Voyager Technologies, Inc. (NYSE:VOYG – Get Free Report)’s share price fell 7.8% on Monday . The stock traded as low as $45.51 and last traded at $45.6730. 287,833 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 1,768,432 shares. The stock had previously closed at $49.53.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on VOYG. TD Cowen began coverage on shares of Voyager Technologies in a report on Monday, April 20th. They issued a “buy” rating for the company. Wall Street Zen downgraded shares of Voyager Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, April 19th. Jefferies Financial Group upped their target price on shares of Voyager Technologies from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Monday. Citigroup upped their target price on shares of Voyager Technologies from $36.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Finally, Wedbush upped their target price on shares of Voyager Technologies from $46.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.55.
Read Our Latest Stock Analysis on Voyager Technologies
Voyager Technologies Stock Performance
Voyager Technologies (NYSE:VOYG – Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The company reported ($0.61) EPS for the quarter, topping the consensus estimate of ($0.75) by $0.14. The business had revenue of $35.25 million for the quarter. Voyager Technologies had a negative net margin of 72.90% and a negative return on equity of 18.42%. The company’s quarterly revenue was up .1% on a year-over-year basis. On average, research analysts forecast that Voyager Technologies, Inc. will post -3.48 EPS for the current fiscal year.
Institutional Trading of Voyager Technologies
Hedge funds have recently bought and sold shares of the stock. Federation des caisses Desjardins du Quebec purchased a new stake in Voyager Technologies in the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in Voyager Technologies in the 4th quarter worth $28,000. Sunbelt Securities Inc. purchased a new stake in Voyager Technologies in the 4th quarter worth $33,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Voyager Technologies during the 3rd quarter valued at about $34,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Voyager Technologies during the 3rd quarter valued at about $35,000.
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.
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