Voyager Technologies (NYSE:VOYG) Shares Down 9% – What’s Next?

Shares of Voyager Technologies, Inc. (NYSE:VOYG) were down 9% during trading on Monday . The company traded as low as $34.10 and last traded at $34.1920. 301,184 shares changed hands during trading, a decline of 84% from the average session volume of 1,929,884 shares. The stock had previously closed at $37.57.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on VOYG shares. Wedbush raised their price target on Voyager Technologies from $46.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Jefferies Financial Group upped their price objective on Voyager Technologies from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Wells Fargo & Company assumed coverage on Voyager Technologies in a report on Wednesday, April 1st. They issued an “underweight” rating and a $21.00 price objective on the stock. BTIG Research assumed coverage on Voyager Technologies in a research report on Thursday, June 11th. They set a “buy” rating and a $55.00 target price on the stock. Finally, Wolfe Research restated an “outperform” rating and set a $55.00 target price on shares of Voyager Technologies in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Voyager Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $44.92.

Voyager Technologies Price Performance

The stock has a market capitalization of $1.79 billion and a price-to-earnings ratio of -12.04. 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’s 50 day moving average is $36.65 and its 200 day moving average is $31.07.

Voyager Technologies (NYSE:VOYG) last issued its quarterly earnings data on Monday, May 4th. The company reported ($0.61) earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $35.25 million for the quarter. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. Research analysts anticipate that Voyager Technologies, Inc. will post -3.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VOYG. Comerica Bank raised its stake in Voyager Technologies by 44,598.9% during the 4th quarter. Comerica Bank now owns 40,229 shares of the company’s stock valued at $1,052,000 after acquiring an additional 40,139 shares during the last quarter. Vanderbilt University purchased a new position in shares of Voyager Technologies in the 4th quarter valued at approximately $3,579,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Voyager Technologies in the fourth quarter valued at approximately $7,334,000. HB Wealth Management LLC purchased a new stake in shares of Voyager Technologies during the fourth quarter worth approximately $1,169,000. Finally, Liberty Street Advisors Inc. raised its stake in shares of Voyager Technologies by 25.1% during the fourth quarter. Liberty Street Advisors Inc. now owns 681,748 shares of the company’s stock worth $17,821,000 after purchasing an additional 136,925 shares during the last quarter.

About Voyager Technologies

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.