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

Shares of Voyager Technologies, Inc. (NYSE:VOYG) gapped down before the market opened on Friday . The stock had previously closed at $47.87, but opened at $46.20. Voyager Technologies shares last traded at $42.7820, with a volume of 606,127 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. BTIG Research assumed coverage on shares of Voyager Technologies in a report on Thursday. They issued a “buy” rating and a $55.00 price target on the stock. Zacks Research raised shares of Voyager Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. cut their target price on shares of Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. Wall Street Zen lowered shares of Voyager Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, April 19th. Finally, Wedbush upped their target price on shares of Voyager Technologies from $46.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.92.

Voyager Technologies Price Performance

The firm’s 50-day moving average is $35.00 and its 200-day moving average is $30.17. The company has a market capitalization of $2.25 billion and a PE ratio of -15.14. The company has a quick ratio of 4.52, a current ratio of 4.57 and a debt-to-equity ratio of 1.11.

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

Institutional Investors Weigh In On Voyager Technologies

Institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc purchased a new stake in Voyager Technologies during the 2nd quarter valued at about $40,000. Federation des caisses Desjardins du Quebec purchased a new stake in Voyager Technologies during the 4th quarter valued at about $26,000. Osaic Holdings Inc. purchased a new stake in Voyager Technologies during the 2nd quarter valued at about $40,000. Caitong International Asset Management Co. Ltd purchased a new stake in Voyager Technologies during the 4th quarter valued at about $28,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in Voyager Technologies during the 3rd quarter valued at about $34,000.

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.