Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Return on equity (ROE): this metric tells you how much profit a bank makes from its shareholders equity. View real-time stock prices and stock quotes for a full financial overview. Copyright 2023 Market Realist. Reddit group WallStreetBets has been behind the volatility in many stocks, especially gaming retailer GameStop. Thats pretty incredible, especially considering that Voyager had just $150 million in AUM this time last year. So far, 2021 is turning out to be a good year for bitcoins and cryptocurrencies. Bank stocks represent partial ownership in a financial institution thats licensed to hold and loan money. Know the mining industry The mining industry is fairly complex. We have already seen this with decentralized finance and new creations such as the non-fungible token. Nasdaq Futures 13986.50 10.00 (0.07%) Dow Jones Futures 32813.00 7.00 (0.02%) S&P 500 Futures 4160.00 0.25 (0.01%) EUR/USD 1.07 0.00 (0.07%) GBP/USD 1.24 0.00 (0.19%) USD/JPY 139.64 -0.43 (-0.31%) Bitcoin USD 26390.62 148.71 (0.57%) Crude Oil 72.01 0.18 (0.25%) Gold 1950.80 7.10 (0.37%) To make the world smarter, happier, and richer. 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Voyager Digital in the last twelve months. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. On May 5, Voyager Digital announced that it's collaborating with Market Rebellion to introduce a new online brokerage service for equities, futures, and options. Like the earnings yield, which shows the anticipated yield (or return) on a stock based on the earnings and the price paid, the cash yield does the same, but with cash being the numerator instead of earnings. contact@marketbeat.com Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. And its the energy sectors challenge to make clean energy available and profitable, too. Identify stocks that meet your criteria using seven unique stock screeners. That does not mean that all companies with large growth rates will have a favorable Growth Score. But, it's made even more meaningful when looking at the longer-term 4 week percent change. It's used by investors as a measure of financial health. With a market cap of just $1.4 billion, Voyager is trading at just over three times sales, which seems very inexpensivefor a stock with this growth rate. VOYG.TO Stock Price Forecast. Get daily stock ideas from top-performing Wall Street analysts. Value Style - Learn more about the Value Style. Is voyager actually gonna blow? Zacks Rank Education - Learn about the Zacks Rank, Zacks Rank Home - Zacks Rank resources in one place, Zacks Premium - The only way to fully access the Zacks Rank. No. Voyager Digital is a licensed crypto-asset platform that lets users trade in digital crypto assets. Tech stocks can also help you diversify your investment portfolio. How do you choose a good bank stock? Bitcoin prices have fallen over the last few weeks and so have the stock of companies affiliated with cryptocurrencies. Zacks Rank Education -- Learn more about the Zacks Rank
The companies include crypto miners like Marathon Digital (MARA) and Riot Blockchain (RIOT). What are energy stocks? Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people around the world achieve their financial goals through our investing services and financial advice. June 30, 2023 | VYGVF stock trades at an NTM EV-to-revenue multiple of 228x. Should You Buy or Sell Voyager Digital Stock? Upgrade to MarketBeat All Access to add more stocks to your watchlist. While the F1 consensus estimate and revision is a key driver of stock prices, the Q1 consensus is an important item as well, especially over the short-term, and particularly as a stock approaches its earnings date. Its software looks for disparities and inefficiencies across different crypto exchanges, so Voyager gets investors better pricing on their trades. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Over time bank stocks have been relatively safe investments, as they offer products and services that most people need. 2023 The Motley Fool Canada, ULC. Last quarter's. Efficiency ratio: the efficiency ratio tells you how much revenue a bank uses towards its operating costs. The 1 week price change reflects the collective buying and selling sentiment over the short-term. Which companies have dividend stocks? Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy stocks with the highest probability of success. The tested combination of price performance, and earnings momentum (both actual and estimate revisions), creates a powerful timeliness indicator to help you identify stocks on the move so you know when to get in and when to get out. It's also commonly referred to as a 'liquidity ratio'. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). Value investors will typically look for stocks with P/E ratios under 20, while growth investors and momentum investors are often willing to pay much more. So is Voyager Digital a buy? Investing in stocks, bonds, option and other financial instruments involve risks and may not be suitable for everyone. See our Foolish investing philosophy. Real-time analyst ratings, insider transactions, earnings data, and more. It is the most commonly used metric for determining a company's value relative to its earnings. Shares of VOY stock and other Canadian stocks can be purchased through an online brokerage account. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. The median P/B ratio for stocks in the S&P is just over 3. Riot Blockchain and Marathon Digital stocks are also trading at sky-high valuations. What are bank stocks? Here are some minerals these companies extract: Precious metals: gold, silver, platinum, palladium Industrial metals: iron, ore, zinc, cobalt, lithium, nickel, copper, aluminum Construction materials: sand, crushed stone, limestone Energy materials: coal, oil sands, uranium Fertilizers: boron, potash, phosphate How can you find good mining stocks? On May 3, Voyager Digital provided a business update for April. Pros. Bitcoin is on a tear in 2023. Need to stretch out your 401K or Roth IRA plan? The stock has outperformed the markets by a wide margin in 2021. Amazon Is Having Its Best Run In Years, But Should You Chase It? Riot Blockchain and Marathon Digital are trading at NTM EV-to-sales multiples of 12.6x and 10.4x, respectively. Within the VGM Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy srocks with the highest probability of success. The Momentum Score takes all of this and more into account. Learn more about Zacks Equity Research reports. This is also commonly referred to as the Asset Utilization ratio. In-depth profiles and analysis for 20,000 public companies. Portions of this content protected by US Patent numbers 7,865,496, 7,856,390, and 7,716,116. Speculative money has likely rotated out of existing equities of crypto-related companies into. Furthermore, these revenue numbers show that it trades at a compelling valuation. Voyager allows users to buy, sell, and hold a wide variety of cryptocurrencies from various marketplaces in one account. Tesla doesn't intend to convert those bitcoins into fiat currencies. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. Energy stocks represent partial ownership in companies that supply electricity and fuel for the global economy. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. The longer-term perspective helps smooth out short-term events. The stock has outperformed the . This shows the percentage of profit a company earns on its sales. After commencing operation in 2018, Voyager digital already has two million verified users. The official website for the company is www.investvoyager.com. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. All Rights Reserved. My short answer is yes, but the digital-currency brokerage has some work to do. For example, a regional bank would be classified in the Finance Sector. Demetris Afxentiou. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. How and when can I access my cash? The U.S. market has great growth and tech-oriented indexes like the Nasdaq 100 worth considering. The 1 Week Price Change displays the percentage price change over the last 5 trading days using the most recently completed close to the close from 5 days before. If you do not transfer crypto off of the Voyager platform during this 30-day window, you will receive your initial recovery in U.S. dollars at a later date. Crypto Investors: Is Voyager Digital or Galaxy Digital Stock the Better Buy? Galaxy Digital and Voyager Digital are easily two of the top crypto stocks you can buy in Canada, but which stock is the better buy today? Galaxy Digital, however, offers investors an unmatched opportunity. It owns a FINRA broker/dealer for security tokens and derivatives. Enterprise Value (EV) is Market Capitalization + Debt - Cash. What Does an Earnings Surprise Mean for American Outdoor Brands? Cash Flow is net income plus depreciation and other non-cash charges. Investors looking to build out the income-generating potential of their portfolios should start with these three stellar investments. All rights reserved. Regardless of the many ways investors use this item, whether looking at a stock's price change, an index's return, or a portfolio manager's performance, this time-frame is a common judging metric in the financial industry. Many regulators globally are getting wary of cryptocurrencies and are contemplating strict regulations that could stall the industrys growth. Skyworks Solutions Inc (SWKS) Stock: What Does the Chart Say Wednesday? While not an apples-to-apples comparison, Voyager also looks undervalued compared to another online brokerage business that is dabbling in crypto, Robinhood Markets (NASDAQ: HOOD), which also trades at nearly seven times sales. Mullen Automotive Stock, Where Do You Stand? (844) 978-6257. Galaxy Digital offers investors a more complete cryptocurrency business with several operating segments. While the industry is volatile, with all the long-term potential in the space, the risk certainly looks like its worth the reward. ZacksTrade and Zacks.com are separate companies. The mining sector makes up a large portion of Canadian stocks, with the TSX having more mining stocks than any other market in the world. Zacks Style Scores Education - Learn more about the Zacks Style Scores. A ratio of 1 means a company's assets are equal to its liabilities. Identify stocks that meet your criteria using seven unique stock screeners. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Outside of finance, Daniel enjoys spending his time with family, sailing, and watching Formula One. In March, the company announced a campaign called March Interest Mania under which it offered higher interest rates on digital assets. Gold prices are going up, and the market is going down. Assess the banks risks One of the biggest risks a bank has is losing money on an outstanding loan. A company with an ROE of 10%, for example, means it created 10 cents of assets for every $1 of shareholder equity in a given year. The Voyager Digital app (Gabby Jones/Bloomberg via Getty Images) Crypto broker Voyager Digital (VYGVF) is temporarily suspending all trading, deposits, withdrawals and loyalty rewards, the company . The most common way this ratio is used is to compare it to other stocks and to compare it to the 10 Year T-Bill. 4 min. Upgrade to MarketBeat All Access to add more stocks to your watchlist. The company can be reached via phone at 212 547 8807. Not only do mining companies operate in a manner distinct from any other sector they literally dig into the ground, not sit in swivel chairs but also the vocabulary and industry terms can be complex, too. Above 1 means it assets are greater than its liabilities. The company now wants to combine the world of crypto and equities by allowing investors to purchase the latter via Circle's stablecoin - USDC. It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! Voyager Digital issued shares when stock closed at new lows. Voyager Digital trades at a steep discount to peers like Coinbase Global and Robinhood Markets despite increasing revenue growth. Daniel joined the Motley Fool Canada team in 2019 with years of experience in banking and investing. 4 Should I hold? Voyager and Coinbase are both big names among the major cryptocurrency platforms, but only Coinbase is recommended at this point. Also, by looking at the rate of this item, rather than the actual dollar value, it makes for easier comparisons across the industry and peers. The energy sector in Canada is vast, comprising a large portion of the TSX. Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. According to the estimates compiled by CNN Business, all three analysts covering VYGVF stock have rated it as a buy or some equivalent. A D/E ratio of 1 means its debt is equivalent to its common equity. It has to execute on the rollout of its debit card program. It is in joint administration with Voyager Digital Holdings, Inc. Sign-up to receive the latest news and ratings for Voyager Digital and its competitors with MarketBeat's FREE daily newsletter. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. There are 17 Sectors, 60 different M Industries, and 265 X Industries. Real-time analyst ratings, insider transactions, earnings data, and more. All four of the analysts tracking VYGVF stock recommend a buy. Were Motley! The company offers commission-free trading on more than 50 digital assets. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. Should i just go ahead and sell it for a loss now to report the loss on my taxes or should i wait for a possible miracle? American Consumer News, LLC dba MarketBeat 2010-2023. Plus, in addition to this high-potential app, Voyager digital also has a populartoken that has a fully diluted market cap of nearly $600 million. Voyager Digital trades at an NTM EV-to-sales multiple of 9.5x, which looks attractively priced compared to other cryptocurrency stocks. The tech sector isnt as stable as, say, banking. 7 mo. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. This longer-term historical perspective lets the user see how a company has grown over time. Earnings estimate revisions are the most important factor influencing stocks prices. Zacks Premium - The way to access to the Zacks Rank. Real time prices by BATS. Latest Cryptocurrency & Blockchain News and Updates. The stock has outperformed the broader markets by a wide . Should I buy Voyager Digital Ltd. (VYGVQ) - Zacks Voyager Digital Ltd. (VYGVQ) (Delayed Data from OTC) $0.01 USD 0.00 (2.11%) Updated Jun 30, 2023 03:59 PM ET Add to portfolio Zacks Rank:. Conventional wisdom also has it that if the yield on the stock market (S&P 500 for example) is lower that the yield on the 10 Yr., then stocks would be considered overvalued. BlockFi gets court permission to return $297 million to Wallet customers, Voyager Releases Chapter 11 Bankruptcy Plan, Offers 2 Options For Customers, Voyager Digital Will Liquidate After Failing to Find Buyer, Voyager Hopes to Start Distributions to Creditors in the 'Next Few Weeks', Binance.US Pulls Out of $1.3B Voyager Assets Deal, Binance.US Backs Out of $1.3 Billion Voyager Deal, Binance.US Terminates Deal to Buy Voyager Assets, Binance.US calls off $1.3 billion deal for Voyager's assets, Binance Pulls Out Of Deal To Acquire Voyager Digital Assets, Here's What's Next, Binance US walks away from proposed $1bn deal for Voyager Digital assets, The Winds of Change Could be Blowing Cryptos Way. ago This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium service or advisor. For that reason, investors will do well to look for innovative companies that are actively solving contemporary energy problems. Moreover, when comparing stocks in different industries, it can become even more important to look at the relative measures, since different stocks in different industries have different values that are considered normal. The Earnings Yield (also known as the E/P ratio) measures the anticipated yield (or return) an investment in a stock could give you based on the earnings and the price paid. The analyzed items go beyond simple trend analysis. On July 5, 2022, Voyager Digital Ltd. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. The sector is vast and ever-changing with plenty of exciting opportunities for growth. Preliminary second-quarter 2022 results show that revenue doubled from $81 million in the previous quarter to $165 million. Why has Voyager Digital stock soared and is it a good stock to buy now? With 12 weeks representing a meaningful part of a year, this time period will show whether a stock has been enjoying strong investor demand, or if it's in consolidation, or distress. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The company is now a high-potential business that workswith several well-known partners, including Google, Coinbase, and even Galaxy Digital. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year. Like the P/E ratio, a lower number is considered better. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. Voyager Digital isn't among the most popular stocks on Reddit. Voyager Digital is the only fully regulated crypto-only brokerage in the US. VYGVF receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator. Thats one of the biggest questions, What are mining and mineral stocks? Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Voyager Digital Ltd., through its subsidiaries, operates as a crypto asset brokerage firm primarily in the United States and Canada. Obviously, these numbers benefit from cryptocurrency's surge in 2021, but Voyager is clearly growing at an incredible rate. Dividend-paying companies are usually older, more established corporations that have a long track history of positive growth and expansion. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. Our goal is to help every Canadian achieve financial freedom. Voyager Digital is an online agency broker focused on cryptocurrencies and digital assets. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. Cost basis and return based on previous market day close. It has yet to launch a desktop version of its mobile trading app, and I view having a desktop platform as crucial for attracting larger investors with more assets under management. Mullen Automotive Stock, Where Do You Stand? At its height, Voyager Digital boasted 3.5 million users (roughly what Coinbase boasted in 2015) and $5.9 billion in assets, comparable to a small regional bank or respectable wealth management firm. The crypto brokerage and lender filed for Chapter 11 bankruptcy late Tuesday, renewing unresolved legal questions about how digital assets will interact with US insolvency law. Finally, with the sheer amount of great Canadian tech companies, you have plenty of choices between value and growth. As bitcoin prices have soared over the last year, stocks of companies that are associated with cryptocurrencies, including crypto miners like Riot Blockchain as well as trading platforms that allow trading in crypto assets, have also soared. It is licensed in 49 states. Enterprise Value / Earnings Before Interest, Taxes, Depreciation and Amortization is a valuation metric used to measure a company's value and is helpful in comparing one stock to another. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). You must transfer crypto from your Voyager account to a designated wallet address (whether to another U.S.-based exchange or non-custodial wallet) within the 30-day transfer window. Get The Latest VYGVF Stock Forecast, Price Target, Earnings Estimates, and Headlines at MarketBeat. 2. 2. Is Lam Research Corporation (LRCX) Stock a Good Value Wednesday? Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers. This is a medium-term price change metric (like the 4 week price change). Given the direction the world is going, ask yourself: who will be around in 20, 30, or even 40 years? Voyager Digital (TSE:VOYG) has a market capitalization of C$0.00 and generates C$458.15 million in revenue each year. A value under 20 is generally considered good. At the very least, it is an interesting development and raises awareness of the Voyager brand at a time when many cryptocurrency firms are seeking to increase their public profile. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Widely held cryptos like Bitcoin and Ethereum earn 4.75% and 4.25%, respectively. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. 1.72K Follower s Summary Shares of Voyager Digital have fallen nearly 50% from their recent highs. However, if I had to choose, Galaxy Digital is the better investment today. You have already added five stocks to your watchlist. What Does an Earnings Surprise Mean for American Outdoor Brands?