Genius Group Limited GNS shares are trading on high volume Friday after the company on Thursday announced the completion of its merger with FatBrain AI.
The Recent Merger:
Genius Group finalized the merger by acquiring FatBrain AI in an all-stock agreement on Thursday. The acquisition included the AI software assets, customer base, and operational segments of FatBrain AI.
Genius Group projects a significant surge of about 150% in the company’s estimated 2023 pro forma revenue, reaching $76 million to $80 million. Additionally, there is an expected rise of $4 million in the pro forma net profit forecast to $7 million to $9 million.
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Assessing the Stock Potential of GNS
When contemplating an investment in a stock like Genius Gr, various factors should be considered beyond valuation metrics and price fluctuations (available on platforms like Benzinga’s quote pages). These factors include dividend payouts and share buyback initiatives.
While Genius Gr does not currently offer dividends, it provides other mechanisms to generate shareholder value. Investors can explore Benzinga’s dividend calendar to discover upcoming dividend distributions and the associated yields.
For instance, aiming for an annualized return of 17.54% entails purchasing a share of Cherry Hill Mortgage before Mar. 27, 2024, and expecting a $0.15 payout on Apr. 30, 2024.
Buyback programs, in contrast, are variable. Companies implement buybacks at their discretion by repurchasing shares over the authorized timeframe. Monitoring news on Genius Gr can reveal recent buyback program approvals, often serving as a stabilizing factor for stock prices and bolstering demand.
Current Status of GNS: According to Benzinga Pro, Genius Group shares are down 3% at 38 cents at the time of reporting.
Image: Gerd Altmann from Pixabay
