NAKD stock is dropping despite no company-specific news or analyst downgrades. The significant fall in the stock could be because the Reddit-driven short squeeze is losing steam. A WallStreetBets-fueled short squeeze boosted NAKD significantly at the end of January 2021, which pushed it to a 52-week high of $3.40 per share.
Full Answer
How much is a Nakd stock worth?
Jan 06, 2022 · 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 ...
What is naked Brand Group's (Nakd) stock symbol?
Apr 12, 2022 · 30.90% of the stock of Naked Brand Group is held by insiders. A high percentage of insider ownership can be a sign of company health. Percentage Held by Institutions. Only 8.12% of the stock of Naked Brand Group is held by institutions. Previous Next
Should you avoid Nakd stock during the Reddit party?
Feb 04, 2021 · A number of factors are driving the ongoing sell-off as $NAKDe stock peaked last week. The first is that many short-sellers closed out their bets as the stocks soared last week, riding a massive short squeeze and gamma squeeze. Second, savvy traders who rode the stocks up sold it to take profits.
Will naked Brand Group stock outperform or underperform the S&P 500?
Apr 06, 2021 · Shares of Naked Brand Group Limited stock were down today in the Pre-Market trading session.NAKD stock price was down by 2.14% to drop at $0.68 a share as of this writing. It seems that NAKD is not performing well in recent times as it was down by 2.10% at the previous closing. Let’s try to understand the current scenarios of NAKD stock.
What is going on with NAKD stock?
NAKD Stock Down on Closing of EV-Related Acquisition Today, Naked Brand announced the closing of its acquisition of EV startup Cenntro Automotive. This deal leaves the combined company with $250 million in cash on the balance sheet, and provides a strong growth runway for those bullish on the EV sector.Dec 31, 2021
Is NAKD stock a good buy?
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.Dec 29, 2021
Why did NAKD stock fall?
The once high-flying meme stock lost ground amid dissipating excitement surrounding a potential acquisition and concerns that the company will not be able to meet compliance standards needed to remain listed on the Nasdaq Stock Market.Nov 4, 2021
Is NAKD going out of business?
Pending shareholder approval at a special meeting on Dec. 21, Naked Brands will merge with Cenntro Automotic Group, an electric vehicle (EV) technology firm. The new company will go forward under the Cenntro name, albeit with the NAKD stock symbol. Upon finalization, Naked Brands will cease to exist.Dec 10, 2021
What will happen to NAKD stock after merger?
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.Dec 10, 2021
Will NAKD stock recover?
Despite Its Best Attempts, NAKD Stock Is Unlikely To Recover | InvestorPlace.Sep 16, 2021
How much is Naked Brand stock worth?
NAKD Price/Volume StatsCurrent price$2.6152-week highDay low$2.60VolumeDay high$3.06Avg. volume50-day MA$7.75Dividend yield200-day MA$8.86Market Cap1 more row
Why is NAKD brand stock going up?
A 1-for-15 reverse stock split is to blame for NAKD stock's seemingly outlandish returns today. The reverse split became effective as of this morning, which means that for every 15 shares of NAKD stock investors owned as of yesterday's close, they now own 1 share. Consequently, the price of the stock increased by 15X.Dec 22, 2021
Why is NAKD stock up?
Naked Brand's (NASDAQ:NAKD) stock soared higher on Tuesday after the electric vehicle company that it is merging with announced that it has recently completed testing on its cars in Europe. The gain of 15% in NAKD stock was impressive, although shares are cooling off this morning.Nov 17, 2021
How were Naked Brand Group's earnings last quarter?
Naked Brand Group Limited (NASDAQ:NAKD) issued its earnings results on Wednesday, June, 14th. The company reported ($0.35) earnings per share for t...
Who are Naked Brand Group's key executives?
Naked Brand Group's management team includes the following people: Peter Zuguang Wang , Chairman, Chief Executive Officer & MD Edmond Cheng , Ch...
Who are some of Naked Brand Group's key competitors?
Some companies that are related to Naked Brand Group include Cintas (CTAS) , V.F. (VFC) , Ralph Lauren (RL) , PVH (PVH) , Kontoor Brands (KTB)...
What other stocks do shareholders of Naked Brand Group own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Naked Brand Group investors own include Ocugen (OCGN) , G...
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?
Naked Brand Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Qube Research & Tec...
Which major investors are selling Naked Brand Group stock?
NAKD stock was sold by a variety of institutional investors in the last quarter, including State Street Corp. View insider buying and selling acti...
Which major investors are buying Naked Brand Group stock?
NAKD stock was acquired by a variety of institutional investors in the last quarter, including Qube Research & Technologies Ltd, and Cubist Systema...
How much money does Naked Brand Group make?
Naked Brand Group has a market capitalization of $0.00 and generates $52.49 million in revenue each year.
NAKD stock is dropping
On April 16 as of 10:21 a.m. ET, NAKD stock is down 6 percent at $0.48. The stock is off more than 85 percent from its 52-week peak. The stock has fallen for the last six days and is down 44 percent over the last month.
NAKD stock rose after Ault Global investment
On April 9, NAKD stock rose as much as 20 percent after the intimate apparel company revealed that Ault Global bought over 41 million shares in NAKD stock. Ault Global now owns a nearly 6.4 percent stake in Naked Brand. Ault Global is a diversified holding company that invests in undervalued stocks.
Outlook for NAKD stock
Investors can anticipate a certain weakness in NAKD stock over the next few trading sessions as the Reddit-fueled party is about to end. As a result, retail investors should avoid buying NAKD stock because the recent surge in its stock price isn’t based on the company’s fundamentals.
What stocks does MarketBeat like better than Naked Brand Group?
Wall Street analysts have given Naked Brand Group a "N/A" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Naked Brand Group wasn't one of them.
How were Naked Brand Group's earnings last quarter?
Naked Brand Group Limited (NASDAQ:NAKD) released its quarterly earnings results on Wednesday, June, 14th. The company reported ($0.35) EPS for the quarter. The firm earned $0.46 million during the quarter.#N#View Naked Brand Group's earnings history.
How has Naked Brand Group's stock been impacted by COVID-19 (Coronavirus)?
Naked Brand Group's stock was trading at $0.47 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, NAKD stock has increased by 49.5% and is now trading at $0.7026.#N#View which stocks have been most impacted by COVID-19.
Who are some of Naked Brand Group's key competitors?
Some companies that are related to Naked Brand Group include Cintas (CTAS), V.F. (VFC), Ralph Lauren (RL), PVH (PVH), Kontoor Brands (KTB) and Oxford Industries (OXM).#N#View all of NAKD's competitors.
What other stocks do shareholders of Naked Brand Group own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Naked Brand Group investors own include Ocugen (OCGN), Genius Brands International (GNUS), ToughBuilt Industries (TBLT), Top Ships (TOPS), Vislink Technologies (VISL), Inpixon (INPX), NIO (NIO), Nokia (NOK), Titan Pharmaceuticals (TTNP) and Biocept (BIOC).
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?
Naked Brand Group's stock is owned by many different institutional and retail investors. Top institutional investors include Morgan Stanley (0.13%), Morgan Stanley (0.13%), Geode Capital Management LLC (0.05%), Citadel Advisors LLC (0.05%), Millennium Management LLC (0.04%) and JPMorgan Chase & Co.
Business Development
On March 29, 2021, Naked stock announced that it had completed multiple strategic capital financing that resulted in the net proceeds of $270 million and weaned itself from debt obligations. Moreover, NAKD is in the final stages of getting shareholder approval for divestiture of its brick-and-mortar operations.
Conclusion
Things are gloomy for NAKD stock as far as market sentiment is concerned. The good part is that NAKD stock is free from debt and has sufficient capital for the growth of its eCommerce business.
Early Morning Vibes: Check Out These 4 hot Stocks Right Now
On January 11, American stock markets closed in the red. The S & P500 index fell 0.66% to 3800 points, the Dow Jones lost 0.29%,
Dilution Is a Major Problem for NAKD Stock
As I mentioned in my intro, NAKD stock has Reddit to thank for its resurgence. Nothing has changed from a fundamentals perspective. Its top line has consistently gone down in the last three years. Operating margin, net margin, return on assets, and ROIC is all in the red.
A Comeback Is Looking Tougher
In addition to raising more capital, Naked Brand announced a comprehensive restructuring. Part of that means divesting its Bendon segment to focus squarely on FOH Online, its e-commerce platform. That makes sense, considering how large and ubiquitous e-commerce has become.
My Bottom line
So, what’s next for this company? The most likely course is that the NAKD stock will continue to limp along, eventually delisting. Mark Hake makes an excellent point that the company could be the prime target of a management buyout (MBO) — management could take it private to streamline operations and improve profitability.
Upvote if you're buying more on monday
I'm buying more bananas on monday. Im all in holding strong since january. ✊🙈🙉💎💎💎🚀🚀🚀🚀
REDDIT NAKDSTOCK FLOODED WITH SHILLS AND THOSE WHO WANT TO TAKE US DOWN. DO NOT LET THEM!!!! JOIN OUR NAKD ARMY AND UNITE IN HOLDING. COME ON NAKD APES
https://www.reddit.com/r/NAKDstock/comments/n9mj9r/189k_members_of_this_subreddit_army_of_apes_and/?utm_medium=android_app&utm_source=share
18.9k members of this sub-Reddit Army of APES and only a small handful of posts. We are under attack, and the ARMY IS ASLEEP!!!!! The moles are amongst us. Their mission is to spread FUD (Fear Uncertainty, and Doubt), LOOK CARFULLY at the recent posts and don't get sucked in to negativity
DONT LET THEM WEAR YOU DOWN!! Make a post rally the troops and WAKE THE FUCK UP APES.
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