The Voyager Therapeutics Inc (NASDAQ: VYGR) Stock Dropped -13.99% In A Single Month – Are There Any Hopes For A Gain?

During the last session, Voyager Therapeutics Inc (NASDAQ:VYGR)’s traded shares were 0.36 million, with the beta value of the company hitting 0.86. At the end of the trading day, the stock’s price was $5.66, reflecting an intraday gain of 4.14% or $0.23. The 52-week high for the VYGR share is $11.72, that puts it down -107.07 from that peak though still a striking 8.3% gain since the share price plummeted to a 52-week low of $5.19. The company’s market capitalization is $308.91M, and the average intraday trading volume over the past 10 days was 0.59 million shares, and the average trade volume was 563.97K shares over the past three months.

Voyager Therapeutics Inc (VYGR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.30. VYGR has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.38.

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Voyager Therapeutics Inc (NASDAQ:VYGR) trade information

Voyager Therapeutics Inc (VYGR) registered a 4.14% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.14% in intraday trading to $5.66, hitting a weekly high. The stock’s 5-day price performance is 0.27%, and it has moved by -13.99% in 30 days. Based on these gigs, the overall price performance for the year is -17.81%. The short interest in Voyager Therapeutics Inc (NASDAQ:VYGR) is 2.95 million shares and it means that shorts have 4.56 day(s) to cover.

The consensus price target of analysts on Wall Street is $18, which implies an increase of 68.56% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8 and $18 respectively. As a result, VYGR is trading at a discount of -218.02% off the target high and -41.34% off the low.

Voyager Therapeutics Inc (VYGR) estimates and forecasts

Statistics show that Voyager Therapeutics Inc has underperformed its competitors in share price, compared to the industry in which it operates. Voyager Therapeutics Inc (VYGR) shares have gone down -31.29% during the last six months, with a year-to-date growth rate less than the industry average at -134.68% against 17.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -130.06% this quarter and then drop -177.50% in the quarter after that. In the rating firms’ projections, revenue will decrease -64.33% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 15.46M as predicted by 9 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 7.03M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 90.06M and 19.52M respectively. In this case, analysts expect current quarter sales to shrink by -82.84% and then drop by -63.96% in the coming quarter.

While earnings are projected to return -134.28% in 2024.

VYGR Dividends

Voyager Therapeutics Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Voyager Therapeutics Inc (NASDAQ:VYGR)’s Major holders

Voyager Therapeutics Inc insiders own 16.98% of total outstanding shares while institutional holders control 65.40%, with the float percentage being 78.78%. BLACKROCK INC. is the largest shareholder of the company, while 180.0 institutions own stock in it. As of 2024-06-30, the company held over 5.31 million shares (or 9.3013% of all shares), a total value of $42.02 million in shares.

The next largest institutional holding, with 5.2 million shares, is of ARMISTICE CAPITAL, LLC’s that is approximately 9.1041% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $41.13 million.

Also, the Mutual Funds coming in first place with the largest holdings of Voyager Therapeutics Inc (VYGR) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 1.63 shares. This amounts to just over 2.98 percent of the company’s overall shares, with a $9.21 million market value. The same data shows that the other fund manager holds slightly less at 1.22, or about 2.23% of the stock, which is worth about $6.9 million.