Voyager Technologies (NYSE:VOYG) Trading 6.1% Higher – Still a Buy?

Voyager Technologies, Inc. (NYSE:VOYG) shares rose 6.1% during trading on Friday . The stock traded as high as $27.97 and last traded at $27.66. Approximately 368,601 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 1,512,751 shares. The stock had previously closed at $26.08.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of Voyager Technologies in a research note on Wednesday, January 21st. Zacks Research downgraded Voyager Technologies from a “hold” rating to a “strong sell” rating in a research note on Monday. Wedbush reaffirmed an “outperform” rating and issued a $46.00 price objective on shares of Voyager Technologies in a research note on Friday. Morgan Stanley set a $39.00 target price on shares of Voyager Technologies in a research report on Friday, January 16th. Finally, JPMorgan Chase & Co. began coverage on Voyager Technologies in a research note on Monday, November 24th. They issued an “overweight” rating and a $43.00 price target for the company. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $44.88.

Voyager Technologies Stock Performance

The firm has a market cap of $1.46 billion and a P/E ratio of -6.27. The stock’s 50-day moving average price is $29.53 and its 200 day moving average price is $28.46. The company has a debt-to-equity ratio of 1.04, a current ratio of 4.37 and a quick ratio of 4.90.

Voyager Technologies (NYSE:VOYG) last issued its earnings results on Monday, March 9th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.01). Voyager Technologies had a negative return on equity of 23.35% and a negative net margin of 62.98%.The company had revenue of $46.65 million for the quarter. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year.

Hedge Funds Weigh In On Voyager Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in VOYG. Senvest Management LLC bought a new position in Voyager Technologies in the 2nd quarter valued at approximately $110,514,000. Norges Bank purchased a new stake in Voyager Technologies in the 2nd quarter worth $13,738,000. Cooper Creek Partners Management LLC bought a new stake in Voyager Technologies in the second quarter worth $12,184,000. Compass Wealth Management LLC purchased a new position in Voyager Technologies during the 3rd quarter valued at about $2,318,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in Voyager Technologies during the 2nd quarter valued at approximately $41,607,000.

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.