Voyager Technologies (NYSE:VOYG) Shares Gap Up – What’s Next?

Voyager Technologies, Inc. (NYSE:VOYG)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $41.28, but opened at $43.40. Voyager Technologies shares last traded at $45.78, with a volume of 592,378 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. BTIG Research started coverage on shares of Voyager Technologies in a research report on Thursday. They issued a “buy” rating and a $55.00 target price for the company. TD Cowen started coverage on shares of Voyager Technologies in a research report on Monday, April 20th. They issued a “buy” rating for the company. Wall Street Zen lowered shares of Voyager Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, April 19th. Zacks Research upgraded shares of Voyager Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 15th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $55.00 target price on shares of Voyager Technologies in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.92.

Voyager Technologies Stock Performance

The company has a market cap of $2.22 billion and a PE ratio of -14.96. The business’s 50-day moving average is $35.36 and its 200 day moving average is $30.25. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.52 and a current ratio of 4.57.

Voyager Technologies (NYSE:VOYG) last issued its 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 company had revenue of $35.25 million for the quarter. The company’s revenue was up .1% on a year-over-year basis. On average, equities research analysts predict that Voyager Technologies, Inc. will post -3.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc bought a new position in Voyager Technologies during the second quarter valued at approximately $40,000. Federation des caisses Desjardins du Quebec bought a new position in Voyager Technologies during the fourth quarter valued at approximately $26,000. Osaic Holdings Inc. bought a new position in Voyager Technologies during the second quarter valued at approximately $40,000. Caitong International Asset Management Co. Ltd bought a new position in Voyager Technologies during the fourth quarter valued at approximately $28,000. Finally, Ameritas Investment Partners Inc. bought a new position in Voyager Technologies during the third quarter valued at approximately $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.