Voyager Technologies (NYSE:VOYG) Trading Down 7.6% – What’s Next?

Voyager Technologies, Inc. (NYSE:VOYG) was down 7.6% on Monday . The company traded as low as $24.35 and last traded at $24.5030. Approximately 1,262,693 shares traded hands during trading, a decline of 4% from the average daily volume of 1,312,538 shares. The stock had previously closed at $26.53.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Voyager Technologies in a research report on Monday, November 24th. They issued an “overweight” rating and a $43.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Voyager Technologies in a report on Wednesday, October 8th. KeyCorp reduced their price objective on shares of Voyager Technologies from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Bank of America dropped their price objective on shares of Voyager Technologies from $50.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, August 25th. Finally, Morgan Stanley reduced their target price on shares of Voyager Technologies from $46.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, November 24th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Voyager Technologies presently has an average rating of “Moderate Buy” and an average price target of $42.71.

Voyager Technologies Stock Performance

The stock’s fifty day moving average price is $27.00.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Highline Wealth Partners LLC acquired a new position in Voyager Technologies in the second quarter valued at about $26,000. Steward Partners Investment Advisory LLC bought a new position in Voyager Technologies in the 2nd quarter valued at about $28,000. Ameritas Investment Partners Inc. acquired a new position in shares of Voyager Technologies in the 3rd quarter valued at approximately $34,000. Russell Investments Group Ltd. bought a new stake in shares of Voyager Technologies during the 3rd quarter worth approximately $35,000. Finally, Legal & General Group Plc acquired a new stake in shares of Voyager Technologies during the 2nd quarter worth approximately $40,000.

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.