Today’s big question for investors is, “what’s going on with Naked Brand Group Limited (NASDAQ:NAKD) stock? Its price is nose-diving 0 points, trading at $0.03 levels, and is down 11.8% from its previous close of $0.03. The shares seem to have an active trading volume day with a reported 21614150 contracts so far this session. NAKD shares had a relatively better volume day versus average trading capacity of 17.97 million shares, but with a 0.2 billion float and a -8.13% run over a week, it’s definitely worth keeping an eye on. NAKD share price has been trading recently between $0.0301 and $0.032.
During the recent trading session for Naked Brand Group Limited (NASDAQ:NAKD), the company witnessed their stock rise $unch over a week and tumble down $-0.01 from the price 20 days ago. When compared to their established 52-week high of $1.31, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 07/12/18. The recent low of $0.03 stood for a -97.4% since 04/12/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Naked Brand Group Limited, the two-week RSI stands at 40.29. This figure suggests that NAKD stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current NAKD readings is similarly very revealing as it has a stochastic reading of 20.8% at this stage. This figure means that NAKD share price today is being overbought.
Technical chart claims that Naked Brand Group Limited (NAKD) would settle between $0.03/share to $0.03/share level. However, if the stock price goes below the $0.03 mark, then the market for Naked Brand Group Limited becomes much weaker. If that happens, the stock price might even plunge as low as $0.03 for its downside target.
Moving on, NAKD stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/E ratio is 0 while for the average stock in the same group, the multiple is 21.9. Naked Brand Group Limited current P/B ratio of 1 means it is trading at a discount against its industry’s 3.6.