Voyager Technologies (NYSE:VOYG) Trading 9.3% Higher – Still a Buy?

Voyager Technologies, Inc. (NYSE:VOYG) shares rose 9.3% during mid-day trading on Wednesday . The stock traded as high as $34.63 and last traded at $35.26. 211,285 shares were traded during trading, a decline of 89% from the average daily volume of 1,960,086 shares. The stock had previously closed at $32.25.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VOYG. TD Cowen began coverage on Voyager Technologies in a research note on Monday, April 20th. They issued a “buy” rating for the company. JPMorgan Chase & Co. decreased their price objective on shares of Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a report on Monday, April 13th. Zacks Research raised shares of Voyager Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Citigroup boosted their price target on shares of Voyager Technologies from $36.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Finally, Wolfe Research reissued an “outperform” rating and issued a $55.00 price target on shares of Voyager Technologies in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, nine have assigned 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 stock presently has an average rating of “Moderate Buy” and an average price target of $43.75.

Voyager Technologies Stock Up 10.1%

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 stock’s 50-day moving average price is $36.59 and its two-hundred day moving average price is $31.26. The stock has a market capitalization of $1.90 billion and a PE ratio of -12.77.

Voyager Technologies (NYSE:VOYG) last issued its quarterly earnings results 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 during the quarter. Voyager Technologies had a negative net margin of 72.90% and a negative return on equity of 18.42%. Voyager Technologies’s quarterly revenue was up .1% on a year-over-year basis. As a group, analysts expect that Voyager Technologies, Inc. will post -3.48 EPS for the current fiscal year.

Institutional Trading of Voyager Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Bank increased its holdings in shares of Voyager Technologies by 44,598.9% in the 4th quarter. Comerica Bank now owns 40,229 shares of the company’s stock worth $1,052,000 after purchasing an additional 40,139 shares in the last quarter. Vanderbilt University bought a new position in shares of Voyager Technologies during the fourth quarter valued at $3,579,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Voyager Technologies during the fourth quarter valued at $7,334,000. HB Wealth Management LLC bought a new stake in Voyager Technologies in the 4th quarter worth about $1,169,000. Finally, Liberty Street Advisors Inc. raised its position in Voyager Technologies by 25.1% in the 4th quarter. Liberty Street Advisors Inc. now owns 681,748 shares of the company’s stock worth $17,821,000 after buying an additional 136,925 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.