Voyager Technologies (NYSE:VOYG) Shares Down 7.8% – What’s Next?

Voyager Technologies, Inc. (NYSE:VOYG)’s share price was down 7.8% during mid-day trading on Monday . The stock traded as low as $45.51 and last traded at $45.6730. Approximately 287,833 shares were traded during trading, a decline of 84% from the average daily volume of 1,768,432 shares. The stock had previously closed at $49.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on VOYG shares. TD Cowen started coverage on shares of Voyager Technologies in a report on Monday, April 20th. They issued a “buy” rating for the company. Zacks Research upgraded shares of Voyager Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. Wall Street Zen lowered shares of Voyager Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, April 19th. JPMorgan Chase & Co. lowered their price objective on shares of Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a report on Monday, April 13th. Finally, Wells Fargo & Company started coverage on shares of Voyager Technologies in a report on Wednesday, April 1st. They issued an “underweight” rating and a $21.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $42.64.

Voyager Technologies Stock Down 6.6%

The stock’s fifty day moving average is $31.42 and its 200 day moving average is $28.60. The company has a current ratio of 4.57, a quick ratio of 4.52 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $2.47 billion and a P/E ratio of -16.78.

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

Institutional Investors Weigh In On Voyager Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Federation des caisses Desjardins du Quebec bought a new stake in Voyager Technologies during the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Voyager Technologies during the 4th quarter valued at $28,000. Sunbelt Securities Inc. bought a new stake in Voyager Technologies during the 4th quarter valued at $33,000. Ameritas Investment Partners Inc. bought a new stake in Voyager Technologies during the 3rd quarter valued at $34,000. Finally, Russell Investments Group Ltd. bought a new stake in Voyager Technologies during the 3rd quarter valued at $35,000.

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.