Summary: Naked Brand Group, an intimate apparel and swimwear retailer, is now rebranded as Cenntro Electric Group Limited, a company designing, manufacturing, and distributing electric urban delivery vehicles. Therefore, investors will have to buy Cenntro stock available for purchase on online investment platforms such as eToro.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
About Naked Brand
Naked Brand Group was an intimate apparel and swimwear company based in New Zealand. However, the company went through a strategic shift that led to the acquisition of the United States-based auto retailer Centro Automotive Group (NASDAQ: CENN).
Instead of incorporating Cenntro Electric into Naked Brands’ existing operations, the company divested its original business to venture into a new industry. As a result, Naked Brand Group rebranded itself as Centro Auto and transitioned its business focus from lingerie and swimwear to automotive retail.
How to buy Naked Brand stock: Step-by-step
To invest in Naked Brand, i.e., buy Cenntro stock, you can:
- Find a broker: Find a brokerage platform that lists CENN shares;
- Register and fund your account;
- Place a trade: Find the stock on the broker’s platform and place a trade;
- Monitor your investment.
Step 1: Find a broker
To start investing, take some time to find a trustworthy, regulated brokerage that lists CENN stock.
Our recommended brokerage for automotive stocks is eToro, a leading stock trading platform with millions of users and trading features such as:
- Commission-free stock and ETF trading;
- Over 2,000 stocks from 17 different exchanges;
- Fractional shares;
- Charting tools;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
Step 2: Fund your account
Next, you can register and fund your account. To register, follow the guidelines outlined by the broker, as procedures may differ across platforms. Concerning funding, initiate a transfer of funds from your bank account to your brokerage account. Prominent platforms generally offer a range of funding alternatives, such as:
- Bank transfers;
- Wire transfers;
- Electronic funds transfers (EFTs);
- Third-party payment aggregators such as PayPal.
Step 3: Place a trade
Once the funds have been transferred, you can proceed with placing your orders. Just follow these steps:
- Log in on your broker’s website;
- Find CENN;
- Specify the number of shares you wish to buy (or the dollar amount you wish to invest);
- Select order type (i.e., market, limit, stop-loss, etc.);
- Review all the details again;
- Execute the trade.
Step 4: Monitor your investment
When buying stocks, it’s essential to actively track your investments to ensure they are performing as expected.
Begin by utilizing the charting tools and market analysis capabilities provided by your brokerage platform to monitor fluctuations in stock prices. Moreover, consider broadening your investment portfolio by exploring new stock opportunities.
Furthermore, you can bolster your investment confidence by experimenting with copy-trading, enabling you to emulate the successful trading strategies of seasoned investors on your platform.
Should you come across a more appealing investment opportunity, maintain adaptability and adjust your trading strategy to optimize long-term returns. This might involve selling your CENN shares if chart indicators advise it as a prudent decision.
Disclaimer: TradingView does not recommend trading financial instruments based exclusively on the advice of the Technical Rating indicator. These recommendations cannot predict future movements and are meant as assistance for spotting potentially favorable buy/sell conditions if this is consistent with their strategy.
Cenntro stock price today
Pros and cons of investing in Cenntro
Pros
- Environmental impact: By investing in EV stocks, you contribute to the shift towards cleaner energy and diminish the carbon footprint linked with conventional vehicles. This makes EV stocks a solid ESG investment;
- Innovation and growth: The EV industry is driving technological progress, so you can engage in a swiftly developing sector.
Cons
- Volatility: EV company stocks often experience significant fluctuations, driven by factors like market sentiment, regulatory shifts, and competition dynamics;
- Competition risks: The EV market is highly competitive, which may alter market share and profitability dynamics;
- Infrastructure challenges: Any delays in infrastructure development could impede the growth trajectory of the EV industry.
FAQs about how to buy Cenntro stock
What is Cenntro’s stock ticker?
The Cenntro stock ticker is CENN.
Where to buy Cenntro stock?
You can buy Cenntro stock on online investment platforms such as eToro.
How to buy Cenntro stock?
To buy Cenntro stock, you can open an account at an online stock trading platform such as eToro.
Does Cenntro pay dividends?
No, Cenntro does not pay dividends.
Is Naked Brand the same as Cenntro Electric?
Yes, Naked Brand rebranded as Cenntro Electric.
Who owns Naked Brand?
Naked Brand, rebranded as Cenntro Electric, is a publicly-traded company and a subsidiary of Cenntro Corporation.
What did CENN stock used to be?
CENN stock used to be NAKD.
What is the new name for NAKD stock?
The new NAKD stock name is CENN.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
