Voyager Technologies (NYSE:VOYG) Stock Price Down 6.4% – Time to Sell?

Voyager Technologies, Inc. (NYSE:VOYG) was down 6.4% on Monday . The stock traded as low as $34.95 and last traded at $34.70. Approximately 260,282 shares changed hands during trading, a decline of 86% from the average daily volume of 1,895,193 shares. The stock had previously closed at $37.09.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VOYG. Wedbush started coverage on Voyager Technologies in a research report on Friday. They set an “outperform” rating and a $46.00 price objective for the company. Morgan Stanley set a $39.00 price objective on shares of Voyager Technologies in a research note on Friday, January 16th. KeyCorp cut their target price on shares of Voyager Technologies from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Voyager Technologies in a report on Wednesday. Finally, JPMorgan Chase & Co. started coverage on shares of Voyager Technologies in a research note on Monday, November 24th. They set an “overweight” rating and a $43.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.88.

Voyager Technologies Stock Down 10.5%

The firm has a market cap of $1.79 billion and a PE ratio of -10.51. The firm’s fifty day simple moving average is $26.63 and its two-hundred day simple moving average is $30.49.

Hedge Funds Weigh In On Voyager Technologies

Large investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC purchased a new stake in shares of Voyager Technologies during the second quarter worth about $28,000. Ameritas Investment Partners Inc. bought a new position in Voyager Technologies in the 3rd quarter worth approximately $34,000. Russell Investments Group Ltd. purchased a new stake in Voyager Technologies during the 3rd quarter valued at approximately $35,000. Legal & General Group Plc purchased a new position in shares of Voyager Technologies in the second quarter worth $40,000. Finally, Osaic Holdings Inc. bought a new position in shares of Voyager Technologies during the second quarter worth $40,000.

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.