Naked Brand (NASDAQ: NAKD) stock has continued to run at low levels over the past few months. Despite NAKD is a meme stock which were favored by retail investors, it can not help. 

This stock had hope before. The company's shareholders had previously approved the divestiture of its unprofitable brick-and-mortar operations in order to concentrate more resources to its e-commerce business, but it seems that it is not easy to compete with powerful e-commerce companies such as Amazon. Naked previously said that it had more than $200 million in cash and no debt, these money can continue to burn in its e-commerce business for a while, but what happen next when the money burned out?

Additionally, NAKD stock is in danger of delisting. If the company's stock price is below $1 for a period of 30 consecutive business days, it will remove from Nasdaq. NAKD stock is currently at $0.54 per share, it is not clear if the company has more positive news, so, it is not a good time to buy the stock now.

Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.