Voyager Technologies (NYSE:VOYG) Stock Price Up 5.4% – Here’s Why

Voyager Technologies, Inc. (NYSE:VOYG) shot up 5.4% on Wednesday . The company traded as high as $33.84 and last traded at $33.6250. 306,058 shares traded hands during trading, a decline of 84% from the average session volume of 1,952,185 shares. The stock had previously closed at $31.89.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on VOYG shares. Weiss Ratings upgraded Voyager Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, June 26th. Wells Fargo & Company initiated coverage on shares of Voyager Technologies in a research note on Wednesday, April 1st. They set an “underweight” rating and a $21.00 price target on the stock. TD Cowen assumed coverage on Voyager Technologies in a report on Monday, April 20th. They set a “buy” rating for the company. Wedbush initiated coverage on shares of Voyager Technologies in a report on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 price target on the stock. Finally, Zacks Research raised shares of Voyager Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.64.

Voyager Technologies Stock Performance

The company has a market cap of $1.79 billion and a price-to-earnings ratio of -12.02. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.52 and a current ratio of 4.57. The firm’s 50 day simple moving average is $36.88 and its 200-day simple moving average is $31.55.

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

Institutional Investors Weigh In On Voyager Technologies

A number of hedge funds have recently modified their holdings of VOYG. Federation des caisses Desjardins du Quebec purchased a new stake in shares of Voyager Technologies during the 4th quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in Voyager Technologies during the fourth quarter worth $28,000. Sunbelt Securities Inc. purchased a new stake in Voyager Technologies in the fourth quarter valued at $33,000. Ameritas Investment Partners Inc. purchased a new stake in Voyager Technologies in the third quarter valued at $34,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Voyager Technologies during the 3rd quarter worth $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.