Voyager Technologies (NYSE:VOYG) Upgraded by Wedbush to Strong-Buy Rating

Wedbush upgraded shares of Voyager Technologies (NYSE:VOYG) to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

Several other equities research analysts also recently commented on the company. Wall Street Zen downgraded Voyager Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, April 19th. TD Cowen began coverage on Voyager Technologies in a research note on Monday, April 20th. They issued a “buy” rating for the company. Zacks Research raised Voyager Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. reduced their price target on Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. Finally, Wells Fargo & Company began coverage on Voyager Technologies in a research report on Wednesday, April 1st. They set an “underweight” rating and a $21.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Voyager Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $43.75.

Voyager Technologies Stock Performance

Shares of VOYG opened at $34.14 on Tuesday. The business’s fifty day simple moving average is $36.69 and its two-hundred day simple moving average is $31.35. 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 has a 12 month low of $17.41 and a 12 month high of $52.40. The company has a market cap of $1.83 billion and a price-to-earnings ratio of -12.28.

Voyager Technologies (NYSE:VOYG) last posted its quarterly earnings results on Monday, May 4th. The company reported ($0.61) earnings per share for the quarter, topping the consensus estimate of ($0.75) by $0.14. The firm had revenue of $35.25 million during the quarter. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.The business’s quarterly revenue was up .1% compared to the same quarter last year. Research analysts anticipate that Voyager Technologies will post -3.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of VOYG. Federation des caisses Desjardins du Quebec bought a new stake in Voyager Technologies during the fourth quarter valued at about $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Voyager Technologies in the fourth quarter worth about $28,000. Sunbelt Securities Inc. bought a new position in shares of Voyager Technologies in the fourth quarter worth about $33,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Voyager Technologies during the third quarter worth about $34,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Voyager Technologies during the third quarter worth about $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.