In a market full of growth stocks, Naked Brand stock looks very attractive. The company recently completed the acquisition of an electric vehicle startup, Cenntro Automotive. That acquisition could result in significant growth in the company’s stock. However, there are also a few risks. It may not be a good idea to invest in Naked Brand stock if it continues to lose money.
If you’d like to buy Naked Brands stock, you’ll need to open a brokerage account. Several brokers offer free or commission-based trading platforms. You’ll then need to determine how many shares you want to buy and how much risk you’re willing to take. Once you have decided to invest in Naked Brands, it’s time to start researching your options.
You may want to take a long position in NAKD stock if you believe the company is headed for a turnaround. If it’s able to reverse its decline from the end of last year, it could return as much as 2,000% within a month. However, remember that momentum can be very volatile and that the price of NAKD stock could go up or down substantially in a matter of days.
The company recently completed a reverse stock split, consolidating 15 shares into a single share. This move was intended to boost its share price in preparation for its merger with Cenntro Automotive. The deal was approved at a recent shareholder meeting, and the company expects to close the deal before the end of the year.