Voyager Digital Ltd. (OTCMKTS:VYGVF) Receives $18.15 Average Target Price from Brokerages

Shares of Voyager Digital Ltd. (OTCMKTS:VYGVF – Get Rating) have earned a consensus recommendation of “Buy” from the seven analysts that are currently covering the company, Marketbeat.com reports. One equities research 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 brokerages that have issued ratings on the stock in the last year is $18.15.

VYGVF has been the subject of several recent research reports. HC Wainwright reissued a “buy” rating and issued a $16.00 target price on shares of Voyager Digital in a research report on Tuesday, May 17th. Compass Point downgraded shares of Voyager Digital from a “buy” rating to a “neutral” rating in a report on Tuesday, May 17th. Fundamental Research decreased their price objective on shares of Voyager Digital from $30.63 to $21.58 and set a “buy” rating for the company in a report on Wednesday, March 2nd. Finally, Craig Hallum decreased their price objective on shares of Voyager Digital from $12.00 to $5.00 in a report on Tuesday, May 17th.

VYGVF stock opened at $1.02 on Friday. The company has a market capitalization of $199.87 million and a price-to-earnings ratio of -3.40. Voyager Digital has a 12 month low of $0.93 and a 12 month high of $20.97. The firm has a 50 day moving average of $2.81 and a two-hundred day moving average of $6.76.

Voyager Digital (OTCMKTS:VYGVF – Get Rating) last posted its earnings results on Monday, May 16th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.21). The business had revenue of $102.74 million during the quarter, compared to the consensus estimate of $98.00 million. Voyager Digital had a negative return on equity of 23.41% and a negative net margin of 12.60%. As a group, sell-side analysts expect that Voyager Digital will post -0.68 earnings per share for the current fiscal year.

About Voyager Digital (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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