Voyager Technologies (NYSE:VOYG) Stock Rating Raised to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of Voyager Technologies (NYSE:VOYG) from a strong sell rating to a sell rating in a report released on Saturday,Wall Street Zen reports.

A number of other analysts also recently weighed in on VOYG. TD Cowen decreased their price objective on Voyager Technologies from $42.00 to $36.00 and set a “buy” rating for the company in a report on Friday, October 9th. BTIG Research lowered their price objective on Voyager Technologies from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, November 4th. Morgan Stanley cut their price objective on Voyager Technologies from $37.00 to $36.00 and set an “underweight” rating on the stock in a research note on Friday, October 16th. KeyCorp lowered their price target on shares of Voyager Technologies from $50.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, November 2nd. Finally, Weiss Ratings downgraded shares of Voyager Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Voyager Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.90.

Voyager Technologies Price Performance

VOYG traded down $0.85 on Friday, reaching $26.94. The stock had a trading volume of 656,748 shares, compared to its average volume of 1,493,036. Voyager Technologies has a fifty-two week low of $17.41 and a fifty-two week high of $52.40. The firm has a 50-day moving average of $29.19 and a 200-day moving average of $31.38. The company has a current ratio of 2.93, a quick ratio of 2.88 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of -9.07 and a beta of 4.49.

Voyager Technologies (NYSE:VOYG) last released its quarterly earnings results on Monday, November 2nd. The company reported ($0.87) earnings per share for the quarter, missing the consensus estimate of ($0.85) by ($0.02). The firm had revenue of $88.72 million for the quarter. Voyager Technologies had a negative return on equity of 42.47% and a negative net margin of 78.96%. The company’s revenue was up 124.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.28) EPS. As a group, sell-side analysts anticipate that Voyager Technologies will post -3.30 EPS for the current year.

Hedge Funds Weigh In On Voyager Technologies

Several large investors have recently bought and sold shares of VOYG. Fulcrum Asset Management LLP bought a new stake in shares of Voyager Technologies in the 3rd quarter worth $28,000. Versant Capital Management Inc lifted its position in shares of Voyager Technologies by 66.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,098 shares of the company’s stock worth $33,000 after buying an additional 440 shares in the last quarter. Johnson Financial Group Inc. bought a new position in shares of Voyager Technologies during the 1st quarter worth approximately $42,000. Integrated Wealth Concepts LLC purchased a new position in shares of Voyager Technologies in the 2nd quarter worth approximately $46,000. Finally, Sterling Capital Management LLC boosted its stake in shares of Voyager Technologies by 850.5% in the 3rd quarter. Sterling Capital Management LLC now owns 1,730 shares of the company’s stock worth $52,000 after buying an additional 1,548 shares during the last quarter.

Voyager Technologies Company Profile

Voyager Technologies is a space and defense technology company that develops and provides products and services for government and commercial customers. Its work spans national security, space infrastructure and exploration, including technologies and mission support for activities in orbit. Through its space business, Voyager provides services such as payload integration and deployment, research support and access to the International Space Station. Its Nanoracks business has supported commercial use of the station, including through the Bishop Airlock.