Voyager Technologies (NYSE:VOYG) Shares Gap Up – What’s Next?

Voyager Technologies, Inc. (NYSE:VOYGGet Free Report)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $41.28, but opened at $43.40. Voyager Technologies shares last traded at $45.78, with a volume of 592,378 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VOYG. Wedbush increased their price target on Voyager Technologies from $46.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Weiss Ratings restated a “sell (e+)” rating on shares of Voyager Technologies in a report on Tuesday. Wolfe Research reiterated an “outperform” rating and set a $55.00 price objective on shares of Voyager Technologies in a report on Wednesday, June 3rd. Zacks Research upgraded Voyager Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. Finally, BTIG Research initiated coverage on Voyager Technologies in a report on Thursday. They set a “buy” rating and a $55.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.92.

Get Our Latest Research Report on VOYG

Voyager Technologies Price Performance

The company has a current ratio of 4.57, a quick ratio of 4.52 and a debt-to-equity ratio of 1.11. The company has a 50 day moving average price of $34.52 and a 200 day moving average price of $29.97. The company has a market capitalization of $2.56 billion and a P/E ratio of -17.25.

Voyager Technologies (NYSE:VOYGGet Free Report) last issued its 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. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.The company had revenue of $35.25 million during the quarter. The company’s quarterly revenue was up .1% on a year-over-year basis. On average, equities analysts predict that Voyager Technologies, Inc. will post -3.48 EPS for the current fiscal year.

Institutional Trading of Voyager Technologies

Several hedge funds have recently added to or reduced their stakes in VOYG. Comerica Bank raised its holdings in Voyager Technologies by 44,598.9% in the 4th quarter. Comerica Bank now owns 40,229 shares of the company’s stock valued at $1,052,000 after acquiring an additional 40,139 shares in the last quarter. Vanderbilt University acquired a new position in Voyager Technologies in the 4th quarter valued at $3,579,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Voyager Technologies in the 4th quarter valued at $7,334,000. Compass Wealth Management LLC acquired a new position in Voyager Technologies in the 3rd quarter valued at $2,318,000. Finally, HB Wealth Management LLC acquired a new position in Voyager Technologies in the 4th quarter valued at $1,169,000.

About Voyager Technologies

(Get Free Report)

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.

See Also

Receive News & Ratings for Voyager Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voyager Technologies and related companies with MarketBeat.com's FREE daily email newsletter.