These are top 10 stocks traded on the Robinhood UK platform in July
Genius Group Ltd. (NYSE:GNS) shares tumbled to $0.22, reflecting a stark downturn in the company’s market valuation to $20.36 million. According to InvestingPro data, the stock trades at just 0.38 times book value, suggesting potential undervaluation despite significant challenges. The educational technology firm, which once garnered investor optimism for its innovative learning platforms, has seen its stock price erode significantly, culminating in a precipitous 1-year change of -93.82%. This dramatic drop reflects fundamental challenges, including a 34.48% revenue decline and negative EBITDA of $18.41 million in the last twelve months. While the company maintains healthy liquidity with a current ratio of 2.52, InvestingPro analysis reveals 18 additional key factors affecting GNS’s performance, available in the comprehensive Pro Research Report.
In other recent news, Genius Group Limited has made significant strides in its Bitcoin investment strategy. The company announced a $5 million purchase of Bitcoin, increasing its total holdings to $40 million. This move is part of Genius Group’s aggressive Bitcoin-first strategy, which aims to commit over 90% of its reserves to the cryptocurrency. The company has also expanded its loan with Arch Lending to $19 million, supporting its Bitcoin acquisitions. Additionally, Genius Group launched a rights offering to further bolster its Bitcoin Treasury, with plans to allocate all net proceeds towards purchasing Bitcoin.
In other developments, Genius Group’s CEO, Roger Hamilton, is set to discuss the company’s Bitcoin strategy and outlook for 2025 in a webcast. The company has introduced BTC Yield as a Key Performance Indicator to measure the success of its Bitcoin investments. Meanwhile, LZG International has updated its stockholders on an Asset Purchase Agreement with Genius Group Limited, although financial details and the transaction timeline remain undisclosed. Investors are advised to keep an eye on these developments as they could impact the company’s operations and market presence.
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