Voyager Technologies (NYSE:VOYG) Sees Strong Trading Volume – Here’s What Happened

Voyager Technologies, Inc. (NYSE:VOYG) shares saw unusually-high trading volume on Thursday . 2,919,403 shares traded hands during mid-day trading, an increase of 54% from the previous session’s volume of 1,892,473 shares.The stock last traded at $31.1440 and had previously closed at $31.40.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. BTIG Research began coverage on shares of Voyager Technologies in a research note on Thursday, June 11th. They set a “buy” rating and a $55.00 target price on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $65.00 price target on shares of Voyager Technologies in a report on Sunday, August 9th. Citigroup upped their price target on Voyager Technologies from $44.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Morgan Stanley restated an “underweight” rating and set a $37.00 price objective on shares of Voyager Technologies in a research report on Wednesday, August 5th. Finally, Wedbush assumed coverage on Voyager Technologies in a research note on Wednesday, July 1st. They set an “outperform” rating and a $46.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $45.20.

Voyager Technologies Stock Performance

The firm’s fifty day moving average price is $33.79 and its 200 day moving average price is $33.20. The company has a current ratio of 3.80, a quick ratio of 3.72 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $1.82 billion, a PE ratio of -13.31 and a beta of 4.39.

Voyager Technologies (NYSE:VOYG) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.70) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.01) by $0.31. Voyager Technologies had a negative return on equity of 27.31% and a negative net margin of 78.61%.The business had revenue of $52.75 million during the quarter. During the same quarter in the prior year, the business posted ($1.23) earnings per share. Voyager Technologies’s revenue was up 15.4% on a year-over-year basis. On average, research analysts anticipate that Voyager Technologies, Inc. will post -3.48 earnings per share for the current year.

Insider Activity at Voyager Technologies

In related news, President Matthew Kuta sold 199,807 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $42.97, for a total value of $8,585,706.79. Following the transaction, the president owned 187,758 shares in the company, valued at approximately $8,067,961.26. This represents a 51.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 27.04% of the company’s stock.

Institutional Trading of Voyager Technologies

Several large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its holdings in shares of Voyager Technologies by 39.3% during the 2nd quarter. Wellington Management Group LLP now owns 2,307,088 shares of the company’s stock valued at $74,404,000 after purchasing an additional 650,531 shares in the last quarter. Tema ETFs LLC increased its position in Voyager Technologies by 125,688.6% during the second quarter. Tema ETFs LLC now owns 1,353,485 shares of the company’s stock worth $43,650,000 after buying an additional 1,352,409 shares during the last quarter. Tidal Investments LLC bought a new position in Voyager Technologies during the second quarter valued at about $42,593,000. Capital International Investors raised its holdings in Voyager Technologies by 93.4% during the fourth quarter. Capital International Investors now owns 1,033,158 shares of the company’s stock valued at $27,007,000 after buying an additional 498,963 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Voyager Technologies by 0.5% in the first quarter. Janus Henderson Group PLC now owns 1,029,203 shares of the company’s stock worth $24,073,000 after buying an additional 5,225 shares during the last quarter.

About Voyager Technologies

Voyager Technologies, Inc is a space and defense company that develops and delivers technologies and services for commercial, civil and national-security customers. Its activities span space infrastructure, in-space transportation and services, defense systems, and technologies supporting human spaceflight and exploration.

The company is associated with Nanoracks, which provides commercial access to space and in-orbit payload and infrastructure services, and Starlab Space, a joint venture focused on developing a commercial space station.