Market cap: $0.68 Billion
As of March 2022 Naked Brand has a market cap of $0.68 Billion. This makes Naked Brand the world’s 4688th most valuable company by market cap according to our data.
Similarly, What is NAKD new ticker?
FREEHOLD, N.J., January 13, 2022–(BUSINESS WIRE)–Cenntro Electric Group Limited (NASDAQ: NAKD), a leading EV technology company with advanced, market-validated electric commercial vehicles, today announced that its trading symbol on the Nasdaq Capital Market (NASDAQ) will change from « NAKD » to « CENN » at the open of …
What happened 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.
Thereof, What happened NAKD brand?
As a result of this transaction, Naked Brand will change its name to Cenntro Automotive Group. However, it will keep its existing NAKD ticker. The company also announced that it has sufficient capital to complete the acquisition.
How much is a share of NAKD?
NAKD Price/Volume Stats
| Current price | $2.61 | 52-week high |
|---|---|---|
| Day low | $2.60 | Volume |
| Day high | $3.06 | Avg. volume |
| 50-day MA | $7.75 | Dividend yield |
| 200-day MA | $8.86 | Market Cap |
Is NAKD a buy or sell?
Barchart Opinion
| Composite Indicator | ||
|---|---|---|
| TrendSpotter | Sell | |
| 50 – Day Average Volume: 5,490,481 | Average: 100% Sell | |
| Long Term Indicators | ||
| 100 Day Moving Average | Sell |
• 13 janv. 2022
Is CENN a NAKD?
Thankfully, Naked Brand Group transitioned into Cenntro Electric Group < NASDAQ:CENN> and NAKD has been replaced with CENN stock. Just to recap, Naked Brand Group was the ill-fated purveyor of lingerie and swimwear online. E-commerce is hot, sure, but Naked Brand Group wasn’t ever much of a revenue generator.
What stock did CENN use?
NAKD Stock is Now CENN Stock
On Jan. 14, the transformation of Naked Brands to Cenntro was complete.
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.
What will happen to NAKD stock after merger?
Per the terms of the merger, existing NAKD shareholders will own 30% of the combined company. Cenntro’s existing investors will hold the other 70%.
What ETF is NAKD in?
Through FOH, Co. is the licensee of the Frederick’s of Hollywood global online license, under which it sells Frederick’s of Hollywood intimates products, sleepwear and loungewear products, swimwear and swimwear accessories products, and costume products.
…
| ETF | NAKD |
|---|---|
| EPS | -0.075969 |
What is Naked future?
When you sell a naked call or put option, you have no underlying assets or open position in the futures market to protect you from an unlimited loss, if the market goes against you.
Is Naked stock a 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.
Why is naked stock going 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.
When did NAKD become CENN?
NAKD Stock is Now CENN Stock
On Jan. 14, the transformation of Naked Brands to Cenntro was complete.
Is Cenntro stock a good buy?
Bottom Line: Consider Cenntro a Cautious Buy
Nevertheless, with its reverse merger/reverse stock split causing such a sharp slide in its share price, the price is right when it comes to taking a chance on it. If it fails to take off, it’ll likely continue its descent to lower prices.
Why did NAKD change to CENN?
It managed brands such as Fredericks of Hollywood, and sold these through stores and, more recently, e-commerce operations. However Naked’s business collapsed during Covid-19, leading it to reverse merge with Cenntro Electric Group (NASDAQ:CENN). In doing so, shares changed from “NAKD” to the new CENN stock ticker.
What happened Centro Electric?
Cenntro Electric stock fell after the company published a 13D filing with the Securities and Exchange Committee (SEC) outlining ownership stakes in the company and a previously unknown lockup period for a substantial portion of the company’s outstanding shares.
Who owns Cenntro Electric?
Board of Directors
| Peter Zuguang Wang Chairman, Chief Executive Officer & MD | Greenland Technologies Holding Corp., Zhongchai Holding (Hong Kong) Ltd., Cenntro Electric Group Ltd., Trendway Capital Ltd., Cenntro Enterprise Ltd. |
|---|---|
| Joe Tong Independent Non-Executive Director | Cenntro Electric Group Ltd. |
Why is Naked Brand stock so low?
In fact, the stock has now lost 99.9% of its overall value in the last three years. That level of extreme value destruction has come as a result of falling sales, rising losses and extreme dilution. In fact, Naked’s outstanding share count is up a mind-boggling 340,400% over those three years.
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