Voyager Technologies (NYSE:VOYG) Trading Down 7.3% – Should You Sell?

Voyager Technologies, Inc. (NYSE:VOYG) was down 7.3% during trading on Wednesday . The company traded as low as $38.92 and last traded at $39.1540. Approximately 160,284 shares changed hands during trading, a decline of 92% from the average session volume of 1,901,600 shares. The stock had previously closed at $42.24.

Wall Street Analysts Forecast Growth

VOYG has been the topic of several research reports. Weiss Ratings upgraded shares of Voyager Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, June 26th. Wedbush assumed coverage on shares of Voyager Technologies in a research note on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 price objective for the company. Morgan Stanley restated an “underweight” rating and issued a $37.00 target price on shares of Voyager Technologies in a report on Wednesday, August 5th. Citigroup upped their target price on shares of Voyager Technologies from $44.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Voyager Technologies in a report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.82.

Voyager Technologies Stock Down 7.0%

The company has a fifty day moving average of $33.53 and a two-hundred day moving average of $31.90. The company has a market cap of $2.17 billion, a PE ratio of -16.76 and a beta of 4.19. The company has a debt-to-equity ratio of 1.19, a quick ratio of 3.72 and a current ratio of 3.80.

Voyager Technologies (NYSE:VOYG) last posted its quarterly earnings data on Monday, August 3rd. The company reported ($0.70) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.01) by $0.31. Voyager Technologies had a negative net margin of 78.61% and a negative return on equity of 27.31%. The business had revenue of $52.75 million for the quarter. During the same quarter last year, the firm earned ($1.23) EPS. The company’s revenue was up 15.4% on a year-over-year basis. As a group, analysts anticipate that Voyager Technologies, Inc. will post -3.48 earnings per share for the current fiscal year.

Insider Activity at Voyager Technologies

In related news, President Matthew James Kuta sold 199,807 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $42.97, for a total transaction of $8,585,706.79. Following the transaction, the president directly owned 187,758 shares in the company, valued at approximately $8,067,961.26. This represents a 51.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 27.04% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Legal & General Group Plc purchased a new stake in shares of Voyager Technologies in the second quarter worth approximately $40,000. Federation des caisses Desjardins du Quebec purchased a new position in Voyager Technologies during the 4th quarter valued at $26,000. Osaic Holdings Inc. bought a new position in Voyager Technologies in the 2nd quarter valued at $40,000. Caitong International Asset Management Co. Ltd purchased a new stake in Voyager Technologies in the fourth quarter worth $28,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in Voyager Technologies in the third quarter worth $34,000.

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.