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Shaq's Business Life Just Got A Lot Busier With New Cartoon Show

Jayson Derrick
·2 mins read

Former NBA superstar Shaquille O'Neal scored a new gig to add to his already long and impressive resume: staring and producing an animated children's show for Genius Brands International Inc (NASDAQ: GNUS).

What Happened: Genius Brands is teaming up with Shaq to create a new animated comedy, action-adventure TV show for kids called "Shaq's Garage." As part of a new relationship, the four-time NBA champion will serve as executive producer and will become a Genius Brands shareholder.

The animated show will "depict the secret adventures of Shaquille's extraordinary collection of animated cars, trucks, and automobiles," the company said.

Why It's Important: Genius Brands faced controversy earlier this year after a short-seller report blasted the company's valuation and business outlook. A new partnership with an icon like Shaq could inject a much-needed boost to Genius Brands' business.

Related Link: Genius Brands Inks New Deals With Archie Comics, 'Batman' Movie Producer

"Ever since I was a kid I have been fascinated by cars," O'Neal said in the press release. "I'm so excited to bring this series to life with Genius Brands. We plan to showcase the most amazing, tricked out assortment of vehicles that can only be found in my garage.

"They will all have larger than life personalities, larger than life missions and of course, larger than life sound systems. One of our cars is a vehicle missing a wheel, but she is as strong, fast, and smart as any other vehicle. This will be a kid's show which will highlight inclusivity for all."

What's Next: Shaq's new show will start in early 2022 on the new digital Kartoon Channel! and will be made available to more than 100 million U.S. television households.

Genius Brands traded down about 7% to $1.44 at publication time.

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Moving forward, given the strong 2H20 outlook for deployment, we believe it is likely that net investment income will continue to move higher… BANX continues to more than cover its current quarterly dividend of $0.38, and we believe this will continue to be the case in the coming quarters,” Ryan opined. Ryan’s is the only recent review on record for this stock, which is currently selling for $18.15. He rates BANX an Outperform (i.e. Buy), with a $22 price target that indicates a possible 21% upside for the next 12 months. (To watch Ryan’s track record, click here)BRT Realty Trust (BRT)Last but not least is BRT Realty Trust, a real estate investment trust focused on multifamily properties. The company acquires, owns, and manages apartment dwellings, and currently boasts a portfolio of 39 properties across 11 states, totaling over 11,000 individual apartments. 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Mark Schappel, 5-star analyst with Benchmark, summarizes the possible silver lining.“While we are not attorneys, and understanding complex legal matters is not one of our strengths, the stock’s reaction since the ruling — down about 20% — strikes us as a bit of an overreaction since RMNI’s business remains on track, the court ruling doesn’t create operational downside, and the shares currently trade at a ‘going out of business’ valuation,” Schappel wrote.Accordingly, Schappel rates the stock a Buy and gives it a $10 price target suggesting an impressive 222% growth potential. (To watch Schappel’s track record, click here)This is another stock with a unanimous Strong Buy analyst consensus rating, this time based on 3 recent reviews. Rimini Street’s share are selling for $3.10 after the recent price collapse, but Wall Street sees potential here. The average price target, $7.67, suggests a one-year upside potential of 147%. (See RMNI stock analysis on TipRanks)Energous (WATT)The proliferation of mobile devices, and improvements in battery technology, have brought a focus on charging technologies. Energous holds a leading position in the wireless power and charging niche. The company’s WattUp system supports fast, efficient charging using RF-based wireless tech. The system can be tailored for home or office use, based on the number and type of devices to be charged. It has found applications in the automotive, industrial, medical, and retail industries.In specific advantages, Energous has the world’s first FCC Part 18 certification for wireless charging technology, an important lead in the industry. The company also holds 215 patents, with more on the way. This past September, the company received regulatory approval for a 1-meter ranged wireless charging broadcast.Like many companies specializing in emerging technologies, Energous regularly posts quarterly net EPS losses – but for the past two years, the trend in the company’s net loss has been steadily improving. The EPS loss has fallen by more than half in that time, moving from 49 cents n 3Q18 to 20 cents in the most recently report, for 2Q20.Despite an improving fiscal situation, WATT shares are down 37% in the past two months. The low share price, however, opens up opportunities for investors, according to Roth Capital analyst Suji Desilva. The 5-star analyst rates the stock a Buy, and his $7 price target indicates a possible 182% in upside potential. (To watch Desilva’s track record, click here)Supporting his stance, Desilva notes, “We believe WATT is experiencing increasing new customer engagement activity. As an example, management indicated that four Tier-1 customers are evaluating use of WATT technology and that the company is making inroads into newer military engagement opportunities. We believe the recently launched WattUp PowerHub development kit is helping drive charging application interest across fitness bands, smartwatches, hearables, smart glasses and medical devices to benefit. Wecontinue to expect a volume ramp in 2H20.”Overall, the Moderate Buy analyst consensus on WATT shares is based on two recent Buy ratings. The stock has an average price target of $6, suggesting a 152% upside from the current share price of $2.38. (See WATT stock analysis on TipRanks)To find good ideas for penny stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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