Voyager Technologies (NYSE:VOYG) Stock Price Up 11.5% – What’s Next?

Voyager Technologies, Inc. (NYSE:VOYG)’s share price rose 11.5% during mid-day trading on Friday . The stock traded as high as $44.37 and last traded at $44.7310. Approximately 2,019,281 shares traded hands during trading, an increase of 20% from the average daily volume of 1,676,473 shares. The stock had previously closed at $40.10.

Wall Street Analysts Forecast Growth

VOYG has been the topic of several recent research reports. Wedbush reiterated an “outperform” rating and set a $46.00 target price on shares of Voyager Technologies in a report on Friday, April 17th. Wall Street Zen cut shares of Voyager Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, April 19th. JPMorgan Chase & Co. decreased their price target on shares of Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. Wells Fargo & Company initiated coverage on shares of Voyager Technologies in a research report on Wednesday, April 1st. They set an “underweight” rating and a $21.00 price target for the company. Finally, TD Cowen initiated coverage on shares of Voyager Technologies in a research report on Monday, April 20th. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $41.36.

Voyager Technologies Trading Up 11.8%

The firm has a market capitalization of $2.40 billion and a PE ratio of -16.13. The company’s 50-day simple moving average is $29.00 and its 200 day simple moving average is $27.67. The company has a quick ratio of 4.52, a current ratio of 4.57 and a debt-to-equity ratio of 1.11.

Voyager Technologies (NYSE:VOYG) last released its quarterly earnings results on Monday, May 4th. The company reported ($0.61) EPS for the quarter, beating the consensus estimate of ($0.75) by $0.14. The business 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%. Voyager Technologies’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, sell-side analysts expect that Voyager Technologies, Inc. will post -3.48 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VOYG. Legal & General Group Plc acquired a new position in Voyager Technologies during the 2nd quarter valued at approximately $40,000. New York State Common Retirement Fund acquired a new position in Voyager Technologies during the 2nd quarter valued at approximately $146,000. Squarepoint Ops LLC acquired a new position in Voyager Technologies during the 2nd quarter valued at approximately $7,501,000. Alliancebernstein L.P. acquired a new position in Voyager Technologies during the 2nd quarter valued at approximately $24,720,000. Finally, Raymond James Financial Inc. acquired a new position in Voyager Technologies during the 2nd quarter valued at approximately $105,000.

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.