Voyager Technologies (NYSE:VOYG) Reaches New 52-Week Low – Here’s What Happened

Shares of Voyager Technologies, Inc. (NYSE:VOYG) reached a new 52-week low during trading on Tuesday . The stock traded as low as $25.69 and last traded at $27.8450, with a volume of 194879 shares changing hands. The stock had previously closed at $28.66.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VOYG. JPMorgan Chase & Co. began coverage on Voyager Technologies in a research note on Monday, July 7th. They issued an “overweight” rating and a $52.00 price target on the stock. KeyCorp began coverage on Voyager Technologies in a research note on Monday, July 7th. They issued an “overweight” rating and a $50.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Voyager Technologies in a research note on Wednesday, October 8th. Morgan Stanley began coverage on Voyager Technologies in a research note on Monday, July 7th. They issued an “equal weight” rating and a $46.00 price target on the stock. Finally, Bank of America decreased their price target on Voyager Technologies from $50.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, August 25th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Voyager Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $47.71.

Voyager Technologies Stock Down 2.8%

The stock has a fifty day moving average price of $31.27.

Voyager Technologies (NYSE:VOYG) last issued its quarterly earnings results on Monday, August 4th. The company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.33). The business had revenue of $45.67 million during the quarter, compared to the consensus estimate of $35.44 million. During the same quarter last year, the business posted ($1.29) EPS. Voyager Technologies’s revenue for the quarter was up 24.5% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. New York State Common Retirement Fund increased its holdings in shares of Voyager Technologies by 18.4% in the 3rd quarter. New York State Common Retirement Fund now owns 4,400 shares of the company’s stock valued at $131,000 after acquiring an additional 685 shares during the last quarter. Compass Wealth Management LLC purchased a new position in shares of Voyager Technologies in the 3rd quarter valued at about $2,318,000. Strs Ohio purchased a new position in shares of Voyager Technologies in the 3rd quarter valued at about $74,000. Lauer Wealth LLC purchased a new position in shares of Voyager Technologies in the 3rd quarter valued at about $274,000. Finally, Farther Finance Advisors LLC purchased a new position in shares of Voyager Technologies in the 3rd quarter valued at about $78,000.

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.