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 has Naked Brand dropped so much?
In fact, the stock has now lost 99.9% of its overall value in the last three years. That level of extreme value destruction has come as a result of falling sales, rising losses and extreme dilution. In fact, Naked's outstanding share count is up a mind-boggling 340,400% over those three years.
Will NAKD stock 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.
What will happen to NAKD stock after merger?
Per the terms of the merger, existing NAKD shareholders will own 30% of the combined company. Cenntro's existing investors will hold the other 70%.
Is Naked Brand a good investment?
Given the investment horizon of 90 days Naked Brand Group has a beta of -0.2078. This indicates as returns on benchmark increase, returns on holding Naked Brand are expected to decrease at a much lower rate. During the bear market, however, Naked Brand Group is likely to outperform the market.
Is NAKD being shorted?
Short interest is the volume of Naked Brand Group shares that have been sold short but have not yet been covered or closed out. As of December 31st, investors have sold 2,020,000 shares of NAKD short. 3.34% of Naked Brand Group's shares are currently sold short. Learn More on Naked Brand Group's current short interest.
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%.