Naked Wines (LON:WINE) Shares Cross Above 50 Day Moving Average – What’s Next?

Shares of Naked Wines plc (LON:WINE) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 72.76 and traded as high as GBX 76.01. Naked Wines shares last traded at GBX 74.60, with a volume of 283,870 shares changing hands.

Analysts Set New Price Targets

Separately, Panmure Gordon reiterated a “buy” rating and issued a GBX 150 price objective on shares of Naked Wines in a report on Thursday, November 20th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Naked Wines has an average rating of “Buy” and a consensus target price of GBX 150.

Naked Wines Trading Up 1.9%

The company has a market cap of £53.40 million, a PE ratio of -35.52, a price-to-earnings-growth ratio of 0.40 and a beta of 1.26. The company’s 50 day simple moving average is GBX 72.76 and its two-hundred day simple moving average is GBX 76.03. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.53 and a quick ratio of 0.29.

Naked Wines (LON:WINE) last released its quarterly earnings results on Tuesday, December 9th. The company reported GBX (4.30) 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%. As a group, sell-side analysts anticipate that Naked Wines plc will post 1.4166456 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Jack Pailing purchased 16,350 shares of the stock in a transaction dated Thursday, January 29th. The stock was acquired at an average cost of GBX 74 per share, for a total transaction of £12,099. 17.08% of the stock is owned by company insiders.

About Naked Wines

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.