Voyager Technologies (NYSE:VOYG) Reaches New 12-Month Low – Here’s Why

Voyager Technologies, Inc. (NYSE:VOYG) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $21.88 and last traded at $21.8340, with a volume of 202046 shares. The stock had previously closed at $22.84.

Analyst Ratings Changes

VOYG has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Voyager Technologies in a research report on Wednesday, October 8th. Wall Street Zen downgraded Voyager Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Bank of America reduced their target price on shares of Voyager Technologies from $50.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, August 25th. Finally, KeyCorp cut their target price on shares of Voyager Technologies from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Five equities research 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Voyager Technologies Price Performance

The stock has a fifty day moving average price of $30.40.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VOYG. Highline Wealth Partners LLC purchased a new position in Voyager Technologies during the second quarter worth about $26,000. New York State Common Retirement Fund grew its holdings in Voyager Technologies by 18.4% during the third quarter. New York State Common Retirement Fund now owns 4,400 shares of the company’s stock worth $131,000 after acquiring an additional 685 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in Voyager Technologies in the second quarter worth $28,000. Legal & General Group Plc acquired a new stake in Voyager Technologies in the second quarter valued at $40,000. Finally, Osaic Holdings Inc. acquired a new position in shares of Voyager Technologies during the 2nd quarter worth $40,000.

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.