Voyager Digital Ltd. (OTCMKTS:VYGVF) Receives Average Rating of “Buy” from Brokerages

Voyager Digital Ltd. (OTCMKTS:VYGVFGet Rating) has received a consensus rating of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $18.15.

A number of research firms have recently commented on VYGVF. Compass Point downgraded Voyager Digital from a “buy” rating to a “neutral” rating in a report on Tuesday, May 17th. Fundamental Research dropped their target price on shares of Voyager Digital from $30.63 to $21.58 and set a “buy” rating for the company in a research report on Wednesday, March 2nd. HC Wainwright reaffirmed a “buy” rating and set a $16.00 price target on shares of Voyager Digital in a research report on Tuesday, May 17th. Finally, Craig Hallum decreased their price target on Voyager Digital from $12.00 to $5.00 in a report on Tuesday, May 17th.

OTCMKTS VYGVF opened at $1.02 on Friday. The business’s 50 day moving average is $2.88 and its two-hundred day moving average is $6.95. Voyager Digital has a 12-month low of $0.93 and a 12-month high of $20.97. The stock has a market capitalization of $199.87 million and a price-to-earnings ratio of -3.40.

Voyager Digital (OTCMKTS:VYGVFGet Rating) last announced its quarterly earnings results on Monday, May 16th. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.21). The firm had revenue of $102.74 million during the quarter, compared to analysts’ expectations of $98.00 million. Voyager Digital had a negative net margin of 12.60% and a negative return on equity of 23.41%. As a group, research analysts predict that Voyager Digital will post -0.68 earnings per share for the current year.

Voyager Digital Company Profile (Get Rating)

Voyager Digital Ltd., through its subsidiaries, operates as a crypto asset brokerage firm primarily in the United States and Canada. It operates a digital platform that enables users to buy and sell crypto assets across multiple centralized marketplaces in one account. The company was formerly known as Voyager Digital (Canada) Ltd.

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