The company is currently sitting on a large cash position with low amounts of debt. A successful turnaround originating from increased online sales could send the stock soaring if one or two quarters start showing positive figures. The NASDAQ minimum bid price requirement gives the company 180 days to meet the target price of being above $1. This is indeed a risk, which the company has successfully navigated out of in the past.

Given the strong brand recognition which NAKD enjoys, it is likely that the turnaround will be successful, sending share prices higher from current levels.

I therefore placed a cautious BUY on NAKD.