Voyager Technologies (NYSE:VOYG) Trading 11.7% Higher – What’s Next?
by Kim Johansen · The Markets DailyVoyager Technologies, Inc. (NYSE:VOYG – Get Free Report)’s stock price rose 11.7% during trading on Monday . The company traded as high as $27.43 and last traded at $27.4010. 651,751 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 1,889,424 shares. The stock had previously closed at $24.53.
Analyst Ratings Changes
Several research firms have recently issued reports on VOYG. BTIG Research started coverage on shares of Voyager Technologies in a research report on Thursday, June 11th. They set a “buy” rating and a $55.00 price objective for the company. Wolfe Research reissued an “outperform” rating and issued a $55.00 target price on shares of Voyager Technologies in a report on Wednesday, June 3rd. Wall Street Zen cut Voyager Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 19th. TD Cowen started coverage on Voyager Technologies in a report on Monday, April 20th. They set a “buy” rating for the company. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $37.00 price objective on shares of Voyager Technologies in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.45.
Read Our Latest Research Report on Voyager Technologies
Voyager Technologies Trading Up 4.0%
The company has a market cap of $1.86 billion, a price-to-earnings ratio of -12.54 and a beta of 4.19. The company has a quick ratio of 4.52, a current ratio of 4.57 and a debt-to-equity ratio of 1.11. The business’s fifty day simple moving average is $34.45 and its two-hundred day simple moving average is $31.38.
Voyager Technologies (NYSE:VOYG – Get Free Report) last issued its earnings results on Monday, May 4th. The company reported ($0.61) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.75) by $0.14. Voyager Technologies had a negative net margin of 78.61% and a negative return on equity of 25.80%. The business had revenue of $35.25 million during the quarter. The business’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities analysts predict that Voyager Technologies, Inc. will post -3.48 EPS for the current year.
Hedge Funds Weigh In On Voyager Technologies
Several hedge funds have recently made changes to their positions in VOYG. Federation des caisses Desjardins du Quebec purchased a new stake in shares of Voyager Technologies in the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd acquired a new position in Voyager Technologies during the fourth quarter worth approximately $28,000. Sunbelt Securities Inc. purchased a new stake in Voyager Technologies in the fourth quarter valued at approximately $33,000. Ameritas Investment Partners Inc. purchased a new stake in Voyager Technologies in the third quarter valued at approximately $34,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Voyager Technologies in the third quarter valued at approximately $35,000.
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.