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2 Beaten-Down Growth Stocks to Buy Now

TheMotleyFool

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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. While the crash is painful, it could represent a buying opportunity for new investors. The company faces significant uncertainty, but it also offers investors a chance to get in on the ground floor of a massive long-term opportunity in the space industry.

Image source: Getty Images.

Source Fool.com

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