Figma Shares Indicated To Open $105/$110
In a challenging market environment, Genius Group Limited (GNS) stock has tumbled to a 52-week low, reaching a price level of just $0.31. According to InvestingPro data, the company’s financial health score is rated as WEAK, with metrics showing the company is quickly burning through cash with an EBITDA of -$18.4M. This significant downturn reflects a stark contrast from its previous performance, with the company’s stock experiencing a precipitous 1-year change of -88.78%. Investors have been closely monitoring Genius Group as it navigates through the headwinds that have led to this low point, seeking signs of a potential turnaround or further indicators of market pressures that could influence the stock’s trajectory in the coming weeks and months. InvestingPro analysis reveals 15+ additional investment insights for this stock, including detailed Fair Value assessments and growth projections. Get the complete picture with InvestingPro’s comprehensive research report, available for 1,400+ US stocks.
In other recent news, Genius Group Limited announced an expansion of its Bitcoin Treasury with a $5 million purchase, bringing its total investment to 420 Bitcoin at an average price of $95,912 per Bitcoin. This move aligns with the company’s Bitcoin-first strategy, which aims to allocate 90% or more of its reserves to Bitcoin, targeting an initial $120 million in cryptocurrency holdings. The company also launched a rights offering to further support its Bitcoin Treasury, with net proceeds earmarked for additional Bitcoin purchases. Genius Group’s Bitcoin investments have been funded through reserves, an ATM facility, and a $19 million loan from Arch Lending.
In related developments, Genius Group has adopted BTC Yield as a Key Performance Indicator to measure its Bitcoin strategy’s success. Meanwhile, LZG International, Inc. provided an update on its Asset Purchase Agreement with Genius Group Limited, though specific financial details were not disclosed. This agreement could potentially impact LZG International’s operations and market presence. Investors are encouraged to monitor these developments closely as both companies continue to navigate significant corporate and financial strategies.
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