NAKD - Naked Brand Group Limited

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
1.1100
-0.0100 (-0.89%)
At close: 4:00PM EST
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Previous Close1.1200
Open1.0800
Bid0.9800 x 1800
Ask1.0100 x 1300
Day's Range1.0800 - 1.1200
52 Week Range1.0300 - 93.0000
Volume527,292
Avg. Volume562,873
Market Cap11.48M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-106.8720
Earnings DateDec 19, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • NAKD Stock Has the Worst Chart I Have Ever Seen
    InvestorPlace

    NAKD Stock Has the Worst Chart I Have Ever Seen

    Naked Brand Foods Group (NASDAQ:NAKD) stock has been terrible, there's no other way to put it. NAKD stock is down 98.5% over the past year and 99.8% over the past two years. It has led to one of the worst charts I have ever seen.Source: Shutterstock The apparel company has gone through what I call "reverse split hell," essentially doing everything it can to keep its stock price above water and avoid being delisted from the stock exchange.Currently (and perhaps surprisingly), shares are still above $1, although that's the point of a reverse split.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNAKD stock underwent a 1-for-40 split in August 2015, a 1-for-5 split in June 2018, a whopping 1-for-100 split in December 2019. It's whittled the market cap down to less than $5 million as NAKD stock falls further and further off the radar. * The 7 Stocks That Cautious Investors Should Sell Now So what should investors do with the stock? Nothing. Absolutely nothing. They should leave it be and let it serve as a lesson for what happens when investors let losses run unchecked. NAKD Stock ChartSource: Chart courtesy of StockCharts.comA look at the chart shows just what I'm talking about. Is this not one of the worst charts you've ever seen?On a split-adjusted basis, the stock peaked at more than $1,100 per share and is now trading for close to $1. When you have the kind of action, the equivalent of a $100 stock falling to about 14 cents, it's the red flag of red flags.Some penny stock investors may be tempted to buy shares at $1.20 and flip it at $1.50. Or double their money on a possible rally to $2-plus. I can't say that action is impossible, but I sure wouldn't put my hard-earned money on it happening.These trades are erratic and volatile, with little predictability. It's also a gigantic red flag regarding the fundamentals, meaning a company with solid fundamentals would not have a chart like this.Dabbling with a name like NAKD is not investing or trading in my mind. It's a risky gamble. It ignores both the technical and fundamental discipline that traders and investors need to maintain in order to enter favorable setups. It's not that the stock can't double from this level, it's that the current setup does not suggest a position is a good idea. Bottom Line on Naked BrandsRevenue continues to sink with first-half sales falling more than 25%, while losses continue to erode the financials. As one might expect, the balance sheet is a disaster too.Current liabilities are nearly triple current assets, while total assets barely edge total liabilities. The former suggests the company will have trouble meeting its short-term obligations, while the latter suggests its long-term obligations will be hard to meet without an improvement in cash flow or operating income. Clearly that's not happening anytime soon.While Naked Brands announced a divestiture this week, it feels like too little too late. At least when it comes to investing in the common stock.So what should investors do? If you're not already holding a position, I would consider Naked Brands a learning opportunity; and one that can hopefully teach investors the dangers of holding onto a loser for too long before they actually experience it for themselves.On Wednesday, NAKD stock made a new all-time low. Literally any investor who has bought the stock and held until Jan. 22 has lost money. Most would have lost nearly every cent invested.Whether you are a fundamental investor, a technical trader or a blend of both, Naked Brand highlights why stop losses are not just important, but vital. Imagine owning the stock with a 20% stop loss, and while painful to take, avoiding a total wipeout in the name. I wouldn't view that as a 20% loss, I'd view it as saving 80%.There are two ways to learn: from others' mistakes or your own. The former is much less painful.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks on the Move Thanks to the Davos World Economic Forum * Invest in America's Most Trusted Brands With These 7 Stocks to Buy * 7 Earnings Reports to Watch Next Week The post NAKD Stock Has the Worst Chart I Have Ever Seen appeared first on InvestorPlace.

  • ACCESSWIRE

    Naked Brand Group Limited Announces Strategic Divestiture of Naked Brand

    SYDNEY / ACCESSWIRE / January 21, 2020 / Naked Brand Group Limited (NASDAQ:NAKD) ("Naked" or the "Company"), a global leader in intimate apparel and swimwear, has announced an agreement for the strategic brand divestiture of its Naked brand as part of the Company's ongoing strategic turnaround, which is expected to increase operational efficiencies firm-wide while providing new non-dilutive financing through the monetization of Naked brand trademarks. The company has exited the U.S. market with the Naked brand over the last 12 months as part of these strategic turnaround efforts. Per the terms of the agreement, the Naked brand trademarks will be sold to an Italian apparel company.

  • ACCESSWIRE

    Naked Brand Group Limited Announces Completion of Executive Team Appointments

    Key Hires Across Finance, Retail, Technology, Logistics and Merchandise to Lead the Business Back to Profitability SYDNEY / ACCESSWIRE / January 14, 2020 / Naked Brand Group Limited ( Nasdaq:NAKD ) ("Naked" ...

  • Continue to Stay Away From Naked Brands Stock
    InvestorPlace

    Continue to Stay Away From Naked Brands Stock

    Penny stocks are almost always high-risk, high-reward investments. Some of them are worth buying because they have visible and realistic pathways to at least tripling.Source: Tinseltown / Shutterstock.com That's why I've recommended some penny stocks before, like struggling department store operator Stage Stores (NYSE:SSI), Chinese premium electric vehicle maker NIO (NYSE:NIO), and hydrogen fuel cell maker Plug Power (NASDAQ:PLUG); all three of those penny stocks are up several times from their 2019 lows.But most penny stocks aren't worth investors' time or money because they don't have visible or realistic pathways to escaping penny-stock status. One such penny stock is Naked Brands (NASDAQ:NAKD), a largely irrelevant, unprofitable, and indebted intimate apparel company. NAKD stock price has dropped from a split-adjusted price tag of over $80 a year ago to under $2 today.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNAKD stock will continue to persistently fall for the foreseeable future because it lacks a clear and convincing pathway to profitability, making the debt load on its balance sheet seem like a ticking time bomb that will ultimately sink NAKD's ship.In other words, there's no reason to buy NAKD stock at this point. Zero is ultimately where this stock will go. Don't try to catch this falling knife on its way to worthlessness. * 8 of the Strangest Stocks Worth Your Time Naked Brands Has ProblemsThere are three big problems with Naked Brands. The first can be summed up succinctly: no one wants to buy what Naked Brands is selling.Naked Brands owns a portfolio of men's and women's intimate apparel brands, including various brands from Heidi Klum, Hickory, Bendon, and others. These brands are largely irrelevant in a a very crowded intimates marketplace that is dominated by L Brands (NYSE:LB), American Eagle (NYSE:AEO), Hanesbrands (NYSE:HBI), and many, many more.During Naked's fiscal 2019, its sales dropped 15% year-over-year, as U.S. retail sales were growing at a steady 3%-4% clip. Through the first half of Naked's FY20, the U.S. retail sales market has continued to grow at a steady 3%-4% clip. At the same time, Naked's sales have continued to plunge, dropping more than 25% year-over-year.In other words, the writing is on the wall for NAKD. No one wants to wear Hickory underwear or Bendon underwear. Considering how small these brands are -- Naked's sales were just $77 million last year -- and also considering how competitive the intimates marketplace is, it is very unlikely that trends will change in favor of NAKD anytime soon.So for the foreseeable future, demand headwinds will continue to weigh on Naked's sales growth. Profits Aren't ComingThe second and third problems with NAKD stock can also be summed up succinctly: Naked Brands won't strike a profit anytime soon, and because of that, the company's high debt will sink NAKD stock.Naked Brands won't be profitable anytime soon. Just look at the numbers. Its revenue is between $60 million and $80 million, with 30% to 35% gross margins, and an annual operating expense rate of about $50 million to $60 million. That combination won't produce profits.In order to become profitable, Naked Brands has to either: 1) essentially double its revenues to $150 million to offset its $50 million in annual operating spending and do so without upping its other expenses, or 2) cut its annual operating spending rate by more than half without losing any revenue.Neither of those things is going to happen. NAKD's sales won't turn the corner because of demand and competition issues. Its expenses won't drop because its management has been unable to cut expenses for several years, and any meaningful cost-cutting today would be accompanied by further sales erosion.As a result, Naked Brands will forever remain unprofitable.That puts tremendous pressure on the company's balance sheet, which features a lot of debt and little cash. Ultimately, if Naked Brands cannot become profitable, debt will sink NAJD, and NAKD stock will drop to zero. The Bottom Line on NAKD StockSome high-risk, high-reward penny stocks are worth buying. NAKD stock is not one of them. The shares of this largely irrelevant, unprofitable, and heavily indebted intimate apparel company aren't worth buying until its management can show that there is a clear and convincing pathway towards profitability and sales stabilization.As of this writing, Luke Lango was long NIO and PLUG. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 of the Strangest Stocks Worth Your Time * 7 Stocks to Buy That Trump's Tax Cut Truly Rewarded * 5 Stocks That Could Double in 2020 The post Continue to Stay Away From Naked Brands Stock appeared first on InvestorPlace.

  • ACCESSWIRE

    Naked Brand Group Limited Reports First Half Fiscal 2020 Financial Results

    Strategic Turnaround Significantly Reduces Debt & Improves Operational Performance While Rebuilding Optimal Inventory Levels SYDNEY / ACCESSWIRE / January 6, 2020 / Naked Brand Group Limited ( Nasdaq:NAKD ...

  • Is Naked Brand Group Limited (NAKD) Going to Burn These Hedge Funds?
    Insider Monkey

    Is Naked Brand Group Limited (NAKD) Going to Burn These Hedge Funds?

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through November 22nd. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 52% and 49% respectively. Hedge funds' top 3 stock picks returned 39.1% this year and beat the S&P […]

  • ACCESSWIRE

    Naked Brand Group Limited Reports First Half Fiscal 2020 Operational Results

    SYDNEY / ACCESSWIRE / August 28, 2019 / Naked Brand Group Limited (NASDAQ:NAKD) (“Naked” or the “Company”), a global leader in intimate apparel and swimwear, has reported its first half fiscal 2020 operational results for the six months ended July 31, 2019. Announced strategic brand divestiture initiative, through which the company is exploring the option to divest one or more of the brands in its portfolio as part of its new strategic direction to become an asset light direct to consumer business model with select strategic wholesale partners. Reduced trade payables to creditors by 51% year to date.

  • ACCESSWIRE

    Naked Brand Group Limited Announces Pricing of Registered Direct Offering

    SYDNEY, AUSTRALIA / ACCESSWIRE / August 15, 2019 / Naked Brand Group Limited (NASDAQ:NAKD) ("Naked" or the "Company"), a global leader in intimate apparel and swimwear, announced today that it has entered into securities purchase agreements with certain institutional investors providing for the purchase and sale of 28,571,429 ordinary shares at a price of $0.07 per share in a registered direct offering, resulting in total gross proceeds to the Company of approximately $2.0 million. The Company has also agreed to issue to the investors unregistered warrants to purchase up to 28,571,429 ordinary shares. The warrants have an exercise price of $0.07 per ordinary share, will be exercisable immediately and will expire five and one-half years following the date of issuance.

  • ACCESSWIRE

    Naked Brand Group Limited Granted 180-Day Extension by Nasdaq to Regain Compliance with Minimum Bid Price Rule

    SYDNEY, AUSTRALIA / ACCESSWIRE / August 7, 2019 / Naked Brand Group Limited (NASDAQ:NAKD) ("Naked" or the "Company"), a global leader in intimate apparel and swimwear, has received notification from the Listing Qualifications Department of the Nasdaq Stock Market that the company has been granted an additional 180-day period, or until February 3, 2020, to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq's Marketplace Rule 5550(a)(2) (the "Rule"). In addition, Naked has appointed Kelvin Fitzalan, former tax professional at PwC Australia to its board of directors.

  • ACCESSWIRE

    Naked Brand Group Limited Announces Pricing of Registered Direct Offering of Ordinary Shares and Private Placement of Warrants

    SYDNEY / ACCESSWIRE / July 22, 2019 / Naked Brand Group Limited (NASDAQ: NAKD) ("Naked" or the "Company"), a global leader in intimate apparel and swimwear, announced today that the Company has entered into securities purchase agreements with certain institutional investors, providing for the purchase and sale of 15,750,000 ordinary shares at a price of $0.10 per share in a registered direct offering, resulting in total gross proceeds to the Company of approximately $1.575 million. The Company has also agreed to issue to the investors unregistered warrants to purchase up to 15,750,000 ordinary shares. The warrants have an exercise price of $0.10 per ordinary share, will be exercisable immediately and will expire five and one-half years following the date of issuance.

  • ACCESSWIRE

    Naked Brand Group Limited Announces Strategic Brand Divestiture Initiative

    Company Exploring Strategic Options to Monetize Heritage Fayreform Brand SYDNEY / ACCESSWIRE / June 27, 2019 / Naked Brand Group Limited ( NASDAQ: NAKD ) ("Naked" or the "Company"), ...

  • ACCESSWIRE

    Naked Brand Group Limited to Host Business Update & Full Year Fiscal 2019 Financial Results Conference Call on Thursday, June 20, 2019 at 4:30 p.m. ET

    SYDNEY, AU / ACCESSWIRE / June 17, 2019 / Naked Brand Group Limited ( Nasdaq: NAKD ), a global leader in intimate apparel and swimwear, will hold a conference call on Thursday, June 20, 2019 at 4:30 p.m. ...

  • ACCESSWIRE

    Naked Brand Group Limited Reports Full Year Fiscal 2019 Financial Results

    Company Deploys New Targeted Growth Initiatives Following Strategic Recapitalization and Planned Return to Operational Profitability Second half of Fiscal 2020 SYDNEY / ACCESSWIRE / June 14, 2019 / Naked ...

  • ACCESSWIRE

    Naked Brand Group Limited Appoints David Anderson as Chief Financial Officer

    SYDNEY, AU / ACCESSWIRE / June 11, 2019 / Naked Brand Group Limited (NASDAQ: NAKD) ("Naked" or the "Company"), a global leader in intimate apparel and swimwear, has appointed experienced financial executive and proven business leader David Anderson as the company's new chief financial officer. Anderson will succeed Howard Herman, current chief financial officer who will remain with the company until June 17, 2019 and through the company's upcoming 20-F filing. Mr. Anderson joins Naked from his role as Head of Finance for Goodman Fielder, one of the largest consumer goods companies in New Zealand, where he oversaw all financial aspects of the business and led numerous successful accretive acquisitions.

  • ACCESSWIRE

    Naked Brand Group Limited Signs Definitive Agreement for $1.5 Million Strategic Investment from TokenPay Swiss AG

    SYDNEY / ACCESSWIRE / May 14, 2019 / Naked Brand Group Limited (Nasdaq: NAKD) ("Naked" or the "Company"), a global leader in intimate apparel and swimwear, has signed a definitive agreement for a private placement of ordinary shares for aggregate gross proceeds of approximately $1.5 million with TokenPay Swiss AG, a holding company that invests in companies that incorporate blockchain technology products and services. TokenPay Swiss AG is one of Naked's largest institutional shareholders and in conjunction with the strategic investment, Naked and TokenPay agreed to integrate TokenPay and Bitcoin with its direct to consumer online payment portals. "This agreement with TokenPay reinforces our commitment to improving our customer experience by accepting new forms of payment on a global scale," said Anna Johnson, Chief Executive Officer of Naked Brand Group Limited.

  • ACCESSWIRE

    Naked Brand Group Limited Appoints Anna Johnson as Chief Executive Officer

    SYDNEY, AU / ACCESSWIRE / April 3, 2019 / Naked Brand Group Limited (NASDAQ: NAKD) (''Naked'' or the ''Company''), a global leader in intimate apparel and swimwear, has appointed Anna Johnson, former EGM of the Company's wholly owned subsidiary, Bendon Limited (''Bendon''), as the Company's new CEO, following the completion of its recent strategic financing and debt re-structuring. Anna Johnson brings to Naked a track record of over 25 years' experience driving growth across a number of industries including consumer electronics, outdoor adventure and intimate apparel. Prior to rejoining Bendon, Ms. Johnson was EGM of operations with The Warehouse Group (NZE:WHS), one of New Zealand's largest publicly listed companies, where she oversaw $1 billion of revenue and a 93-store footprint.

  • ACCESSWIRE

    Naked Brand Group Limited Signs Definitive Agreement for $3.9 Million Private Placement and Completes Debt Restructuring with Key Manufacturing Partners

    SYDNEY, AU / ACCESSWIRE / March 28, 2019 / Naked Brand Group Limited (NASDAQ: NAKD) ("Naked" or the "Company"), a global leader in intimate apparel and swimwear, has signed a definitive agreement for a private placement of restricted common stock and warrants for aggregate gross proceeds of approximately $3.9 million with accredited investors led by Los Angeles-based family office Acuitas Capital and including Naked CEO, Justin Davis-Rice. In conjunction with the private placement, Naked completed a $5.35 million debt restructuring in exchange for common stock at $0.40 per share with key global manufacturing and strategic partners within the company's wholly owned brand, Bendon Limited.

  • GlobeNewswire

    Naked Brand Group Limited Receives NASDAQ Notice of Minimum Bid Price Non-Compliance

    Naked Brand Group Limited (NAKD) (“Naked” or the “Company”), a global leader in intimate apparel and swimwear, has received a letter from the Listing Qualifications Department of The Nasdaq Capital Market (“Nasdaq”) notifying the company that the minimum bid price for the company’s common stock was below $1.00 per share for a period of 30 consecutive business days, and that the company did not meet the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2).