TOON stock price forecast and analysis: Is toon stock a good investment?

Kartoon Studios, Inc., formerly known as Genius Brands International, Inc., is a global media company specializing in the development, production, marketing, and licensing of animated entertainment properties and consumer products for both media and retail distribution. The company boasts a diverse portfolio of family-friendly intellectual properties (IP), including titles like Stan Lee's Superhero Kindergarten, featuring Arnold Schwarzenegger, which airs on Kartoon Channel!; Shaq's Garage, starring Shaquille O'Neal, coming soon to Kartoon Channel!; Rainbow Rangers, available on Kartoon Channel! and Netflix; Llama Llama, featuring Jennifer Garner, also on Netflix, and more.

Kartoon Studios also operates Toon Media Networks, a digital entertainment platform that encompasses Kartoon Channel!, Frederator Network, and Ameba. Kartoon Channel! is a widely distributed platform offering a variety of family-oriented content. Frederator Network runs a popular animation hub on YouTube, with over 2,000 creators and influencers. Ameba is a children’s streaming service that offers engaging, educational, and age-appropriate programming.

Kartoon Studios (TOON) Moving Averages

Kartoon Studios’s (TOON) 10-Day exponential moving average is 0.86, while Kartoon Studios’s (TOON) share price is $0.786, making it a Buy.

Kartoon Studios’s (TOON) 100-Day exponential moving average is 0.99, while Kartoon Studios’s (TOON) share price is $0.786, making it a Sell.

Kartoon Studios’s (TOON) stock price is $0.786 and Kartoon Studios’s (TOON) 50-day simple moving average is 0.91, creating a Sell signal.

Kartoon Studios’s (TOON) stock price is $0.786 and Kartoon Studios’s (TOON) 100-day simple moving average is 0.97, creating a Sell signal.

Kartoon Studios’s (TOON) stock price is $0.786 and Kartoon Studios’s (TOON) 200-day simple moving average is 1.18, creating a Sell signal.

Kartoon Studios (TOON) Technical Indicators

Kartoon Studios’s (TOON) Relative Strength Index (RSI) is 50.25, creating a Neutral signal.

Kartoon Studios’s (TOON) Trend Strength Indicator (ADX) is 30.61, creating a Neutral signal.

Kartoon Studios’s (TOON) Commodity Channel Index (CCI) is -6.28, creating a Neutral signal.

Kartoon Studios’s (TOON) Price Rate of Change (ROC) is -5.38, creating a Sell signal.

TOON stock price forecast

Forecasts for November suggest a shift of the market trend, with a potential price decrease to $ 1.122365. The expected price range lies between $ 0.801865 and $ 1.52, influenced by last month's market performance. Investors may witness a potential gain of 47.25%, if they decide to buy TOON at current prices and short sell it at predicted rates.

According to the current TOON stock price forecast, the value of Kartoon Studios Inc. shares will drop by -47.25% and reach $ 0.801865 per share by December 12, 2024. Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 39 (Fear). TOON stock recorded 9/30 (30%) green days with 4.46% price volatility over the last 30 days. Based on the Kartoon Studios Inc. stock forecast, it's now a bad time to buy TOON stock because it's trading 0.98% above our forecast, and it could be overvalued.

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Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.