Voyager Technologies (NYSE:VOYG) Posts Earnings Results, Beats Expectations By $0.25 EPS

Voyager Technologies (NYSE:VOYG) released its quarterly earnings data on Monday. The company reported ($0.76) EPS for the quarter, beating analysts’ consensus estimates of ($1.01) by $0.25, Zacks reports. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.

Voyager Technologies Trading Up 14.4%

Shares of Voyager Technologies stock traded up $3.53 during trading hours on Monday, hitting $28.06. The company’s stock had a trading volume of 1,893,852 shares, compared to its average volume of 1,898,724. The company has a market capitalization of $1.50 billion, a PE ratio of -10.09 and a beta of 4.19. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.57 and a quick ratio of 4.52. The stock has a 50 day moving average of $35.04 and a 200 day moving average of $31.40. Voyager Technologies has a 12 month low of $17.41 and a 12 month high of $52.40.

Institutional Trading of Voyager Technologies

A number of large investors have recently bought and sold shares of the business. Federation des caisses Desjardins du Quebec acquired a new stake in Voyager Technologies during the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Voyager Technologies in the fourth quarter valued at approximately $28,000. Sunbelt Securities Inc. bought a new stake in shares of Voyager Technologies during the fourth quarter worth $33,000. Ameritas Investment Partners Inc. bought a new stake in shares of Voyager Technologies during the third quarter worth $34,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Voyager Technologies during the third quarter worth $35,000.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. BTIG Research began coverage on Voyager Technologies in a report on Thursday, June 11th. They set a “buy” rating and a $55.00 target price on the stock. Zacks Research upgraded shares of Voyager Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 15th. Wolfe Research reissued an “outperform” rating and set a $55.00 price objective on shares of Voyager Technologies in a research note on Wednesday, June 3rd. Citigroup upped their target price on shares of Voyager Technologies from $36.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Finally, Wedbush started coverage on shares of Voyager Technologies in a report on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.64.

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.