Voyager Technologies (NYSE:VOYG) Shares Up 5.4% – Here’s What Happened

Voyager Technologies, Inc. (NYSE:VOYG)’s share price traded up 5.4% during trading on Wednesday . The stock traded as high as $33.84 and last traded at $33.6250. Approximately 306,058 shares traded hands during trading, a decline of 84% from the average daily volume of 1,952,185 shares. The stock had previously closed at $31.89.

Wall Street Analyst Weigh In

VOYG has been the topic of several recent research reports. Wall Street Zen downgraded shares of Voyager Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, April 19th. Wolfe Research restated an “outperform” rating and issued a $55.00 target price on shares of Voyager Technologies in a research report on Wednesday, June 3rd. TD Cowen began coverage on shares of Voyager Technologies in a research note on Monday, April 20th. They issued a “buy” rating on the stock. Wells Fargo & Company began coverage on Voyager Technologies in a report on Wednesday, April 1st. They set an “underweight” rating and a $21.00 price target on the stock. Finally, BTIG Research began coverage on Voyager Technologies in a research report on Thursday, June 11th. They set a “buy” rating and a $55.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.64.

Voyager Technologies Stock Down 4.3%

The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.52 and a current ratio of 4.57. The company has a market cap of $1.75 billion and a P/E ratio of -11.74. The stock has a 50 day moving average price of $37.14 and a 200 day moving average price of $31.66.

Voyager Technologies (NYSE:VOYG) last released its earnings results on Monday, May 4th. The company reported ($0.61) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.75) by $0.14. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.The firm had revenue of $35.25 million for the quarter. The firm’s quarterly revenue was up .1% compared to the same quarter last year. Research analysts expect that Voyager Technologies, Inc. will post -3.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Voyager Technologies

Several hedge funds have recently made changes to their positions in the business. Comerica Bank grew its position in Voyager Technologies by 44,598.9% in the fourth quarter. Comerica Bank now owns 40,229 shares of the company’s stock worth $1,052,000 after buying an additional 40,139 shares during the last quarter. Vanderbilt University bought a new position in shares of Voyager Technologies in the fourth quarter valued at $3,579,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Voyager Technologies during the 4th quarter valued at $7,334,000. HB Wealth Management LLC acquired a new stake in shares of Voyager Technologies during the 4th quarter valued at $1,169,000. Finally, Liberty Street Advisors Inc. boosted its stake in shares of Voyager Technologies by 25.1% during the 4th quarter. Liberty Street Advisors Inc. now owns 681,748 shares of the company’s stock worth $17,821,000 after acquiring an additional 136,925 shares in the last quarter.

Voyager Technologies Company Profile

We are an innovation-driven defense technology and space solutions company. Our company was purpose-built to address issues at the forefront of defense, national security and space industries and we have organized our business to reflect this goal. We strive to solve complex challenges to fortify national security, protect critical assets and unlock new frontiers for human progress and economic development. We are committed to developing and delivering an array of transformative, mission-critical solutions to customers enabled by our advanced technology, analytics and space infrastructure capabilities.