Growth stocks often trade at massive premiums to their current revenue and earnings, and so it's exciting when they trade at substantial discounts to their highs. Let's explore the reasons why two beaten-down growth stocks -- Virgin Galactic (NYSE: SPCE) and Luckin Coffee (OTC: LKNC.Y) -- could soar back to life. Trading for just $25 per share, Virgin Galactic is down by some 60% from its 52-week high.
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