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Tuesday, October 20, 2020

Is Now the Time to Invest in Naked Brand Group Limited (NASDAQ:NAKD)?

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Naked Brand Group Limited (NAKD) shares are trading at lower $0.15.

To add more color to this target, the company’s high over the last year is $6.96 and the low is $0.14. Over the last 52 weeks, NAKD is down -96.29% while the S&P 500 is up 11.54%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

NAKD booked profit margins of -60.30%, its Return on Equity (ROE) is -887.20%, and its Return on Assets is -66.30%. All told, it is clear that, NAKD needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. NAKD has a short ratio of 0.15 and outstanding shares of 43.51M.

Company Outlook

NAKD has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 14.11 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -45.61. Naked Brand Group Limited NAKD also noted assets of $41.04 million at the end of the last quarter. Investors should also keep an eye on sector updates as NAKD has historically followed its peers on positive news.

All told, Naked Brand Group Limited NAKD has strung together solid data and demonstrated underlying fundamentals. At its current valuation, NAKD represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Naked Brand Group Limited NAKD is now commanding a market cap of 7.48M and a float of 7.12M. NAKD is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of NAKD stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in NAKD, either long or short, and we have not been compensated for this article.

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