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Voyager Crypto Inventory: An In-Depth Dive into the Crypto Brokerage
Hey there, readers! 👋
Welcome to our complete information on Voyager Crypto inventory. On this article, we’ll dive deep into the world of Voyager Digital, a number one crypto brokerage, and discover its inventory efficiency, key financials, and future prospects. Whether or not you are a seasoned investor or simply beginning your crypto journey, we have got you lined. So, seize a cup of espresso, sit again, and let’s get began!
Understanding Voyager Digital
A Snapshot of the Firm
Based in 2014, Voyager Digital is a crypto-focused brokerage that gives a variety of providers, together with buying and selling, custody, and lending. With a user-friendly platform and aggressive charges, Voyager has shortly gained reputation amongst crypto fanatics and retail buyers alike.
The Voyager Crypto Inventory
Voyager’s inventory, traded underneath the ticker VYGVF on the OTC Markets, represents a possibility for buyers to partake within the firm’s progress and success. The inventory has been on a rollercoaster journey lately, reflecting the volatility of the crypto market.
Key Monetary Metrics
Income and Earnings
Voyager’s income primarily comes from buying and selling charges, custody charges, and curiosity earnings from lending. In 2021, the corporate reported $522 million in income, a 14% enhance from the earlier 12 months. Web earnings surged by 37% to $120 million.
Buyer Base and Buying and selling Quantity
Voyager’s buyer base has been rising quickly. As of 2022, it had over 2.7 million verified customers. The platform’s buying and selling quantity has additionally been spectacular, with a median each day buying and selling quantity of over $2 billion within the first quarter of 2022.
Latest Developments and Future Prospects
Partnerships and Acquisitions
Voyager has been actively increasing its ecosystem via partnerships and acquisitions. In 2021, it acquired Coinify, a number one crypto-fiat gateway, to boost its worldwide attain.
Aggressive Panorama
Voyager operates in a extremely aggressive crypto brokerage market, with gamers like Coinbase, Binance, and Gemini. The corporate differentiates itself via its user-friendly platform, aggressive charges, and deal with customer support.
Voyager Crypto Inventory Evaluation
Technical Evaluation
From a technical standpoint, Voyager’s inventory has been buying and selling in a slim vary in latest months. Resistance ranges are round $1.50, whereas assist ranges are round $1.00. A breakout above resistance may sign additional upside potential, whereas a breakdown beneath assist may point out a bearish pattern.
Elementary Evaluation
Fundamentals paint a blended image. Income and earnings progress are constructive, however the firm’s web earnings margin is comparatively skinny. Voyager’s inventory is at present buying and selling at a price-to-sales ratio of round 1.5x, which is in step with its friends.
Voyager Crypto Inventory Desk Breakdown
| Metric | Worth |
|---|---|
| Present Value | $1.20 (as of July 21, 2022) |
| 52-Week Vary | $0.80 – $1.70 |
| Market Cap | $600 million |
| Common Each day Buying and selling Quantity | 2 million shares |
| Income (2021) | $522 million |
| Web Earnings (2021) | $120 million |
Conclusion
Voyager Crypto inventory affords buyers publicity to the quickly rising crypto brokerage business. The corporate’s robust fundamentals, aggressive platform, and increasing ecosystem make it an intriguing funding alternative. Nonetheless, buyers ought to concentrate on the volatility related to crypto belongings and the broader market.
Earlier than making any funding selections, it is essential to conduct thorough analysis and seek the advice of with a monetary advisor. Take a look at our different articles for extra in-depth evaluation of Voyager Crypto inventory and the crypto market typically. Keep knowledgeable, make sensible selections, and will your crypto journey be a profitable one!
FAQ about Voyager Crypto Inventory
What’s Voyager Crypto?
Voyager Crypto is a cryptocurrency alternate and monetary providers firm that enables customers to purchase, promote, and commerce cryptocurrencies.
What’s the ticker image for Voyager Crypto inventory?
The ticker image for Voyager Crypto inventory is VYGR.
When did Voyager Crypto go public?
Voyager Crypto went public on April 29, 2021, via a particular function acquisition firm (SPAC) merger.
What’s the present worth of Voyager Crypto inventory?
The present worth of Voyager Crypto inventory might be discovered on monetary information web sites or via brokerage accounts.
What’s Voyager Crypto’s enterprise mannequin?
Voyager Crypto’s enterprise mannequin is predicated on transaction charges it expenses customers for getting, promoting, and buying and selling cryptocurrencies.
What are Voyager Crypto’s main opponents?
Voyager Crypto’s main opponents embrace Coinbase, Binance, and Kraken.
What’s the outlook for Voyager Crypto inventory?
The outlook for Voyager Crypto inventory is unsure, because it relies on quite a lot of elements, together with the efficiency of the cryptocurrency market, regulatory modifications, and competitors.
What are the dangers related to investing in Voyager Crypto inventory?
The dangers related to investing in Voyager Crypto inventory embrace:
- The volatility of the cryptocurrency market
- Regulatory modifications
- Competitors
- Cybersecurity dangers
How can I spend money on Voyager Crypto inventory?
You possibly can spend money on Voyager Crypto inventory via a brokerage account.
What are the principle options of Voyager Crypto?
- Voyager Crypto affords a variety of cryptocurrencies for buying and selling.
- Voyager Crypto has a user-friendly buying and selling platform.
- Voyager Crypto affords a rewards program for frequent merchants.
