|Bid||25.07 x 1400|
|Ask||25.16 x 800|
|Day's range||24.81 - 25.89|
|52-week range||14.27 - 62.80|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||03 Nov 2021 - 08 Nov 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||31.82|
LAS CRUCES, N.M., September 23, 2021--Virgin Galactic announces veteran human resources executive Aparna Chitale will join the company as its Chief People Officer
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.
Shares of Fastly (NYSE: FSLY), Pinterest (NYSE: PINS), and Virgin Galactic Holdings (NYSE: SPCE) all fell sharply on Monday morning. The market pullback seems to be driven by a combination of concerns about an indebted major property developer in China and worries about potential signals from the Federal Reserve this week regarding plans to reduce monetary stimulus. It's not surprising to see stocks of edge-computing specialist Fastly, visual search and media platform Pinterest, and aerospace and travel company Virgin Galactic falling more sharply than the overall market today.