Voyager Technologies (NYSE:VOYG) Stock Jumps 10.6% – Time to Buy?

Voyager Technologies, Inc. (NYSE:VOYG – Get Free Report)’s stock price rose 10.6% during trading on Tuesday. The stock traded as high as $27.21 and last traded at $27.4050. 403,093 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 1,902,153 shares. The stock had previously closed at $24.78.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on VOYG shares. Weiss Ratings cut shares of Voyager Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, October 6th. Citigroup boosted their price target on shares of Voyager Technologies from $44.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Morgan Stanley dropped their price objective on Voyager Technologies from $37.00 to $36.00 and set an “underweight” rating on the stock in a report on Friday, October 16th. Wall Street Zen upgraded shares of Voyager Technologies from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, Wedbush began coverage on Voyager Technologies in a report on Wednesday, July 1st. They set an “outperform” rating and a $46.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Voyager Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $44.20.

View Our Latest Stock Analysis on Voyager Technologies

Voyager Technologies Trading Up 12.2%

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 business has a 50 day simple moving average of $32.37 and a two-hundred day simple moving average of $31.89. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of -11.88 and a beta of 4.44.

Voyager Technologies (NYSE:VOYG – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported ($0.70) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.01) by $0.31. Voyager Technologies had a negative net margin of 78.61% and a negative return on equity of 27.31%. The business had revenue of $52.75 million for the quarter. During the same period last year, the business earned ($1.23) EPS. The firm’s revenue was up 15.4% on a year-over-year basis. As a group, equities analysts anticipate that Voyager Technologies, Inc. will post -3.37 EPS for the current year.

Insiders Place Their Bets

In other Voyager Technologies news, President Matthew Kuta sold 199,807 shares of Voyager Technologies stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $42.97, for a total value of $8,585,706.79. Following the sale, the president directly owned 187,758 shares in the company, valued at approximately $8,067,961.26. The trade was a 51.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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.

Hedge Funds Weigh In On Voyager Technologies

Several large investors have recently modified their holdings of the stock. Tema ETFs LLC raised its stake in shares of Voyager Technologies by 125,688.6% during the second quarter. Tema ETFs LLC now owns 1,353,485 shares of the company’s stock valued at $43,650,000 after acquiring an additional 1,352,409 shares during the last quarter. Tidal Investments LLC bought a new position in Voyager Technologies in the second quarter worth about $42,593,000. Wellington Management Group LLP raised its position in shares of Voyager Technologies by 39.3% in the 2nd quarter. Wellington Management Group LLP now owns 2,307,088 shares of the company’s stock worth $74,404,000 after acquiring an additional 650,531 shares in the last quarter. Readystate Asset Management LP boosted its stake in Voyager Technologies by 1,464.5% during the second quarter. Readystate Asset Management LP now owns 410,251 shares of the company’s stock worth $13,231,000 after acquiring an additional 384,028 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Voyager Technologies by 66.7% during the first quarter. Bank of America Corp DE now owns 444,434 shares of the company’s stock valued at $10,395,000 after acquiring an additional 177,842 shares in the last quarter.

Voyager Technologies Company Profile

(Get Free Report)

Voyager Technologies, Inc is a space and defense company that develops and operates technologies and infrastructure for commercial, civil and national security applications. Its activities span space stations, in-space infrastructure, satellite and spacecraft systems, and defense technologies designed to support government and commercial customers.

The company’s portfolio includes Starlab, a planned commercial space station being developed with international and industry partners, as well as space infrastructure and spacecraft capabilities associated with its operating businesses.

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