Consumer Cyclical

Is Naked Brand Group Ltd (NASDAQ: NAKD) Stock a Buy After The Recent Move?

Lingerie-selling Naked Brand Group Ltd (NASDAQ: NAKD) was trading at $0.70, down 2.85% on Wednesday. However, in the after-hours, the stock was up 0.42%. Its yearly range is $0.066 – $3.40. This underscores that NAKD is nowhere close to being attractive.

The stock has been declining since the beginning of the year. Even though it started off at a price of $0.22 on January 4, in February it had touched $1.17. Throughout February until the beginning of March, the stock had remained above $1, but then crashed and continued to remain so. Since then, it has been able to move past 80 cents.

The market capitalization of NAKD is 542.11M USD and its average share trading volume is 104.88M. On June 15, the shares that were trading were just 55 Million. It has been a ripe ride for NAKD so far, and there seems no foreseeable solution to boost its stock. Whether the investors should buy this stock or not? The answer is- it’ll leave you “naked,” at least in the present circumstances.