We are conducting system maintenance, which may temporarily affect some services and our ability to answer phone calls. For urgent queries, please contact us via email using the addresses on our contact page. We appreciate your patience and are working to restore full services promptly. Thank you for your cooperation!
0
Signin
countryflagUS

18889881171

MSFT 416.9992 0.2113% AAPL 231.83 0.0216% NVDA 138.895 2.3394% GOOGL 163.53 -0.9869% GOOG 165.1 -0.9836% AMZN 187.78 0.4762% META 578.1245 0.2314% AVGO 183.5976 3.8331% TSLA 220.4371 -0.4034% TSM 207.9713 10.9299% LLY 917.515 -0.5652% V 289.845 0.8086% JPM 224.705 0.4762% UNH 568.2 -0.5496% NVO 118.43 0.3389% WMT 80.845 -0.4617% LVMUY 131.3 0.6439% XOM 120.36 -0.2486% LVMHF 659.0 1.0345% MA 513.11 -0.1867%

small-cap

Steer Clear of This NASDAQ-Listed Small-Cap Stock – NAKD

Jan 12, 2022 | Team Kalkine
Steer Clear of This NASDAQ-Listed Small-Cap Stock – NAKD

Cenntro Electric Group Limited

Cenntro Electric Group Limited (NASDAQ: NAKD) is a business that manufactures intimate apparel and swimwear. A portfolio of company-owned and licensed brands is designed, manufactured, and marketed by the company.

Key Highlights

  • The company reported a decline of 20.21% in revenues to USD 6.57 million during H1FY21 (ended July 31, 2021) compared to USD 8.24 million during H1FY20.
  • Net loss during H1FY21 increased to USD 48.77 million from USD 11.56 million in H1FY20.
  • On December 31, 2021, NAKD reported that the previously announced acquisition of the outstanding capital stock of three Cenntro Automotive Group entities was completed. After the transaction was completed, the company changed its name to "Cenntro Electric Group Limited".
  • The company operates at a significantly lower net margin of -53.4% in Q2FY21 vs. an industry median of 12.0%.
  • Stock is currently trading below its crucial long-term as well as short-term 50-day and 200-day SMA support levels, a bearish indicator.
  • Stock is made a new 52 week low today.
  • NAKD's share price has declined 67.14% and 58.29% in the past three and six months.

Technical Price Chart (as of January 12, 2022). Analysis by Kalkine

Conclusion: Given the lackluster fundamentals, a significant correction in the stock price in the past three months and lack of visibility in bottom-line growth, we recommend an "Avoid" rating on the stock at the current price of USD 3.34, down 3.75% as of January 12, 2022, at 9:56 AM ET.

*The reference data in this report has been partly sourced from REFINITIV.  

Blue-Chip
One NYSE – Listed Brokerage Services Stock Trading Near Resistance Levels: SCHW
Oct 17, 2024 Team Kalkine
Blue-Chip
NASDAQ- Listed Capital Markets at Resistance Level: CME
Oct 17, 2024 Team Kalkine
Mid-Cap
One NASDAQ- Listed Bitcoin Mining Stock at Resistance Level: CLSK
Oct 17, 2024 Team Kalkine
Small-Cap
Technical Analysis on One NASDAQ- Listed Mining Stock- OMEX
Oct 17, 2024 Team Kalkine
Mid-Cap
One Energy Company Approached Overbought Zone - PDN
Oct 16, 2024 Team Kalkine
Disclaimer-

Kalkine Equities LLC provides general information about companies and their securities. The information contained in the reports, including any recommendations regarding the value of or transactions in any securities, does not take into account any of your investment objectives, financial situation or needs. Kalkine Equities LLC is not registered as an investment adviser in the U.S. with either the federal or state government. Before you make a decision about whether to invest in any securities, you should take into account your own objectives, financial situation and needs and seek independent financial advice. All information in our reports represents our views as at the date of publication and may change without notice.

Kalkine Media LLC, an affiliate of Kalkine Equities LLC, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.