why is voyager stock dropping

by Fernando Pfannerstill III Published 3 years ago Updated 2 years ago

Markets punished the stock because of the new uncertainties surrounding the company's addressable market size, unknown settlement costs ahead, and risks of more states restricting Voyager's crypto platform.Mar 31, 2022

Why Voyager Digital stock is down?

The company said losses were mainly due to investments in the loyalty and rewards program, and have been reversed in the current quarter. Total funded accounts exceed 860,000 and were up 29% from 665,000 at fiscal year ended June 30, 2021.

Is Voyager a good stock to buy?

Voyager Digital has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 7 buy ratings, no hold ratings, and no sell ratings.

Is Voyager a good crypto to buy?

Voyager is best for mobile-forward crypto traders who want access to a simple user interface, low fees, and multiple account funding options. While it doesn't offer as many features and products as Coinbase, it's arguably better for staking since it allows you to earn up to 12% interest (Coinbase only allows up to 5%).Mar 31, 2022

Is VYGVF stock a good buy?

The financial health and growth prospects of VYGVF, demonstrate its potential to underperform the market. It currently has a Growth Score of D. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of D.

Is Voyager crypto a public company?

Voyager is a publicly-traded company listed on the Toronto Stock Exchange (VOYG), the OTC Markets (VYGVF), and the Frankfurt Exchange (UCD2).

How does the Voyager interest work?

Voyager USDC interest rewards are compounded each month, and over the course of the year, you can earn 11% APY, which for my deposit, would be $1,375 in additional income. The interest earned from USDC in Voyager is the equivalent of earning $0.66 per hour (assuming you work 40 hours per week 52 weeks per year).Jan 30, 2022

Is Voyager safe investment?

Is Voyager legit crypto? Yes, Voyager is a legit app for buying and staking cryptocurrency. U.S. dollar funds are protected by FDIC insurance and the company complies with U.S. regulations.

Can you withdraw crypto from Voyager?

Open the Voyager app and navigate to Account on the bottom navigation bar. Tap Transfer Cash or Crypto. Under "Transfer Crypto," select Send Crypto out of Voyager. Tap the asset that you wish to withdraw to an external wallet.Feb 1, 2022

How does Voyager make money?

How does Voyager make money? Voyager earns money from the spread between the price at which you submit your order and the price at which the platform executes it. In other words, Voyager makes money when it saves you money on an order by executing it at a better price.Mar 31, 2022

Can I buy Voyager Digital on Webull?

Webull offers kinds of Voyager Digital Ltd stock information, including OTCQX:VYGVF real-time market quotes, financial reports, professional analyst ratings, in-depth charts, corporate actions, VYGVF stock news, and many more online research tools to help you make informed decisions.

How do I invest in Voyager?

To buy on the app, you fund your account with USD from an external bank account. You sell crypto in the app for USD, and the proceeds are deposited into your Voyager account until you make a withdrawal to an external account.

How do I buy stock in Voyager?

You can purchase shares of Voyager Digital (OTCQX: VYGVF) through any online brokerage.

Is Voyager Digital a buy right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Voyager Digital in the last twelve months. There are currently 7...

How has Voyager Digital's stock been impacted by COVID-19?

Voyager Digital's stock was trading at $0.1724 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization...

When is Voyager Digital's next earnings date?

Voyager Digital is scheduled to release its next quarterly earnings announcement on Monday, May 23rd 2022. View our earnings forecast for Voyager...

What price target have analysts set for VYGVF?

7 brokers have issued 12-month price targets for Voyager Digital's stock. Their forecasts range from $20.00 to $55.00. On average, they expect Voya...

Who are Voyager Digital's key executives?

Voyager Digital's management team includes the following people: Stephen Jay Ehrlich , Chief Executive Officer & Director Gerard E. Hanshe , Chi...

Who are some of Voyager Digital's key competitors?

Some companies that are related to Voyager Digital include SailPoint Technologies (SAIL) , Jamf (JAMF) , WNS (WNS) , Envestnet (ENV) , Lightsp...

What is Voyager Digital's stock symbol?

Voyager Digital trades on the OTCMKTS under the ticker symbol "VYGVF."

How do I buy shares of Voyager Digital?

Shares of VYGVF can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBu...

What is Voyager Digital's stock price today?

One share of VYGVF stock can currently be purchased for approximately $6.52.

A clinical hold is weighing on the biotech's shares today

George Budwell has been writing about healthcare and biotechnology companies at the Motley Fool since 2013. His primary interests are novel small molecule drugs, next generation vaccines, and cell therapies.

What happened

Shares of the clinical-stage gene therapy company Voyager Therapeutics ( NASDAQ:VYGR) dropped by as much as 11% in pre-market trading Tuesday morning. The biotech's shares are responding negatively to a regulatory delay for its Huntington's disease candidate, VY-HTT01.

So what

Huntington's disease is a genetic neurological condition that results in the death of cells within the brain. At present, there are an estimated 30,000 to 40,000 individuals within the U.S. who have this deadly neurological disorder, according to the peer-reviewed research.

Now what

A clinical hold for CMC matters isn't the end of the world. Far from it. The long and short of it is that VY-HTT01's clinical program should get back on track in the not-so-distant future, perhaps before the end of the year.

What happened?

Shares of Voyager fell sharply, ending the day down by 9% on Jan. 4 when the news hit. Investors already skeptical about cryptocurrency dumped it like a fire ball. Yet it comes after a string of successes for the company, including strong acquisitions and its own token.

So what?

The news could seriously hurt Voyager. The lawsuit means not only could it lose customers should the allegations be true. It would also deter future customers from seeking out Voyager, knowing there are now fees involved.

Now what?

Voyager is a volatile stock in a volatile market. Cryptocurrency has already become shaky over the last few months. But what’s worse, the company was already not the top broker or exchange. Sure, it has some solid business moves. However, there seems to be better options.

Is Voyager a publicly traded company?

Voyager Digital Ltd. ("Voyager" or the "Company") (CSE: VYGR) (OTCQB: VYGVF) (FRA: UCD2), a publicly-traded holding company , whose subsidiaries operate a licensed crypto-asset platform that provides investors with a seamless solution to invest in and trade crypto assets, announces key management additions.

When will Voyager release its results?

("Voyager" or the "Company") (CSE: VYGR) (OTCQB: VYGVF) (FRA: UCD2), a publicly-traded holding company whose subsidiaries operate a licensed crypto-asset trading and investing brokerage, today announced that it plans to release financial results for its third fiscal quarter ended March 31, 2021, after market close on Tuesday, May 25, 2021. The Company will conduct a conference call the same day at 5:00 p.m. (Eastern Time) to review the results as well as provide an overview of the Company's recent milestones and growth strategy.

Who is the CEO of Voyager?

Voyager's CEO, Steve Ehrlich, will be participating in a fireside chat on August 12, 2021 at 12 pm ET, as well as one-on-one meetings throughout the conference.To register for Steve Ehrlich's. CNW Group • last month.

What is Voyager Digital?

("Voyager" or the "Company") (CSE: VYGR) (OTCQB: VYGVF) (FRA: UCD2), announces its initiation into the Blockchain Association, which is comprised of industry leaders advocating for the innovation and collaboration necessary to support American leadership of the cryptocurrency industry.

When is Voyager's Symposium 2021?

("Voyager" or the "Company") (CSE: VYGR) (OTCQB: VYGVF) (FRA: UCD2), the fastest growing, major US platform for cryptocurrency investing and trading, announced today it is the official cryptocurrency partner for the inaugural Players Symposium held in Las Vegas July 7-9, 2021. The symposium, designed by Subnation Media ...

VYGVF Target Price

VYGVF price target in 14 days: 10.663 USD* upside and 7.847 USD* downside. (Highest and lowest possible predicted price in a 14 day period)

Voyager Digital Ltd. ( VYGVF ) Stock Market info

Recommendations: Buy or sell Voyager Digital stock? Wall Street Stock Market & Finance report, prediction for the future: You'll find the Voyager Digital share forecasts, stock quote and buy / sell signals below.

How much did Voyager lose in 2021?

There was a net and comprehensive loss of $9 million. Voyager expects to continue bringing new products to The Voyager platform, according to the report. In 2021 and beyond, executives anticipate adding debit cards, credit cards, stock trading, and the ability to trade on margin.

Is Voyager a bank?

Voyager operates like a bank. In their terms and conditions, Voyager very clearly states "We will lend, sell, pledge, rehypothecate, assign, invest, use, commingle or otherwise dispose of funds and cryptocurrency assets to counterparties, and we will use our commercial best efforts to prevent losses.".

Is Voyager a competitor to Robinhood?

Voyager is a zero-commission competitor to Robinhood that offers more coins than its competitors , including crypto exchanges Gemini, Kraken. We explain what makes Voyager a compelling investment, including what it does, how it makes money, catalysts, and potential risks.

Does Voyager work with Kraken?

Voyager is a strong choice for alternative coins, as the app allows you to trade many tokens that Coinbase or Kraken does not support. For example, Voyager offers Dogecoin, a meme coin pushed by Elon Musk. It also offers interest on Bitcoin, Ethereum, Polkadot, and Chainlink.

Is Voyager expanding into Canada?

In 2021 and beyond, executives anticipate adding debit cards, credit cards, stock trading, and the ability to trade on margin. Voyager will also look to grow internationally by expanding into Canada and Europe.

Is Coinbase a competitor of Voyager?

Coinbase also now has a competitor (Voyager) undercutting them on commissions and on the breadth of tokens. For most crypto investors, the process of holding tokens securely in cold storage is easy enough, and therefore, Voyager Digital is likely to be very popular despite the lack of insurance on crypto.

How much did the value of customer trades increase in January?

In January, the value of customer trades increased over 500% to $840 million, up from $150 million in December of 2020. Over 12 months, the overall number of trades increased from 8,500 trades in December of 2019 to 1 million trades in January of 2021, an increase of 117,000%.