Voyager Technologies (NYSE:VOYG) Issues Earnings Results

Voyager Technologies (NYSE:VOYG) announced its earnings results on Monday, August 3rd. The company reported ($0.70) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.01) by $0.31, Briefing.com reports. The business had revenue of $52.75 million for the quarter. Voyager Technologies had a negative net margin of 78.61% and a negative return on equity of 27.31%. The business’s revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the business posted ($1.23) earnings per share.

Voyager Technologies Stock Up 0.9%

VOYG traded up $0.39 on Wednesday, hitting $43.29. The company had a trading volume of 936,728 shares, compared to its average volume of 1,914,623. The firm has a market capitalization of $2.39 billion, a P/E ratio of -18.50 and a beta of 4.19. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.80 and a quick ratio of 3.72. The stock has a fifty day simple moving average of $33.53 and a 200-day simple moving average of $31.60. Voyager Technologies has a 52-week low of $17.41 and a 52-week high of $52.40.

Analyst Upgrades and Downgrades

VOYG has been the topic of a number of recent analyst reports. Weiss Ratings raised Voyager Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, June 26th. BTIG Research began coverage on Voyager Technologies in a research note on Thursday, June 11th. They set a “buy” rating and a $55.00 target price for the company. Wolfe Research reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Voyager Technologies in a report on Wednesday, June 3rd. Wall Street Zen cut Voyager Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 19th. Finally, Wedbush started coverage on Voyager Technologies in a research note on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.91.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Legal & General Group Plc bought a new position in shares of Voyager Technologies during the 2nd quarter valued at about $40,000. Federation des caisses Desjardins du Quebec purchased a new position in Voyager Technologies in the fourth quarter worth about $26,000. Osaic Holdings Inc. bought a new stake in Voyager Technologies during the second quarter worth approximately $40,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Voyager Technologies in the 4th quarter valued at approximately $28,000. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Voyager Technologies during the 3rd 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.