Voyager Technologies (NYSE:VOYG) Releases Quarterly Earnings Results

Voyager Technologies (NYSE:VOYG) issued its earnings results on Monday. The company reported ($0.37) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $46.65 million during the quarter. Voyager Technologies had a negative net margin of 53.06% and a negative return on equity of 37.90%.

Voyager Technologies Stock Down 0.5%

NYSE:VOYG traded down $0.13 during trading hours on Monday, reaching $26.59. 1,614,666 shares of the company’s stock were exchanged, compared to its average volume of 1,509,033. Voyager Technologies has a 1-year low of $17.41 and a 1-year high of $73.95. The firm has a market capitalization of $1.43 billion and a price-to-earnings ratio of -8.41. The company has a 50-day moving average of $29.48 and a 200 day moving average of $28.53.

Institutional Investors Weigh In On Voyager Technologies

Several hedge funds have recently made changes to their positions in the business. Federation des caisses Desjardins du Quebec purchased a new position in shares of Voyager Technologies during the fourth quarter worth about $26,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Voyager Technologies during the second quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Voyager Technologies during the fourth quarter worth $28,000. Sunbelt Securities Inc. purchased a new position in Voyager Technologies in the 4th quarter valued at $33,000. Finally, Ameritas Investment Partners Inc. acquired a new position in Voyager Technologies in the 3rd quarter valued at $34,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on VOYG shares. Wedbush began coverage on shares of Voyager Technologies in a research report on Friday, January 23rd. They issued an “outperform” rating and a $46.00 price target for the company. Morgan Stanley set a $39.00 target price on Voyager Technologies in a research report on Friday, January 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Voyager Technologies in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. initiated coverage on Voyager Technologies in a research note on Monday, November 24th. They set an “overweight” rating and a $43.00 price target on the stock. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Voyager Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $44.88.

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.