Voyager Technologies (NYSE:VOYG) Stock Price Down 6.5% – Time to Sell?

Voyager Technologies, Inc. (NYSE:VOYG)’s stock price traded down 6.5% during trading on Tuesday . The stock traded as low as $39.52 and last traded at $39.6450. 512,462 shares changed hands during trading, a decline of 71% from the average session volume of 1,794,187 shares. The stock had previously closed at $42.42.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VOYG. Wolfe Research restated an “outperform” rating and set a $55.00 price target on shares of Voyager Technologies in a report on Wednesday, June 3rd. Wall Street Zen downgraded Voyager Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 19th. Jefferies Financial Group increased their price target on Voyager Technologies from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, June 1st. TD Cowen initiated coverage on Voyager Technologies in a research report on Monday, April 20th. They issued a “buy” rating on the stock. Finally, Zacks Research upgraded Voyager Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Voyager Technologies currently has an average rating of “Moderate Buy” and an average target price of $44.00.

Voyager Technologies Stock Performance

The company’s 50-day moving average is $33.80 and its two-hundred day moving average is $29.66. The company has a market capitalization of $2.08 billion and a P/E ratio of -14.10. 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, topping analysts’ consensus estimates 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 business had revenue of $35.25 million during the quarter. Voyager Technologies’s revenue was up .1% on a year-over-year basis. Equities analysts anticipate that Voyager Technologies, Inc. will post -3.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in shares of 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 purchasing an additional 177,842 shares in the last quarter. Janus Henderson Group PLC grew its position in Voyager Technologies by 0.5% during the 1st quarter. Janus Henderson Group PLC now owns 1,029,203 shares of the company’s stock worth $24,073,000 after acquiring an additional 5,225 shares during the last quarter. California State Teachers Retirement System lifted its position in Voyager Technologies by 11.0% in the first quarter. California State Teachers Retirement System now owns 17,594 shares of the company’s stock valued at $412,000 after purchasing an additional 1,744 shares during the last quarter. Readystate Asset Management LP bought a new position in shares of Voyager Technologies in the first quarter worth approximately $613,000. Finally, Royal Bank of Canada increased its stake in shares of Voyager Technologies by 18.8% in the first quarter. Royal Bank of Canada now owns 3,041 shares of the company’s stock worth $71,000 after buying an additional 481 shares during the period.

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.