Voyager Technologies (NYSE:VOYG) Trading Up 6.7% – Here’s Why

Voyager Technologies, Inc. (NYSE:VOYG) shares were up 6.7% during trading on Tuesday . The stock traded as high as $33.70 and last traded at $33.6930. Approximately 181,052 shares traded hands during trading, a decline of 88% from the average daily volume of 1,572,733 shares. The stock had previously closed at $31.58.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on VOYG shares. Wall Street Zen cut shares of Voyager Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday. Zacks Research upgraded shares of Voyager Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. TD Cowen began coverage on shares of Voyager Technologies in a report on Monday. They set a “buy” rating for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Voyager Technologies in a research report on Wednesday, January 21st. Finally, Morgan Stanley set a $39.00 price target on shares of Voyager Technologies in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.64.

Voyager Technologies Price Performance

The company has a market capitalization of $1.69 billion and a P/E ratio of -7.31. The company’s 50-day moving average price is $27.53 and its two-hundred day moving average price is $27.96. The company has a debt-to-equity ratio of 1.04, a current ratio of 4.37 and a quick ratio of 4.34.

Voyager Technologies (NYSE:VOYG) last issued its quarterly earnings data on Monday, March 9th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.01). The company had revenue of $46.65 million during the quarter. Voyager Technologies had a negative net margin of 62.98% and a negative return on equity of 23.35%. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, sell-side analysts expect that Voyager Technologies, Inc. will post -2.79 EPS for the current year.

Hedge Funds Weigh In On Voyager Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Compass Wealth Management LLC acquired a new position in shares of Voyager Technologies in the third quarter valued at about $2,318,000. Vanderbilt University acquired a new stake in Voyager Technologies during the fourth quarter worth about $3,579,000. Penserra Capital Management LLC acquired a new stake in shares of Voyager Technologies in the 3rd quarter valued at approximately $3,544,000. Liberty Street Advisors Inc. boosted its stake in shares of Voyager Technologies by 25.1% in the 4th quarter. Liberty Street Advisors Inc. now owns 681,748 shares of the company’s stock valued at $17,821,000 after purchasing an additional 136,925 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of Voyager Technologies in the 3rd quarter valued at approximately $1,182,000.

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.