Naked Brand Group Limited (NASDAQ: NAKD) Surges To Cross $1 Barrier

Mid-term climbing NASDAQ: NAKD reaches $1.00 at 9:00 AM EDT. On Monday, the stock gained 4.62% making up $0.6790. Investors faithfully increased total daily volume to 9,248,925 shares when 1,909,481 units are traded on average.

Revenue for Q1 2020 could not rise but its cost fell seriously. Consequently, operating loss decreased by $3 million. However, net loss soared to $-54,305,000 from Q4 2019’s $-49,220,000.

Naked Brand is obviously overvalued on the market while its actual value is seriously petty as compared. 12 months based EPS stays negative at $1.4940. The old brand is having a tough competition online and on retail markets that are full of foreign brands coming from Europe and Asia.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life