Voyager Technologies (NYSE:VOYG) Trading Up 9.5% – Still a Buy?

Voyager Technologies, Inc. (NYSE:VOYG)’s share price traded up 9.5% during trading on Thursday . The stock traded as high as $24.90 and last traded at $26.0210. 219,036 shares traded hands during trading, a decline of 86% from the average session volume of 1,572,671 shares. The stock had previously closed at $23.76.

Analyst Ratings Changes

VOYG has been the subject of several recent analyst reports. Citigroup began coverage on Voyager Technologies in a report on Monday. They issued a “buy” rating and a $36.00 target price for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Voyager Technologies in a research report on Wednesday, January 21st. Wedbush restated an “outperform” rating and issued a $46.00 price objective on shares of Voyager Technologies in a research note on Friday, March 13th. Wells Fargo & Company assumed coverage on Voyager Technologies in a research note on Wednesday. They set an “underweight” rating and a $21.00 target price on the stock. Finally, TD Cowen assumed coverage on shares of Voyager Technologies in a report on Wednesday. They issued a “buy” rating and a $35.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.00.

Voyager Technologies Price Performance

The company has a current ratio of 4.37, a quick ratio of 4.34 and a debt-to-equity ratio of 1.04. The business’s fifty day moving average is $27.81 and its 200 day moving average is $28.03. The company has a market cap of $1.41 billion and a P/E ratio of -6.08.

Voyager Technologies (NYSE:VOYG) last announced 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 firm had revenue of $46.65 million for the quarter. Voyager Technologies had a negative net margin of 62.98% and a negative return on equity of 23.35%. Voyager Technologies’s revenue for the quarter was up 23.7% compared to the same quarter last year.

Institutional Investors Weigh In On Voyager Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VOYG. New York State Common Retirement Fund lifted 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 valued at $131,000 after buying an additional 685 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Voyager Technologies in the 2nd quarter valued at approximately $28,000. Ameriprise Financial Inc. raised its holdings in Voyager Technologies by 2.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 27,271 shares of the company’s stock valued at $812,000 after acquiring an additional 757 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Voyager Technologies by 33.8% during the fourth quarter. Farther Finance Advisors LLC now owns 3,492 shares of the company’s stock worth $91,000 after acquiring an additional 882 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Voyager Technologies in the second quarter worth $40,000.

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.