Voyager Technologies (NYSE:VOYG) Trading Down 6.5% – Here’s Why

Voyager Technologies, Inc. (NYSE:VOYG)’s stock price fell 6.5% during trading on Tuesday . The company traded as low as $39.52 and last traded at $39.6450. 512,462 shares traded hands during trading, a decline of 71% from the average session volume of 1,794,187 shares. The stock had previously closed at $42.42.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. TD Cowen assumed coverage on Voyager Technologies in a report on Monday, April 20th. They set a “buy” rating for the company. Wall Street Zen lowered shares of Voyager Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, April 19th. Wolfe Research reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Voyager Technologies in a research note on Wednesday, June 3rd. Zacks Research upgraded Voyager Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. Finally, Wedbush lifted their price target on Voyager Technologies from $46.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, May 29th. One equities research analyst has 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. According to data from MarketBeat, Voyager Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

Voyager Technologies Price Performance

The stock has a market capitalization of $2.09 billion and a P/E ratio of -14.10. The company’s 50 day simple moving average is $33.80 and its two-hundred day simple moving average is $29.66. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.57 and a quick ratio of 4.52.

Voyager Technologies (NYSE:VOYG) last announced its earnings results on Monday, May 4th. The company reported ($0.61) EPS for the quarter, topping the consensus estimate of ($0.75) by $0.14. The firm 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 business’s quarterly revenue was up .1% on a year-over-year basis. As a group, equities analysts expect that Voyager Technologies, Inc. will post -3.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VOYG. Alyeska Investment Group L.P. acquired a new stake in shares of Voyager Technologies during the 3rd quarter worth approximately $54,119,000. Wellington Management Group LLP lifted its position in shares of Voyager Technologies by 653.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,631,613 shares of the company’s stock valued at $48,589,000 after acquiring an additional 1,415,192 shares during the period. Balyasny Asset Management L.P. bought a new position in Voyager Technologies during the second quarter worth $38,997,000. Senvest Management LLC grew its holdings in Voyager Technologies by 29.3% in the fourth quarter. Senvest Management LLC now owns 3,905,721 shares of the company’s stock worth $102,096,000 after purchasing an additional 884,962 shares during the period. Finally, Alliancebernstein L.P. bought a new stake in Voyager Technologies in the second quarter valued at $24,720,000.

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.