Voyager Technologies (NYSE:VOYG) Coverage Initiated at Citigroup

Investment analysts at Citigroup started coverage on shares of Voyager Technologies (NYSE:VOYG) in a note issued to investors on Monday. The firm set a “buy” rating and a $36.00 price target on the stock. Citigroup’s price objective would suggest a potential upside of 57.82% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Wedbush restated an “outperform” rating and issued a $46.00 price objective on shares of Voyager Technologies in a report on Friday, March 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Voyager Technologies in a research note on Wednesday, January 21st. Morgan Stanley set a $39.00 price target on Voyager Technologies in a research note on Friday, January 16th. Finally, Zacks Research downgraded Voyager Technologies from a “hold” rating to a “strong sell” rating in a report on Monday, March 9th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Voyager Technologies presently has a consensus rating of “Hold” and a consensus price target of $43.89.

Voyager Technologies Stock Performance

Shares of Voyager Technologies stock opened at $22.81 on Monday. The business has a 50-day simple moving average of $28.44 and a 200-day simple moving average of $28.16. The company has a debt-to-equity ratio of 1.04, a quick ratio of 4.34 and a current ratio of 4.37. Voyager Technologies has a one year low of $17.41 and a one year high of $73.95. The company has a market cap of $1.22 billion and a PE ratio of -5.27.

Voyager Technologies (NYSE:VOYG) last issued its earnings results on Monday, March 9th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.01). Voyager Technologies had a negative net margin of 62.98% and a negative return on equity of 23.35%. The firm had revenue of $46.65 million during the quarter. The business’s revenue was up 23.7% on a year-over-year basis.

Institutional Inflows and Outflows

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

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.