Naked Brands (NAKD) Momentum Is Back In Action: A Good Buy Now?

Naked Brands (NASDAQ:NAKD) stock is up almost 160% this year, but investors enjoyed gains of around 650% at one point. Interestingly, some of these gains were a result of the low-priced stocks craze. Traders capitalized on the opportunity when they heard that Naked Brands was pivoting into an e-commerce brand.

Naked Brands (NAKD) Momentum Is Back In Action: A Good Buy Now?

However, from late January to early March, the stock shed 46%, and in the past two months, it has dropped another 31%. Despite the ups and downs, traders who bought the stock at the beginning of the year could be sitting on considerable gains.

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The company has been struggling to add revenue to a competitive and growing sector. The company’s trailing 12-month revenue was $82.54 million from its recent financial results, with a trailing 12-month profit of $33.99 million. Naked Brands has an EBITDA of $25.61 million. The numbers don’t look impressive for a company that has been around for long, but it is taking the right steps for a comeback. The results don’t reflect in the stock, and it is worth keeping an eye on it.

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Uson Abdilazhanov

Editor and Computer Expert A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.