Naked Brand Group Limited (NASDAQ:NAKD)’s stock adds 5.66%, but it may be worth investing in

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Naked Brand Group Limited (NASDAQ:NAKD) price closed higher on Friday, Mar 26, jumping 5.66% above its previous close.

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A look at the daily price movement shows that the last close reads $0.72, with intraday deals fluctuated between $0.7270 and $0.8900. The company’s 5Y monthly beta was ticking 0 while its P/E ratio in the trailing 12-month period read 0. Taking into account the 52-week price action we note that the stock hit a 52-week high of $3.4 and 52-week low of $0.07. The stock lost -33.32% on its value in the past month.

On the technical perspective front, indicators give NAKD a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

Turning out attention to how the Naked Brand Group Limited stock has performed in comparison to its peers in the industry, here’s what we find: NAKD’s stock is +5.66% on the day and +63.64% in the past 12 months, while Lululemon Athletica (LULU) traded +2.54% in the last session and was positioned +56.37% up on its price 12 months ago. Another comparison is with V.F. Corp (VFC) whose stock price was up 2.69% in the last trading session, and has flourished +29.52% over the past year. Also, Under Armour (UAA) showed uptrend of 5.66% while its price kept floating at 63.64% over the past year. As for Naked Brand Group Limited, the P/E ratio stands at 0 lower than that of Lululemon Athletica’s at 73.78 and V.F. Corp’s 0. Elsewhere in the market, the S&P 500 Index has rallied 1.66% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with +1.39%.

An analysis of the Naked Brand Group Limited (NASDAQ:NAKD) stock in terms of its daily trading volume indicates that the 3-month average is 214.43 Million. However, this figure increases on the past 10-day timeline to an average of 85.23 Million.

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Current records show that the company has 641.48 Million in outstanding shares. According to data from Thomson Reuters, insiders’ percentage holdings are 0.4% of outstanding shares while the percentage share held by institutions stands at 0.82%. The stats also highlight that short interest as of March 14, 2021, stood at 34.97 Million shares, which puts the short ratio at the time at 0.36. From this we can glean that short interest is 5.45% of company’s current outstanding shares. Notably, we see that shares short in March fell slightly given the previous month’s figure stood at 42.91 Million. But the +295.89% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.