And just to add in some wordplay, IBD says it\u2019s \u201cskyrocketing.\u201d (Pretty clever, huh?)<\/p>\n
IBD is talking about Virgin Galactic <\/strong>(NYSE: SPCE), the company that aims to commercialize space travel by developing spacecraft for both private individuals and researchers.<\/p>\n Virgin Galactic operates as a holding company – engaging in \u201cthe business of owning and operating privately built spaceships.\u201d<\/p>\n In other words, the company designs manned, passenger-carrying spaceships that can fly you to space, safely – without the need for expertise or exhaustive training.<\/p>\n Now, let me perfectly clear…<\/p>\n Does Virgin Galactic have any noteworthy earnings?<\/p>\n No.<\/p>\n Does it have any revenues?<\/p>\n Hardly.<\/p>\n Its current price-to-earnings ratio is an eye-popping 161.58.<\/p>\n However, since its latest earnings release on November 15, Virgin Galactic stock has more than doubled.<\/p>\n And over the last 10 days – call purchases are outpacing put purchases by a factor of 6-to-1.<\/p>\n Just look at the stock chart…<\/p>\n As you may have guessed, its founder is Sir Richard Charles Nicholas Branson, and clearly Wall Street doesn\u2019t seem to care much about valuation these days.<\/p>\n Instead, Wall Street wants growth, uniqueness and vision.<\/p>\n And guess what? Virgin Galactic has all of these qualities.<\/p>\n![\"\"](\"https:\/\/mtatradeoftheday.com\/wp-content\/uploads\/2020\/02\/20200212_TD_VirginGalacticDaily_Chart.jpg\")
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