Genius Group Ltd (NASDAQ:GNS) shares are trading lower by 15.5% to $0.33 during Monday's session after the company announced agreements for the exercise of Series 2024-C warrants to purchase up to 10,950,451 ordinary shares at $0.35 per share, potentially raising $3.8 million.
H.C. Wainwright & Co. is the exclusive placement agent. The company will issue new Series 2024-D and 2024-E warrants, both priced at $0.35 per share, with terms of five and a half years and two years, respectively. The offering, expected to close around May 22, will fund general corporate needs.
Additionally, Genius Group will amend April 2024 warrants, reducing their exercise price to $0.35, and issue new warrants for 6 million shares with a five-year term at the same price.
Should I Sell My GNS Stock?
Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.
Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.
Shares of Genius Group have lost 61.84% year to date. This compares to the average annual return of -76.54%, meaning the stock has outperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity.
Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Genius Gr stock currently has an RSI of 46.15, indicating neutral conditions.
For analysis tools, charting data and access to exclusive stock news, check out Benzinga PRO. Try it for free.
GNS has a 52-week high of $2.48 and a 52-week low of $0.24.