Voyager Technologies (NYSE:VOYG) Shares Down 7.7% – What’s Next?

Voyager Technologies, Inc. (NYSE:VOYG)’s stock price dropped 7.7% during mid-day trading on Tuesday . The stock traded as low as $25.25 and last traded at $25.7940. Approximately 213,863 shares were traded during trading, a decline of 86% from the average daily volume of 1,578,673 shares. The stock had previously closed at $27.95.

Analyst Ratings Changes

A number of equities research analysts have commented on VOYG shares. Morgan Stanley set a $39.00 price target on Voyager Technologies in a research note on Friday, January 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Voyager Technologies in a research note on Wednesday, January 21st. Wedbush reissued an “outperform” rating and set a $46.00 price objective on shares of Voyager Technologies in a research report on Friday, March 13th. Zacks Research cut shares of Voyager Technologies from a “hold” rating to a “strong sell” rating in a research report on Monday, March 9th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Voyager Technologies in a research note on Monday, November 24th. They issued an “overweight” rating and a $43.00 price target on the stock. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $44.88.

Voyager Technologies Stock Performance

The stock’s 50-day moving average is $29.16 and its 200-day moving average is $28.29. The stock has a market cap of $1.35 billion and a price-to-earnings ratio of -5.86. 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 posted its quarterly earnings results on Monday, March 9th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.01). Voyager Technologies had a negative net margin of 62.98% and a negative return on equity of 23.35%. The firm had revenue of $46.65 million for the quarter. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VOYG. Senvest Management LLC boosted its position in Voyager Technologies by 29.3% during the fourth quarter. Senvest Management LLC now owns 3,905,721 shares of the company’s stock valued at $102,096,000 after purchasing an additional 884,962 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in Voyager Technologies by 88.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 3,417,841 shares of the company’s stock worth $89,342,000 after buying an additional 1,600,540 shares during the last quarter. Wellington Management Group LLP lifted its stake in Voyager Technologies by 23.7% in the fourth quarter. Wellington Management Group LLP now owns 2,017,623 shares of the company’s stock valued at $52,741,000 after acquiring an additional 386,010 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Voyager Technologies by 27.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,186,823 shares of the company’s stock valued at $35,344,000 after acquiring an additional 256,499 shares during the period. Finally, Capital International Investors raised its holdings in shares of Voyager Technologies by 93.4% in the 4th quarter. Capital International Investors now owns 1,033,158 shares of the company’s stock valued at $27,007,000 after purchasing an additional 498,963 shares during the period.

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.