical Analysis GNS stock’s trend is neutral with the stock trading in a sideways channel between $0.84 and $1.25. Looking at the indicators the stock is trading under the 21, 50, and 200 MAs which are bearish indications. Meanwhile, the MACD is neutral and the RSI is approaching oversold at 34. As for the fundamentals, GNS stock has two catalysts approaching with its 2022 annual report expected to be released soon and the spin-off of Entrepreneur Resorts Limited to be completed in Q3 2023. With the possibility of a short squeeze occurring, the current PPS could be a good entry point as the stock is trading near support. GNS Forecast The spin-off of Entrepreneur Resorts Limited, may help GNS in its fight against naked short sellers as GNS would be required to do a full share count. GNS has two important catalysts approaching as the spin-off is expected to be completed in Q3 and its 2022 annual report is to be released soon. GNS is prone to a short squeeze due to the high naked short selling activity the stock is witnessing. That coupled with GNS exceptional YoY growth, and GNS stock trading near support makes it a stock worth watching.
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by Penny_Stocks_Today
GNS Momentum BuildingGood 20-30% move today. Nice accumulation area in the green box. Good retrace to golden pocket from the move. Need to break above $1.22. Then first potential Target $1.32, and then $1.60. Earnings 5/15, keeping an eye on TRKA as well, rumors of buying, and their earnings coming up as well. Rumors brewing that GNS has something brewing as well who knows! Maybe Redditors will jump back in and cause so more momentum. I own GNS shares. Do your own research. My personal opinions, and I'm sure as he11 not a financial advisor lol.
GLong
by rrak279067200
$GNS Naked Short Selling Under PressureGenius Group Limited (NYSE American: GNS) is a leading entrepreneur edtech and education company that aims to disrupt the current education model with more than 4.3 million users and students in 200 countries. While the company is trading at a significant dip since its IPO in April 2022, GNS is climbing investors’ watchlists after running more than 313% overnight. This run was triggered by the company creating an illegal trading task force to combat naked short selling which the company believes is the main reason for its dip. Given the increased attention the company is receiving, GNS stock is one to watch closely over the coming weeks in anticipation of updates about fighting illegal naked short selling. GNS Fundamentals Back in April 2022, GNS started to trade on NYSE American following its IPO where the company issued 3.2 million shares at $6 per share. Following its listing, GNS has been trending downwards – with the stock reaching a low of $.3. Considering this major drop in PPS, GNS’ management and board had the belief that the stock may have been the target of a market manipulation scheme through illegal naked short selling. For this reason, GNS retained Christian Levine Law Group and Warshaw Burstein, LLP to investigate the manipulation occurring with the company’s stock in order to protect its shareholders’ value. With this in mind, the initial results of this investigation confirmed GNS’ suspicions as the results indicated that certain individuals and companies engaged in illegal naked short selling of a significant amount of the company’s stock. As the company is looking to combat this illegal naked short selling activity, GNS has been continuing with its investigation to determine those responsible for manipulating its PPS to pursue remedies against these parties. On that note, GNS recently approved at a board meeting an action plan to address the naked short selling of the company’s stock. This plan includes creating an Illegal Trading Task Force to pursue actions against parties involved with the naked short selling of its stock and is led by former Deputy Director of the FBI – Richard Berman. In addition to creating this task force, GNS has been in communication with government regulatory authorities and is sharing information with these authorities to assist them in identifying the parties manipulating the stock’s PPS. In light of these actions to fight naked short selling, GNS has been gaining momentum from retail investors who are against illegal naked short selling of stocks. As a result, GNS stock soared more than 313% and has the potential to further run as more updates are announced. Meanwhile, GNS’ board is seeking shareholder approval at an extraordinary general meeting in the coming weeks over a number of actions the board has authorized. At the core of these actions is advancing to the next stage of the legal process and exploring legal action against parties believed to be involved in the naked short selling of the company’s stock. GNS’ board also authorized issuing a special dividend to all shareholders which the company believes could help expose the parties participating in the manipulation of GNS stock. Moreover, the board is seeking approval for a potential dual listing which could make illegal naked short selling more difficult in the future. With the company planning to announce the details for the general meeting soon, GNS could be poised to soar on shareholder approval as these actions could have a major impact on the naked short selling witnessed by the stock. GNS Financials Looking into GNS’ financials, the company has $83.1 million in assets including $8.9 million in cash and $11.3 million in restricted cash. Meanwhile, GNS has $30.3 million in liabilities – of which $16.2 million are current liabilities. In terms of revenues, GNS reported $14.4 million throughout its first 3 quarters and generated a gross profit of $4.8 million. However, the company incurred $10.6 million in operating costs – leading the company to report a net loss of $6 million. Technical Analysis GNS stock price is currently at $2.09 and shows supports near 1.61 and .61. The stock also shows resistances near 2.17, 2.71, 3.65, and 5.61. Upon announcing its actions to combat naked short selling, GNS soared more than 313% on an extremely high trading volume of 247.3 million – compared to its average volume of 682.1 thousand. Given that GNS is gaining momentum among retail investors thanks to its efforts to combat naked short selling, the stock has the potential to continue climbing over the coming weeks. In light of this, bullish investors could enter a starter position at the current PPS and average up as the stock moves. Given the bullish sentiment surrounding GNS stock, accumulation is trending upwards and the MACD is bullish to the upside. Meanwhile, the RSI is holding at 86 indicating that GNS is overbought. Despite this, GNS could witness another strong movement upwards thanks to the increasing interest the stock is garnering. GNS has an OS of 24.6 million and a low float of 10.7 million which could allow the stock to soar on strong buying activity. GNS Forecast With the company gaining investors’ attention thanks to its efforts in combating naked short selling, GNS has the potential to continue soaring over the coming weeks. With this in mind, many investors are anticipating more updates regarding the company’s general meeting. If the company’s actions are approved by shareholders, retail investors could apply strong buying pressure – forcing naked short sellers to cover their positions. In this way, GNS stock could soar to new highs. Given that many investors are bullish on the company’s potential special dividend and dual listing, GNS is one to watch closely over the coming weeks as its updates unfold – especially its 2023 guidance scheduled for next week.
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by Penny_Stocks_Today