Voyager Technologies (NYSE:VOYG) Trading 13.5% Higher – What’s Next?

Voyager Technologies, Inc. (NYSE:VOYG)’s stock price traded up 13.5% on Friday . The stock traded as high as $28.50 and last traded at $29.0810. 876,454 shares changed hands during trading, a decline of 44% from the average session volume of 1,570,223 shares. The stock had previously closed at $25.62.

Analyst Ratings Changes

VOYG has been the topic of several recent research reports. Morgan Stanley set a $39.00 price objective on shares of Voyager Technologies in a report on Friday, January 16th. Zacks Research raised shares of Voyager Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Voyager Technologies in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of Voyager Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, April 19th. Finally, TD Cowen initiated coverage on shares of Voyager Technologies in a report on Monday, April 20th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.64.

Voyager Technologies Stock Performance

The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.34 and a current ratio of 4.57. The firm’s 50 day moving average is $27.55 and its 200-day moving average is $27.47. The stock has a market capitalization of $1.59 billion and a price-to-earnings ratio of -10.68.

Voyager Technologies (NYSE:VOYG) last posted its earnings results on Monday, May 4th. The company reported ($0.61) earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $35.25 million during the quarter. The company’s quarterly revenue was up .1% on a year-over-year basis. Analysts forecast that Voyager Technologies, Inc. will post -3.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Voyager Technologies

Large investors have recently made changes to their positions in the company. Legal & General Group Plc acquired a new position in shares of Voyager Technologies in the 2nd quarter valued at $40,000. Federation des caisses Desjardins du Quebec acquired a new position in shares of Voyager Technologies in the 4th quarter valued at $26,000. Osaic Holdings Inc. acquired a new position in shares of Voyager Technologies in the 2nd quarter valued at $40,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Voyager Technologies in the 4th quarter valued at $28,000. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of Voyager Technologies in the 3rd quarter valued at $34,000.

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.