Figma Shares Indicated To Open $105/$110
In a challenging year for Genius Group Limited (GNS), the company’s stock has plummeted to a 52-week low, touching down at $0.31. With a market capitalization of just $31 million and an InvestingPro Financial Health score labeled as ’WEAK’, the company faces significant headwinds ahead of its earnings report on February 26. This significant downturn reflects a staggering 1-year change with the stock value eroding by -88.76%. Investors have watched with concern as the stock struggled to find its footing amidst market pressures and internal challenges, with the company burning through cash and showing a negative EBITDA of -$18.4 million. The current price level marks a critical juncture for the company, as it navigates through a period of intense volatility and seeks to regain investor confidence. According to InvestingPro, there are 15 additional key insights available to help investors make informed decisions about GNS’s future prospects.
In other recent news, Genius Group Limited has made significant strides in its Bitcoin-focused strategy, purchasing an additional $5 million worth of Bitcoin. This acquisition brings the company’s total Bitcoin holdings to 420 units, valued at approximately $40 million. This move is part of Genius Group’s broader strategy to commit over 90% of its reserves to Bitcoin, with an ultimate goal of reaching $120 million in Bitcoin holdings. The company has utilized its reserves, ATM facility, and $19 million in debt financing from Arch Lending to fund these purchases.
Additionally, Genius Group has launched a rights offering to further bolster its Bitcoin Treasury, with all net proceeds intended for Bitcoin purchases. This initiative aligns with the company’s Bitcoin-first business model and reflects its commitment to integrating cryptocurrency into its operations. An investor call was held to discuss the rights offering and the company’s strategic outlook for 2025, with details available on its investor relations website.
LZG International, Inc. has also been active, updating its shareholders on an Asset Purchase Agreement with Genius Group Limited. This agreement, if finalized, could significantly impact LZG International’s operations and market presence. However, the financial details and completion timeline of the agreement remain undisclosed. Investors are advised to monitor future announcements from LZG International for further developments regarding this transaction.
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