Voyager Technologies (NYSE:VOYG) Trading Down 9.5% – Time to Sell?

Shares of Voyager Technologies, Inc. (NYSE:VOYG) fell 9.5% on Wednesday . The company traded as low as $23.28 and last traded at $23.2140. Approximately 315,386 shares were traded during trading, a decline of 83% from the average session volume of 1,903,232 shares. The stock had previously closed at $25.65.

Analyst Upgrades and Downgrades

VOYG has been the subject of several research reports. JPMorgan Chase & Co. dropped their target price on Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. TD Cowen initiated coverage on Voyager Technologies in a report on Monday, April 20th. They set a “buy” rating on the stock. Wedbush started coverage on Voyager Technologies in a research note on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 price objective for the company. Wall Street Zen lowered shares of Voyager Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, April 19th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $39.00 target price on shares of Voyager Technologies in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.64.

Voyager Technologies Stock Performance

The firm has a market capitalization of $1.28 billion and a P/E ratio of -8.63. 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 of $35.45 and a 200-day moving average of $31.46.

Voyager Technologies (NYSE:VOYG) last announced 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. The firm 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 firm’s revenue was up .1% on a year-over-year basis. On average, equities analysts anticipate that Voyager Technologies, Inc. will post -3.48 earnings per share for the current fiscal year.

Institutional Trading of Voyager Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. Federation des caisses Desjardins du Quebec acquired a new stake in Voyager Technologies during the 4th quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Voyager Technologies in the 4th quarter worth approximately $28,000. Sunbelt Securities Inc. bought a new stake in shares of Voyager Technologies in the 4th quarter valued at $33,000. Ameritas Investment Partners Inc. bought a new stake in shares of Voyager Technologies in the 3rd quarter valued at $34,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Voyager Technologies during the third quarter worth $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.