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Naked Wines plc ( (GB:WINE) ) has issued an update.
Naked Wines has granted 1,726,971 new share options under its 2023 Long-Term Incentive Plan, comprising 172,696 nil-cost options and 1,554,275 options exercisable at £0.76, bringing total unvested equity awards to 5,761,213 shares, or about 8.03% of its issued share capital. Chief executive Rodrigo Maza and chief financial officer Dominic Neary received significant portions of these awards, which are subject to demanding performance conditions tied to continued employment, Adjusted EBITDA growth, free cash flow per share, and returns on equity and cash, as well as a share-price hurdle for market-value options, signalling an effort to tightly align top management’s remuneration with long-term financial performance and shareholder value creation.
The most recent analyst rating on (GB:WINE) stock is a Hold with a £79.00 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’s overall stock score reflects a challenging financial performance with declining revenue and profitability. However, the recent earnings call provided positive insights into cash generation and strategic improvements, which partially offset the negative valuation metrics. Technical indicators suggest a neutral market sentiment.
To see Spark’s full report on GB:WINE stock, click here.
More about Naked Wines plc
Naked Wines plc is an online wine retailer operating a subscription-style “Angel” model in the UK, US and Australia, funding independent winemakers upfront in return for exclusive access to more than 2,500 wines from over 300 producers across 23 countries. Founded in 2008, the company positions itself as a disruptive, customer-centric wine club focused on quality, choice, personalised recommendations and fair pricing for both consumers and winemakers.
Average Trading Volume: 163,899
Technical Sentiment Signal: Sell
Current Market Cap: £46.9M
Find detailed analytics on WINE stock on TipRanks’ Stock Analysis page.