(NASDAQ: PTON) has taken investors on a wild ride in the last few years. This mimics the up-and-down nature of the underlying business. Once on top of the world, the company is trying to get back on solid footing.

Prospective investors looking to add this high-risk business to their portfolios should take the time to understand the recent past. If you invested $1,000 in this consumer discretionary stock three years ago, you'd be sitting on a balance of $40 today, translating to a gut-wrenching loss of 96% (as of Jan. 29).

Let's take a closer look at Peloton's story before figuring out if this should be on your investing radar.

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Source Fool.com