Voyager Technologies (NYSE:VOYG) Shares Gap Up – Here’s What Happened

Voyager Technologies, Inc. (NYSE:VOYG) gapped up prior to trading on Tuesday . The stock had previously closed at $28.01, but opened at $33.99. Voyager Technologies shares last traded at $35.8640, with a volume of 877,014 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Voyager Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, June 26th. Wedbush began coverage on Voyager Technologies in a research note on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 target price on the stock. Wolfe Research reiterated an “outperform” rating and set a $55.00 price target on shares of Voyager Technologies in a report on Wednesday, June 3rd. Jefferies Financial Group lifted their target price on Voyager Technologies from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Finally, Zacks Research upgraded shares of Voyager Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.45.

Voyager Technologies Price Performance

The firm has a market cap of $1.86 billion, a P/E ratio of -14.83 and a beta of 4.19. The business’s fifty day simple moving average is $34.18 and its 200-day simple moving average is $31.39. The company has a current ratio of 4.57, a quick ratio of 4.52 and a debt-to-equity ratio of 1.11.

Voyager Technologies (NYSE:VOYG) last released its quarterly earnings data on Monday, May 4th. The company reported ($0.61) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.75) by $0.14. The company had revenue of $35.25 million for the quarter. Voyager Technologies had a negative return on equity of 25.80% and a negative net margin of 78.61%.The company’s revenue for the quarter was up .1% on a year-over-year basis. As a group, analysts forecast that Voyager Technologies, Inc. will post -3.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VOYG. HB Wealth Management LLC grew its position in Voyager Technologies by 0.8% during the first quarter. HB Wealth Management LLC now owns 45,096 shares of the company’s stock worth $1,055,000 after buying an additional 376 shares in the last quarter. World Equity Group Inc. grew its holdings in shares of Voyager Technologies by 1.1% during the second quarter. World Equity Group Inc. now owns 38,433 shares of the company’s stock worth $1,239,000 after purchasing an additional 400 shares in the last quarter. Royal Bank of Canada raised its stake in Voyager Technologies by 18.8% in the first quarter. Royal Bank of Canada now owns 3,041 shares of the company’s stock valued at $71,000 after purchasing an additional 481 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Voyager Technologies by 2.9% during the third quarter. Ameriprise Financial Inc. now owns 27,271 shares of the company’s stock valued at $812,000 after purchasing an additional 757 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Voyager Technologies by 33.8% during the 4th quarter. Farther Finance Advisors LLC now owns 3,492 shares of the company’s stock worth $91,000 after acquiring an additional 882 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.