Voyager Technologies (NYSE:VOYG) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Voyager Technologies, Inc. (NYSE:VOYG) saw strong trading volume on Thursday. 2,919,403 shares changed hands during mid-day trading, an increase of 54% from the previous session’s volume of 1,892,473 shares. The stock last traded at $31.1440 and had previously closed at $31.40.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VOYG. Morgan Stanley reaffirmed an “underweight” rating and set a $37.00 target price on shares of Voyager Technologies in a research note on Wednesday, August 5th. Citigroup raised their target price 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. Jefferies Financial Group restated a “buy” rating and issued a $65.00 price target on shares of Voyager Technologies in a research report on Sunday, August 9th. BTIG Research began coverage on Voyager Technologies in a report on Thursday, June 11th. They issued a “buy” rating and a $55.00 price target on the stock. Finally, Wall Street Zen lowered Voyager Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $45.20.

Voyager Technologies Stock Up 0.8%

The company has a quick ratio of 3.72, a current ratio of 3.80 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $1.83 billion, a PE ratio of -13.40 and a beta of 4.39. The business’s 50 day simple moving average is $34.02 and its 200 day simple moving average is $33.22.

Voyager Technologies (NYSE:VOYG) last released its earnings results on Monday, August 3rd. The company reported ($0.70) earnings per share for the quarter, topping the consensus estimate 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) earnings per share. The business’s revenue was up 15.4% on a year-over-year basis. As a group, analysts forecast that Voyager Technologies, Inc. will post -3.48 EPS for the current year.

Insiders Place Their Bets

In other Voyager Technologies news, President Matthew Kuta sold 199,807 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $42.97, for a total transaction of $8,585,706.79. Following the sale, the president directly owned 187,758 shares of the company’s stock, valued at $8,067,961.26. The trade was a 51.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 27.04% of the company’s stock.

Institutional Trading of Voyager Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the business. HB Wealth Management LLC raised its position in Voyager Technologies by 0.8% during the first quarter. HB Wealth Management LLC now owns 45,096 shares of the company’s stock valued at $1,055,000 after buying an additional 376 shares during the period. World Equity Group Inc. grew its stake in Voyager Technologies by 1.1% during the 2nd quarter. World Equity Group Inc. now owns 38,433 shares of the company’s stock valued at $1,239,000 after acquiring an additional 400 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Voyager Technologies by 18.8% in the 1st quarter. Royal Bank of Canada now owns 3,041 shares of the company’s stock valued at $71,000 after purchasing an additional 481 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Voyager Technologies in the second quarter worth approximately $46,000. Finally, California State Teachers Retirement System lifted its position in shares of Voyager Technologies by 11.0% in the first quarter. California State Teachers Retirement System now owns 17,594 shares of the company’s stock worth $412,000 after purchasing an additional 1,744 shares in the last quarter.

About Voyager Technologies

Voyager Technologies, Inc is a space and defense company that develops and delivers technologies and services for commercial, civil and national-security customers. Its activities span space infrastructure, in-space transportation and services, defense systems, and technologies supporting human spaceflight and exploration.

The company is associated with Nanoracks, which provides commercial access to space and in-orbit payload and infrastructure services, and Starlab Space, a joint venture focused on developing a commercial space station.