Voyager Technologies (NYSE:VOYG) Shares Gap Down – Should You Sell?

Voyager Technologies, Inc. (NYSE:VOYG)’s share price gapped down before the market opened on Friday . The stock had previously closed at $47.87, but opened at $46.20. Voyager Technologies shares last traded at $42.7820, with a volume of 606,127 shares.

Analysts Set New Price Targets

VOYG has been the subject of a number of analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Voyager Technologies in a report on Tuesday. Citigroup increased their target price on shares of Voyager Technologies from $36.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Jefferies Financial Group increased their target price on shares of Voyager Technologies from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, June 1st. BTIG Research initiated coverage on shares of Voyager Technologies in a report on Thursday. They set a “buy” rating and a $55.00 target price for the company. Finally, JPMorgan Chase & Co. dropped their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Voyager Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $44.92.

Voyager Technologies Trading Down 12.1%

The company has a market capitalization of $2.25 billion and a P/E ratio of -15.14. The stock’s 50 day moving average is $35.00 and its 200-day moving average is $30.17. 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 released its quarterly earnings results on Monday, May 4th. The company reported ($0.61) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.75) by $0.14. Voyager Technologies had a negative net margin of 72.90% and a negative return on equity of 18.42%. The company had revenue of $35.25 million during the quarter. Voyager Technologies’s quarterly revenue was up .1% compared to the same quarter last year. As a group, equities research analysts anticipate that Voyager Technologies, Inc. will post -3.48 earnings per share for the current year.

Hedge Funds Weigh In On Voyager Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Federation des caisses Desjardins du Quebec bought a new position in shares of Voyager Technologies during the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Voyager Technologies during the fourth quarter valued at approximately $28,000. Sunbelt Securities Inc. bought a new position in shares of Voyager Technologies during the fourth quarter valued at approximately $33,000. Ameritas Investment Partners Inc. bought a new position in shares of Voyager Technologies during the third quarter valued at approximately $34,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Voyager Technologies during the third quarter valued at approximately $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.