Voyager Technologies (NYSE:VOYG) Trading Down 6.2% – Here’s What Happened

Voyager Technologies, Inc. (NYSE:VOYG)’s stock price traded down 6.2% during mid-day trading on Tuesday . The stock traded as low as $37.65 and last traded at $37.8270. 256,592 shares traded hands during trading, a decline of 86% from the average session volume of 1,874,453 shares. The stock had previously closed at $40.31.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wolfe Research reissued an “outperform” rating and set a $55.00 target price on shares of Voyager Technologies in a research note on Wednesday, June 3rd. Wedbush boosted their target price on shares of Voyager Technologies from $46.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Wall Street Zen downgraded shares of Voyager Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 19th. JPMorgan Chase & Co. cut their target price on shares of Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Finally, Wells Fargo & Company assumed coverage on shares of Voyager Technologies in a research note on Wednesday, April 1st. They set an “underweight” rating and a $21.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.92.

Voyager Technologies Price Performance

The company has a debt-to-equity ratio of 1.11, a current ratio of 4.57 and a quick ratio of 4.52. The stock’s 50 day moving average price is $35.63 and its two-hundred day moving average price is $30.45. The firm has a market capitalization of $2.07 billion and a price-to-earnings ratio of -13.79.

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, beating analysts’ consensus estimates of ($0.75) by $0.14. The company had revenue of $35.25 million during the quarter. Voyager Technologies had a negative net margin of 72.90% and a negative return on equity of 18.42%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities research analysts anticipate that Voyager Technologies, Inc. will post -3.48 EPS for the current year.

Institutional Trading of Voyager Technologies

Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its stake in Voyager Technologies by 66.7% in the 1st quarter. Bank of America Corp DE now owns 444,434 shares of the company’s stock valued at $10,395,000 after buying an additional 177,842 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Voyager Technologies by 0.5% in the 1st quarter. Janus Henderson Group PLC now owns 1,029,203 shares of the company’s stock valued at $24,073,000 after buying an additional 5,225 shares in the last quarter. California State Teachers Retirement System boosted its stake in Voyager Technologies by 11.0% in the 1st quarter. California State Teachers Retirement System now owns 17,594 shares of the company’s stock valued at $412,000 after buying an additional 1,744 shares in the last quarter. Readystate Asset Management LP acquired a new stake in Voyager Technologies in the 1st quarter valued at $613,000. Finally, Royal Bank of Canada boosted its stake in Voyager Technologies by 18.8% in the 1st quarter. Royal Bank of Canada now owns 3,041 shares of the company’s stock valued at $71,000 after buying an additional 481 shares in the last quarter.

About Voyager Technologies

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.