NAKD stock is rising after the company's annual shareholder meeting. Investors have been waiting for an announcement on a possible acquisition, and during the event, Naked said it had identified a target. “We have recently reached preliminary agreement on non-binding terms and are now conducting due diligence.
How much has Naked brand group's (Nakd) stock increased since June 14th?
Aug 20, 2021 · NAKD stock is rising after the company's annual shareholder meeting. Investors have been waiting for an announcement on a possible acquisition, and during the event, Naked said it had identified a...
How much is a Nakd stock worth?
Sep 24, 2021 · Shares of Naked Brand Group ( NAKD ) soared Friday, surging as much as 27.1%. As of 1:46 p.m. EDT, the stock was up 18.6%. The intimate apparel retailer has been on the prowl for a worthwhile ...
Will Nakd stock rise more or fall now?
Apr 03, 2022 · In the past three months, Naked Brand Group insiders have not sold or bought any company stock. 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. Only 8.12% of the stock of Naked Brand Group is held by institutions.
Will naked brands (Nakd) stock get a short squeeze?
These are some of the potential reasons why the stock price increased today. The stock price of New Zealand-based apparel company Naked Brand Group Ltd (NASDAQ: NAKD) surged 47.16% today as it went from a previous close of $0.0880 to $0.1295. And it was one of the most traded stocks on the NASDAQ today as the volume was over 610 million shares.
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 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
Is NAKD good stock to 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
Did Naked Brand get bought out?
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.Dec 10, 2021
Will NAKD stock recover?
NAKD stock became a hit with the Reddit trading crowd and has done well to fortify its balance sheet. It's now debt-free and has evolved into a pure-play e-commerce business. Unfortunately, there are several loopholes in its turnaround strategy, so it is unlikely things will change significantly for the company.Sep 16, 2021
Does NAKD stock squeeze?
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.Jul 20, 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.
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.
Why NAKD stock is going up
NAKD stock rose sharply on July 20 but was trading lower in the premarket on July 21. The rise was due to buying interest from traders on social media platforms. There was a successful short squeeze in Naked Brands stock earlier in 2021 and traders on social media platforms want another squeeze now.
Is another short squeeze coming in NAKD stock?
According to the data from Fintel, NAKD stock had a short volume ratio of 36 percent on July 20, which was up almost 10 percentage points over the previous day. The short volumes look juicy enough to trigger a short squeeze. That said, we’ll need some positive news flow to stimulate the buying in Naked Brands stock.
Naked Brands stock forecast on Reddit
Currently, NAKD stock isn't very popular on Reddit group WallStreetBets. However, there's a subreddit r/NAKDstock to discuss the stock. Like other meme stocks, the members of the community are talking about taking the stock to the moon. A post on the group talked about the increase in short volumes in Naked Brands.
Naked stock looks like a good buy
Sentiments can drive a stock's short-term price action. However, in the medium to long term, stocks trade based on their fundamentals. Looking at Naked Brands, like all meme stocks, it went overboard selling its shares as the stock rose. The company has $270 million in cash and no debt.
Will NAKD stock rise more?
After adjusting for $270 million cash, we get an enterprise value of around $272 million for Naked Brands. The company doesn’t generate much revenue right now. However, the sales and profitability should grow as it ramps up its e-commerce operations. Like all penny names, NAKD is a risky bet.
Will Naked Brands stock do a reverse stock split?
Naked Brands stock trades below $1 and if it continues to do so the company will have to go for a reverse stock split to meet the minimum listing requirements. While a reverse stock split doesn't change anything fundamentally for the stock—just like a split—stocks tend to fall on the news of a reverse stock split.