Voyager Technologies (NYSE:VOYG) Shares Down 6.2% – Should You Sell?

Shares of Voyager Technologies, Inc. (NYSE:VOYG) dropped 6.2% during trading on Tuesday . The stock traded as low as $37.65 and last traded at $37.8270. Approximately 256,592 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 1,874,453 shares. The stock had previously closed at $40.31.

Wall Street Analyst Weigh In

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

Voyager Technologies Stock Down 4.2%

The business’s fifty day simple moving average is $35.63 and its 200 day simple moving average is $30.45. 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 stock has a market cap of $2.07 billion and a price-to-earnings ratio of -13.79.

Voyager Technologies (NYSE:VOYG) last released its earnings results on Monday, May 4th. The company reported ($0.61) EPS for the quarter, topping 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 firm had revenue of $35.25 million during the quarter. The firm’s revenue was up .1% on a year-over-year basis. Equities analysts forecast that Voyager Technologies, Inc. will post -3.48 earnings per share for the current fiscal year.

Institutional Trading of Voyager Technologies

A number of institutional investors have recently bought and sold shares of VOYG. Legal & General Group Plc acquired a new stake in Voyager Technologies during the 2nd quarter worth $40,000. New York State Common Retirement Fund acquired a new stake in Voyager Technologies during the 2nd quarter worth $146,000. Squarepoint Ops LLC acquired a new stake in Voyager Technologies during the 2nd quarter worth $7,501,000. Alliancebernstein L.P. acquired a new stake in Voyager Technologies during the 2nd quarter worth $24,720,000. Finally, Raymond James Financial Inc. acquired a new stake in Voyager Technologies during the 2nd quarter worth $105,000.

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.