Voyager Technologies (NYSE:VOYG) Stock Price Up 11.5% – What’s Next?

Voyager Technologies, Inc. (NYSE:VOYG) shares traded up 11.5% during mid-day trading on Friday . The company traded as high as $44.37 and last traded at $44.7310. 2,019,281 shares traded hands during trading, an increase of 20% from the average session volume of 1,676,473 shares. The stock had previously closed at $40.10.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wedbush reissued an “outperform” rating and set a $46.00 price target on shares of Voyager Technologies in a research report on Friday, April 17th. JPMorgan Chase & Co. reduced their price target on shares of Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. TD Cowen assumed coverage on shares of Voyager Technologies in a research report on Monday, April 20th. They set a “buy” rating for the company. Wells Fargo & Company assumed coverage on shares of Voyager Technologies in a research report on Wednesday, April 1st. They set an “underweight” rating and a $21.00 price target for the company. Finally, Zacks Research raised shares of Voyager Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 15th. One 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.36.

Voyager Technologies Stock Up 11.8%

The firm has a market cap of $2.40 billion and a price-to-earnings ratio of -16.13. The business’s 50 day moving average price is $29.00 and its 200 day moving average price is $27.67. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.52 and a current ratio of 4.57.

Voyager Technologies (NYSE:VOYG) last issued its quarterly earnings data on Monday, May 4th. The company reported ($0.61) EPS 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%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities analysts forecast 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 and other institutional investors have recently made changes to their positions in the company. HB Wealth Management LLC grew its stake in shares of Voyager Technologies by 0.8% during the 1st quarter. HB Wealth Management LLC now owns 45,096 shares of the company’s stock worth $1,055,000 after purchasing an additional 376 shares during the period. Royal Bank of Canada grew its stake in shares of Voyager Technologies by 18.8% during the 1st quarter. Royal Bank of Canada now owns 3,041 shares of the company’s stock worth $71,000 after purchasing an additional 481 shares during the period. New York State Common Retirement Fund grew its stake in shares of Voyager Technologies by 18.4% during the 3rd quarter. New York State Common Retirement Fund now owns 4,400 shares of the company’s stock worth $131,000 after purchasing an additional 685 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Voyager Technologies by 2.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 27,271 shares of the company’s stock worth $812,000 after purchasing an additional 757 shares during the period. Finally, Farther Finance Advisors LLC grew its stake 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 purchasing an additional 882 shares during the period.

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.