Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Naked Wines plc ( (GB:WINE) ) has shared an announcement.
Naked Wines plc announced the purchase of 50,000 of its ordinary shares as part of its share buyback program, with all shares bought at 85 pence each. This transaction reduces the total number of shares in issue to 73,209,635, impacting the company’s voting rights and potentially affecting shareholder interests under the FCA’s rules.
The most recent analyst rating on (GB:WINE) stock is a Buy with a £95.00 price target. To see the full list of analyst forecasts on Naked Wines plc stock, see the GB:WINE Stock Forecast page.
Spark’s Take on GB:WINE Stock
According to Spark, TipRanks’ AI Analyst, GB:WINE is a Neutral.
Naked Wines plc has a moderate overall stock score driven by strong technical momentum and promising cash flow improvements. However, significant challenges in profitability and valuation concerns due to a negative P/E ratio weigh heavily on the score. The company’s strategic initiatives and recent corporate events provide optimism for future recovery, but immediate financial and valuation challenges remain.
To see Spark’s full report on GB:WINE stock, click here.
More about Naked Wines plc
Naked Wines is an innovative online wine retailer founded in 2008, focusing on quality, choice, and fair pricing. The company operates a unique business model by funding winemakers upfront, which allows them to produce exceptional wines without financial constraints, while passing savings to customers. Naked Wines connects wine enthusiasts with over 300 independent winemakers and offers more than 2,500 wines from 23 countries to its Angel customers in the UK, US, and Australia.
Average Trading Volume: 185,418
Technical Sentiment Signal: Hold
Current Market Cap: £61.88M
See more insights into WINE stock on TipRanks’ Stock Analysis page.