Naked Wines (LON:WINE) Stock Passes Below 50 Day Moving Average - What's Next?

Key Points

• Naked Wines' stock price has fallen below its 50-day moving average of GBX 80.09, closing at GBX 79 ($1.07) with a trading volume of 61,622 shares.
• The company has reported a negative net margin of 7.18% and a PE ratio of -1,230.21, indicating ongoing financial challenges.
• Insiders have sold 148,918 shares worth £12.63 million in the last three months, while also purchasing 80,610 shares valued at approximately $6.49 million.

Naked Wines plc (LON:WINE - Get Free Report)'s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 80.09 ($1.09) and traded as low as GBX 79 ($1.08). Naked Wines shares last traded at GBX 79 ($1.08), with a volume of 61,622 shares traded.

Naked Wines Stock Performance

The firm's fifty day moving average price is GBX 80.47 and its 200-day moving average price is GBX 76.87. The company has a current ratio of 1.53, a quick ratio of 0.29 and a debt-to-equity ratio of 20.74. The company has a market cap of £55.39 million, a P/E ratio of -1,166.67, a P/E/G ratio of 0.40 and a beta of 1.26.

Naked Wines (LON:WINE - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported GBX (6.60) earnings per share for the quarter. Naked Wines had a negative net margin of 7.18% and a negative return on equity of 25.19%. As a group, research analysts forecast that Naked Wines plc will post 1.4166456 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jack Pailing acquired 58,810 shares of the firm's stock in a transaction on Wednesday, September 10th. The shares were purchased at an average cost of GBX 80 per share, with a total value of £47,048. Insiders have bought a total of 80,610 shares of company stock valued at $6,493,600 over the last quarter. Insiders own 16.08% of the company's stock.

Naked Wines Company Profile

Naked Wines plc, together with its subsidiaries, engages in the retailing of wines and spirits in the United Kingdom, the United States, and Australia. The company offers its products online.