APRN - Is Blue Apron Stock a Buy?
At the beginning of 2020, Blue Apron 's (NYSE: APRN) days seemed numbered. The meal kit maker was experiencing double-digit declines in customers and revenue, it remained deeply unprofitable, and it faced a growing number of aggressive competitors.
But then the pandemic hit. After declining for more than two straight years, Blue Apron's revenue started to rise again as more people stayed at home and ordered meal kits. Investors noticed those improvements, and the company's stock stabilized and has risen about 15% over the past 12 months. Could Blue Apron's beaten-down stock finally be worth buying again?
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Is Blue Apron Stock a Buy?