What makes you think naked is going to pop off like that?
A few things:
Taking off is relative. If it goes to $5 I still hit a lick. NAKD has a good entry price point vs GME, AMC and other “meme” stocks at about 1.70. Getting in on the ground floor is going to be appealing to people whe. Word really gets out.
Unlike other companies that received a meme-bump NAKD has made moves off of the hype. They’re switching from physical to mainly e-commerce which should dramatically lower costs and improve revenue.
The company is heavily shorted which contributes to a squeeze for short term investors.
They’re about to receive compliance and stay listed on the stock exchange (vs going OTC) for maintaining a stock price above $1 for 10 consecutive days. This will equal more publicity and investors.
An investment firm just purchased $50M worth of shares at a price of 1.70 each. They did the research and determined that’s the floor when it comes to valuation. Any portfolio with avg. buy price less than that should see decent returns short term and good returns long term.
Finally, I just like the stock
I’m not a financial advisor and I don’t give financial advice. I’m just a breh with enough common sense to tell when other people are making enough sense to turn my cents into dollars.
