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Is It Too Late to Buy Chegg Stock?

by CoinNews

Chegg (NYSE: CHGG) took investors on a wild ride over the past decade. The online education company went public at $12.50 in November 2013, and its stock eventually hit an all-time high of $113.51 on Feb. 12, 2021.

But today it’s only worth about $10 a share. Therefore, a $1,000 investment in Chegg would have briefly blossomed to more than $9,000 before withering to about $800 today, Does the end of that roundtrip mean it’s too late to buy Chegg’s stock? Or does it still hold some value for patient investors who can look past all its near-term challenges?

Image source: Getty Images.

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