Naked Wines (LON:WINE) Trading 5.6% Higher - Time to Buy?

Key Points

• Naked Wines plc shares saw a 5.6% increase in trading, reaching GBX 79 ($1.06) after closing at GBX 74.80 ($1.01).
• The company's recent earnings report showed a negative earnings per share of GBX (6.60) and a negative net margin of 7.18%.
• Insiders have purchased a total of 90,610 shares worth approximately $7,273,600 over the last 90 days, indicating confidence in the company's future.

Naked Wines plc (LON:WINE - Get Free Report) shares traded up 5.6% during trading on Friday . The stock traded as high as GBX 80.60 ($1.09) and last traded at GBX 79 ($1.06). 90,060 shares changed hands during trading, a decline of 67% from the average session volume of 273,218 shares. The stock had previously closed at GBX 74.80 ($1.01).

Naked Wines Price Performance

The firm's 50-day moving average price is GBX 81.28 and its 200-day moving average price is GBX 78.78. 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 stock has a market capitalization of £56.83 million, a PE ratio of -1,196.97, a PEG ratio of 0.40 and a beta of 1.26.

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

Insider Activity

In other news, insider Rodrigo Maza acquired 10,000 shares of Naked Wines stock in a transaction that occurred on Tuesday, September 30th. The shares were bought at an average cost of GBX 78 per share, with a total value of £7,800. Also, insider Jack Pailing acquired 58,810 shares of Naked Wines stock in a transaction that occurred on Wednesday, September 10th. The stock was purchased at an average cost of GBX 80 per share, for a total transaction of £47,048. Insiders have bought a total of 90,610 shares of company stock worth $7,273,600 over the last 90 days. Corporate 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.

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