Voyager Technologies (NYSE:VOYG) Shares Gap Down – Time to Sell?

Voyager Technologies, Inc. (NYSE:VOYG)’s share price gapped down prior to trading on Friday . The stock had previously closed at $51.77, but opened at $48.80. Voyager Technologies shares last traded at $46.7120, with a volume of 538,226 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wells Fargo & Company assumed coverage on Voyager Technologies in a research report on Wednesday, April 1st. They issued an “underweight” rating and a $21.00 target price on the stock. Citigroup upped their target price on Voyager Technologies from $36.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Wall Street Zen downgraded Voyager Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, April 19th. Wedbush increased their price target on Voyager Technologies from $46.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, JPMorgan Chase & Co. reduced their price target on Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Voyager Technologies has an average rating of “Moderate Buy” and an average price target of $42.64.

Voyager Technologies Stock Down 7.3%

The firm has a market cap of $2.57 billion and a price-to-earnings ratio of -17.34. 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 $30.99 and a 200-day moving average of $28.42.

Voyager Technologies (NYSE:VOYG) last released its earnings results on Monday, May 4th. The company reported ($0.61) earnings per share for the quarter, topping the consensus estimate of ($0.75) by $0.14. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.The firm had revenue of $35.25 million during the quarter. The business’s revenue was up .1% compared to the same quarter last year. Sell-side analysts predict that Voyager Technologies, Inc. will post -3.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Voyager Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in Voyager Technologies by 66.7% during the first quarter. Bank of America Corp DE now owns 444,434 shares of the company’s stock worth $10,395,000 after purchasing an additional 177,842 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Voyager Technologies by 0.5% during the first quarter. Janus Henderson Group PLC now owns 1,029,203 shares of the company’s stock worth $24,073,000 after purchasing an additional 5,225 shares during the last quarter. California State Teachers Retirement System lifted its stake in Voyager Technologies by 11.0% during 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 during the last quarter. Readystate Asset Management LP bought a new stake in Voyager Technologies during the first quarter worth $613,000. Finally, Royal Bank of Canada lifted its stake in Voyager Technologies by 18.8% during the first quarter. Royal Bank of Canada now owns 3,041 shares of the company’s stock worth $71,000 after purchasing an additional 481 shares during the last quarter.

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.