Voyager Technologies (NYSE:VOYG) Stock Price Up 8.7% – Here’s Why

Voyager Technologies, Inc. (NYSE:VOYG)’s share price was up 8.7% during mid-day trading on Monday . The company traded as high as $28.50 and last traded at $29.00. Approximately 144,504 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 1,528,533 shares. The stock had previously closed at $26.69.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of Voyager Technologies in a research note on Wednesday, January 21st. KeyCorp lowered their price objective on shares of Voyager Technologies from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Morgan Stanley set a $39.00 price objective on shares of Voyager Technologies in a report on Friday, January 16th. Wedbush started coverage on Voyager Technologies in a research report on Friday, January 23rd. They set an “outperform” rating and a $46.00 price target for the company. Finally, JPMorgan Chase & Co. assumed coverage on Voyager Technologies in a report on Monday, November 24th. They issued an “overweight” rating and a $43.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $44.88.

Voyager Technologies Stock Up 4.9%

The company has a market capitalization of $1.51 billion and a PE ratio of -8.86. The firm has a 50-day moving average of $29.50 and a two-hundred day moving average of $28.62.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Federation des caisses Desjardins du Quebec acquired a new position in shares of Voyager Technologies in the fourth quarter worth about $26,000. Steward Partners Investment Advisory LLC acquired a new stake in Voyager Technologies in the second quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Voyager Technologies in the fourth quarter valued at approximately $28,000. Sunbelt Securities Inc. acquired a new position in shares of Voyager Technologies during the 4th quarter worth approximately $33,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in Voyager Technologies in the 3rd quarter valued at $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.