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

Voyager Technologies, Inc. (NYSE:VOYG) 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 changing hands.

Analyst Ratings Changes

A number of equities analysts have recently commented on VOYG shares. TD Cowen started coverage on Voyager Technologies in a report on Monday, April 20th. They set a “buy” rating for the company. BTIG Research started coverage on Voyager Technologies in a report on Thursday. They set a “buy” rating and a $55.00 price target for the company. Zacks Research raised Voyager Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. Jefferies Financial Group boosted their price target on Voyager Technologies from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Finally, Wedbush boosted 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Voyager Technologies has an average rating of “Moderate Buy” and a consensus price target of $44.92.

Voyager Technologies Price Performance

The firm has a market cap of $2.56 billion and a P/E ratio of -17.25. 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 business has a 50-day moving average of $34.52 and a two-hundred day moving average of $29.97.

Voyager Technologies (NYSE:VOYG) last issued its quarterly earnings data on Monday, May 4th. The company reported ($0.61) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.75) by $0.14. The business had revenue of $35.25 million for the quarter. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.The business’s quarterly revenue was up .1% on a year-over-year basis. On average, sell-side analysts anticipate that Voyager Technologies, Inc. will post -3.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Voyager Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Legal & General Group Plc bought a new stake in Voyager Technologies during the 2nd quarter worth $40,000. Federation des caisses Desjardins du Quebec bought a new stake in shares of Voyager Technologies in the 4th quarter valued at about $26,000. Osaic Holdings Inc. bought a new stake in shares of Voyager Technologies in the 2nd quarter valued at about $40,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Voyager Technologies in the 4th quarter valued at about $28,000. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Voyager Technologies in the 3rd quarter valued at about $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.