In the early summer of 2018, NAKD stock reached four-digit prices on an intraday basis. Eventually, it would settle down into the low hundreds by the fall of 2018. Unfortunately, shares continued to drop.
How much is a Nakd stock worth?
One share of NAKD stock can currently be purchased for approximately $2.61. How much money does Naked Brand Group make? Naked Brand Group has a market capitalization of $157.82 million and generates $52.49 million in revenue each year.
What is naked Brand Group's (Nakd) stock symbol?
What is Naked Brand Group's stock symbol? Naked Brand Group trades on the NASDAQ under the ticker symbol "NAKD." Who are Naked Brand Group's major shareholders?
Who buys nanakd stock?
NAKD stock was purchased by a variety of institutional investors in the last quarter, including Qube Research & Technologies Ltd. View insider buying and selling activity for Naked Brand Group or or view top insider-buying stocks.
What does the naked and Holdco merger mean for investors?
Naked shares were exchanged for Holdco shares at the rate of 1 Naked share for 0.2 Holdco shares. Naked Brand is a North American-based company, while Bendon is based in New Zealand. This official merger comes after a few months of talks, with Naked Brand shareholders voting to approve the deal earlier this month.
What happened to NAKD brand stock?
On the last day of 2021, Naked Brand Group completed its acquisition of Cenntro. In connection with the completion of the acquisition, the company officially changed its name to Cenntro Electric Group Limited, and took over the ticker CENN stock.
Why did NAKD stock fall?
Naked Brand is aiming for a turnaround. The company's stock has plummeted because of collapsing sales, mounting losses, and obscene levels of stock dilution following new share offerings being used to raise funds and keep the company afloat.
What will happen to NAKD stock after merger?
Upon finalization, Naked Brands will cease to exist. Under the terms of the merger, Naked shareholders will receive seven shares in the new entity for every three existing NAKD shares they own. The combined company will have a market capitalization of nearly $2 billion.
Will NAKD stock ever recover?
The retail trading frenzy breathed new life into Australian undergarment company Naked Brands International (NASDAQ:NAKD). NAKD stock was popular among meme stock traders, which drove its price higher earlier this year.
Is NAKD heavily shorted?
The company's short volume ratio of 33% suggests there's room for a squeeze. Indeed, this is one of the most highly shorted stocks on the market. Combine this fact with the reality that NAKD stock is a penny-stock play, and investors can see dollar signs in a squeeze-like scenario.
Is NAKD a good stock?
It has been an extraordinary year, and to be fair, still a profitable one: NAKD stock has still gained 74% so far in 2021. 2022 should be quieter, at least on a relative basis, as Naked becomes Cenntro Automotive.
Why did NAKD change to CENN?
However Naked's business collapsed during Covid-19, leading it to reverse merge with Cenntro Electric Group (NASDAQ:CENN). In doing so, shares changed from “NAKD” to the new CENN stock ticker. Because Naked was a popular meme stock in early 2021, it was able to raise tons of capital issuing new shares to the public.
Did NAKD reverse stock split?
Naked Brand (NASDAQ:NAKD) stock is in the news today as investors react to the company's reverse stock split for Tuesday. Lingerie on a pink background representing NAKD stock. That reverse stock split saw the company consolidate 15 shares of NAKD stock down to one share.
Who bought Naked Brands?
Now Naked is no more, having given way to Cenntro Electric Group Limited (NASDAQ:CENN) stock. Even before the onset of the Covid-19 pandemic, Naked Brand stock lost much of its value.
Who owns NAKD stock?
Institutional Ownership and Shareholders These institutions hold a total of 1,325 shares. Largest shareholders include Deutsche Bank Ag\, N.E.W. Advisory Services LLC, and Cwm, Llc.
What is NAKD price prediction?
The Cenntro Electric Group stock price may drop from 1.530 USD to 1.291 USD . The change will be -15.593%.
What is NAKD prediction?
NAKD Stock Forecast 2022: Analyst's Target Price As of Jan 13, 2022, NAKD is trading at $2.61, The possible nearest targets would be $2.38 and $2.84 as the lowest and highest price targets respectively.
When did Zacks discover earnings estimate revisions?
In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com. Learn More.
What brands does Heidi Klum sell?
The newly formed company now boasts brands that include Heidi Klum Intimates, Bendon, Fayreform, Pleasure State, Lovable, Heidi Klum Swim, Naked, Hickory, Bendon Man, and Davenport. The company claims that its products are currently available at retail locations in 44 countries and online. Holdco's offerings will also be sold at 61 Bendon retail ...
NAKD Stock Is No Longer Relevant
At some point in time, the brands under Naked Brand Group may have attracted consumer attention. Along with its namesake brand, the company commands Frederick’s of Hollywood, Heidi Klum Intimates, and Davenport.
Broader Fashion Market Offers No Respite
Although Smith’s assessment may be anecdotal – I have no idea how he conducted his surveys – it makes sense. If you want to make a statement, you’ll do so with external, conspicuous purchases: a fancy car, a nice watch, or even designer jeans.
Latest Stocks Videos
In The Money: Groundhog Day: Mega-Cap Tech Stocks Out From the Shadows? Feb 02, 2022
InvestorPlace
InvestorPlace is one of America’s largest, longest-standing independent financial research firms. Started over 40 years ago by a business visionary named Tom Phillips, we publish detailed research and recommendations for self-directed investors, financial advisors and money managers.
About Naked Brand Group
Cenntro Electric Group Ltd. is an EV technology company that designs and manufactures electric light and medium duty commercial vehicles. The company's ECVs are designed to serve a variety of corporate and governmental organizations in support of city services, last-mile delivery and other commercial applications.
Naked Brand Group (NASDAQ:NAKD) Frequently Asked Questions
Naked Brand Group Limited (NASDAQ:NAKD) posted its earnings results on Wednesday, June, 14th. The company reported ($0.35) earnings per share (EPS) for the quarter. The business earned $0.46 million during the quarter. View Naked Brand Group's earnings history.
What happened
Shares of Cenntro Electric Group ( NAKD ), the company formerly known as Naked Brand, were trading lower on Thursday. The former meme stock has been moving steadily lower since mid-November, shortly after Naked Brand -- at the time still a struggling lingerie maker -- announced that it would merge with electric-vehicle maker Cenntro.
So what
Cenntro's story is an interesting one. The company is the result of a merger between a small privately held maker of electric commercial vehicles (Cenntro) and a publicly traded maker of lingerie and swimwear (Naked Brand) that became a hot meme stock early last year.
NASDAQ: NAKD
Cenntro Electric makes a variety of small battery-electric commercial vehicles. Image source: Cenntro Electric Group.
Now what
It's not clear what's next for the postmerger Cenntro.
Premium Investing Services
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.