Tag: GNS

  • High Profile Merger Propels Genius Group (GNS) Stock in After-Hours

    Genius Group Limited (NYSE: GNS) had an outstanding performance on Thursday, with its stock soaring by an impressive 37%. However, the excitement didn’t end there as the company witnessed a further surge of 7% during the afterhours session, bringing its value tantalizingly close to the crucial $0.43 mark.

    A Strategic Merger Propels Growth

    This surge follows the completion of a significant merger by Genius Group, positioning itself as a formidable force in the realm of AI-driven education and acceleration. The merger involved the acquisition of FatBrain AI in an all-stock transaction, bolstering Genius Group’s AI software assets and customer base.

    With this strategic move, Genius Group anticipates a substantial increase in its 2023 pro forma revenue guidance, potentially reaching an estimated $76 million to $80 million, along with a notable rise in pro forma net profit guidance.

    The Vision for the Future

    Genius Group, together with FatBrain AI, envisions a future where AI and entrepreneurial skills are paramount. The amalgamation of their expertise paves the way for the realization of ‘Genius City,’ a concept aimed at fostering exponential growth through AI-driven education and peer intelligence solutions.

    This vision aligns with the global trend towards Sovereign AI ecosystems, where localized education platforms play a pivotal role in empowering individuals and institutions to thrive in the age of AI.

    Roger Hamilton, CEO of Genius Group, emphasized the increasing demand for AI skills worldwide, highlighting initiatives by countries like the UAE and Singapore to lead in this domain. The launch of the Genius City growth model marks a significant step towards democratizing AI education and accelerating the reach of Sovereign AI across diverse sectors and geographies.

    Conclusion

    With the completion of the merger and the imminent launch of the Genius City model, Genius Group is poised for transformative growth. The integration of Genius Group’s AI-driven Edtech platform with FatBrain AI’s peer intelligence solutions signifies a comprehensive approach to AI education and acceleration.

    As the company forges ahead with its ambitious plans, investors eagerly await the realization of its full potential, anticipating a wave of innovation and value creation in the burgeoning field of AI-driven education and acceleration.

  • Crypto Weekly Winners: ATH Coins and Top Movers (24H)

    Crypto Weekly Winners: ATH Coins and Top Movers (24H)

    With market sentiment at a point higher than was ever seen throughout most of 2022, bulls in the market did not hold back and took their favorite crypto-names launching to new heights. With this winning momentum, several cryptocurrencies broke all records and established new all-time highs. At the time of writing this newsletter, these ATH coins are as follows:

    Crypto

    ATH coins

    Aptos

    Aptos (APT) is the most important name on this list of ATH performers because it not only established an all-time high in its price but also in its trade volume, which recently surpassed the $2.9 billion mark. APT has been in the trade since mid-November and has been falling to as low as $3, during this period. Its present surge has taken it up to an all-time high of $19.36, which it is likely to continue surpassing throughout the day. Aptos stands as the 25th largest cryptocurrency, and hence its surge in the wake of bullish sentiment comes as expected, as the market overall turns toward a buying momentum.

    Gains Farm

    Gains Farm (GFARM2) has also shown an impressive rise, putting it up to a magnificent all-time high of almost $6000, earlier today. To put this achievement in context, GFARM2 has been in the market since mid-2021, and initiated at $94. The year brought several high points and subsequent corrections, with shifting confidence surrounding the project. Its recent surge comes after a 400% volume increase, indicating a coordinated price pump, without any apparent updates to the Gains Farm project.

    Gains Network 

    Gains Network (GNS) has seen a tremendous upward price explosion which brought it up to a new record high of $6. The project has been seeing growing interest throughout the prior weeks after it announced a partnership with Trader Joe’s to enable zero slippage trading and concentrated liquidity provisions. Volume too has been rising at a stellar pace in recent days from $1 million to its present level of $5.7 million.

    MASQ

    MASQ made it to $0.3915 earlier today, slightly scraping above an earlier high point of $0.3869 it had achieved in early 2021. Since then it has been rising and falling on par with the overall sentiment seen with the wider crypto-market. Its recent rise corresponds with a drastic improvement in market sentiment, pushing into the green zone. The project’s launch of a fully decentralized web browser further adds to the hype surrounding it.

    Atlas Navi

    Atlas Navi (NAVI) has been on a downward slump throughout most of December in 2022 and much of January, falling to as low as $0.0432 during this time. However, NAVI has been on a roll during the last 5 days, as its volume peaked at over $2.7 million, causing its price to take off spectacularly. Guided by strong fundamentals such as 350,000 app downloads and a circulation of over 10 million, bulls raised this crypto-name to a new high of $0.1837.

    Top Movers (24H)

    Just like how the excellent state of market sentiment has yielded top winners in terms of ATH coins, several have performed well in terms of their daily price movements. Based on this metric, several have outperformed their crypto-peers, and have become top movers of the day. At the time of writing this newsletter, these winners are as follows:

    Shih Tzu Inu

    Shih Tzu Inu (SHIH-TZU) has been seeing an impressive price jump today, which took it up by 258% in a single day, ballooning it beyond three times its price seen yesterday. Market participants seem fascinated by the project, and expect it not to come crashing down, considering that its liquidity has been locked until October 2023, hence the mass accumulation. Its growing volume trend indicates that SHIH-TZU may yet rise to even further new highs throughout the day.

    Xoloitzcuintli

    Xoloitzcuintli (XOLO), has seen quite the rise today, almost consistent with the increase in its volume in recent hours. XOLO more than doubled its price from $0.000046 to $0.000095 in a matter of hours, as its trading volume more than quadrupled from $370,000 to $1.5 million. The market is rushing towards the XOLO market for the purposes of trading Ethereum and related tokens with low gas fees, hence the mass ‘buy and hold’ strategy at play here.

    AptosLaunch Token

    AptosLaunch Token (ALT) also caught a share of the glory among today’s list of winners, as the wider Aptos ecosystem continues to deliver stellar wins this week. ALT rose impressively from $0.061 to $0.140, translating to a single-day gain of 130%. Volume too has risen explosively from $360,000 to $3.6 million, in barely 24 hours. This surge comes as Aptos and Move plan to launch Spaceport later today, which it claims will prove itself as crypto’s largest incubation program. It has already got on board 26 venture capitalists who will be judging between 16 different projects.

    Blocksport

    Blocksport (BSPT), following a full week of price stability and barely any movement, exploded upwards today from $0.00053 to $0.00233. This sudden jump of 340% remained short-lived, however, as the high peak of this price pump could not sustain itself during the day. However, even after its price correction, BSPT is trading at an impressive $0.00093, which is 73% higher than its corresponding price seen yesterday. Only time will tell if this pump will continue throughout the day.

    ROOBEE

    ROOBEE, has been pushing on with its upward momentum of the last two weeks by further delivering a 50% price jump in the last two hours. In its slow and steady rise, this blockchain-based investment platform has successfully multiplied its price by a factor of 2.5 in the last month. Furthermore, its growing volume trend suggests that the rise is far from over, and the trend may very well continue for at least the upcoming several days.

  • Genius Group Ltd. (GNS) Slides Premarket After over 400% Debut Session Yesterday

    The online and offline education services provider, Genius Group Ltd. (GNS) made its public debut yesterday, April 12, 2022. Despite certain red flags regarding the IPO of the Singaporean EdTech company, the debut session marked a staggering increase of 408.33%. Thus, the stock closed its debut session on NYSE at $30.50 a share. Consequently, in today’s premarket, on April 13, the stock is under corrections. At the time of writing, the stock had slid down by 38.85% to reach $18.65 apiece.

    Source: The Economic Times

    GNS’ Initial Public Offering

    On April 12, the ordinary shares of the company commenced trading on the NYSE American under the symbol “GNS”.

    The initial public offering of the company consisted of 3,763,636 ordinary shares at a price of $6.00, including the over-allotment option.

    With Boustead Securities, LLC as the sole underwriter, the IPO resulted in gross proceeds of $22,581,816 for the company.

    IPO Revisions and Downsizing

    The company’s IPO is a bit questionable with many changes in the final launched IPO against its initial documents. GNS’ SEC filings reveal that the company was initially looking forward to launching an IPO of at least 7.3 million shares. Thus, the expected proceeds were in the range of $40 million. Moreover, the book runner was Think Equity. Following this, the company downsized its IPO by over 55% to 3.2 million shares for proceeds of just $18 million. But the final IPO included 3.7 million shares and resulted in proceeds of $22.6 million. Furthermore, the company also switched its underwriter from Think Equity to Boustead Securities.

    Questionable Debut Session

    Genius is not a well-established company with just over 2 million students in 200 countries. The company only has $24.2 million in 2020 pro forma revenues from four different lines of business, according to its prospectus. The company in itself is a mishmash hodgepodge of different things including an EdTech platform, a property investors network, entrepreneur resorts, and a small for-profit university in California among other assets.

    In addition to this, the downsized and small IPO of the company would have had investors staying away from the stock. But despite the red flags, the stock’s debut session was wild with gains, unlike anything one would have expected.

    Conclusion

    It seems short investors were trying to push the stock high enough to make some good gains by leveraging its small IPO price of $6. Hence, now the investors are taking profits as the stock has fallen under corrections and is probably on its way to its initial price levels.