Voyager Technologies (NYSE:VOYG) Trading Up 9.5% – Here’s What Happened

Voyager Technologies, Inc. (NYSE:VOYG)’s share price was up 9.5% during mid-day trading on Monday . The company traded as high as $28.30 and last traded at $27.95. Approximately 569,128 shares changed hands during trading, a decline of 64% from the average daily volume of 1,580,578 shares. The stock had previously closed at $25.52.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Morgan Stanley set a $39.00 price objective on shares of Voyager Technologies in a research report on Friday, January 16th. Wedbush reiterated an “outperform” rating and set a $46.00 target price on shares of Voyager Technologies in a research report on Friday, March 13th. Zacks Research downgraded Voyager Technologies from a “hold” rating to a “strong sell” rating in a research note on Monday, March 9th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Voyager Technologies in a report on Wednesday, January 21st. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Voyager Technologies currently has an average rating of “Hold” and an average price target of $44.88.

Voyager Technologies Trading Up 4.8%

The firm has a market cap of $1.40 billion and a PE ratio of -6.07. The company has a debt-to-equity ratio of 1.04, a current ratio of 4.37 and a quick ratio of 4.34. The business has a 50-day moving average price of $29.04 and a two-hundred day moving average price of $28.26.

Voyager Technologies (NYSE:VOYG) last released its quarterly earnings data on Monday, March 9th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.01). The business had revenue of $46.65 million during the quarter. Voyager Technologies had a negative return on equity of 23.35% and a negative net margin of 62.98%.The business’s revenue for the quarter was up 23.7% compared to the same quarter last year.

Institutional Trading of Voyager Technologies

Several large investors have recently modified their holdings of VOYG. Legal & General Group Plc purchased a new position in shares of Voyager Technologies during the 2nd quarter worth approximately $40,000. Steward Partners Investment Advisory LLC acquired a new stake in Voyager Technologies during the 2nd quarter valued at $28,000. XTX Topco Ltd purchased a new position in Voyager Technologies during the second quarter worth $395,000. Norges Bank purchased a new position in Voyager Technologies during the second quarter worth $13,738,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Voyager Technologies in the second quarter worth $146,000.

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. 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.