Naked Brand (NASDAQ: NAKD) has been severely hurt by the pandemic and ongoing economic crisis. Therefore, NAKD couldn’t rise significantly since mid-March stock crush while others soared crazily. However, there is a light at the end of any tunnel. Today, NAKD is gaining at least 65% in premarket. Daily volume might rocket in million shares minimum.
Under $5 stock from NASDAQ is a very rare chance to make some physical cash if a smart investor applies the quick and right strategy. Penny stock is to rise anyway if the brand is well established and has enormous loyal fans. In case of Naked Brands Group, there are several prominent firms that could lift the revenue due to having a strong love of customers.
Let’s see where NAKD stops rising, right now it is crossing $0.50 by gaining large attention of traders.