Voyager Technologies (NYSE:VOYG) Stock Price Down 6.2% – Should You Sell?

Voyager Technologies, Inc. (NYSE:VOYG)’s stock price fell 6.2% during mid-day trading on Tuesday . The company traded as low as $37.65 and last traded at $37.8270. 256,592 shares changed hands during trading, a decline of 86% from the average session volume of 1,874,453 shares. The stock had previously closed at $40.31.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VOYG. TD Cowen began coverage on Voyager Technologies in a report on Monday, April 20th. They set a “buy” rating on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Voyager Technologies in a report on Tuesday, June 9th. Wells Fargo & Company began coverage on Voyager Technologies in a report on Wednesday, April 1st. They set an “underweight” rating and a $21.00 target price on the stock. BTIG Research began coverage on Voyager Technologies in a report on Thursday, June 11th. They set a “buy” rating and a $55.00 target price on the stock. Finally, Zacks Research raised Voyager Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.92.

Voyager Technologies Price Performance

The stock has a 50 day moving average of $36.07 and a two-hundred day moving average of $30.68. The stock has a market cap of $2.06 billion and a PE ratio of -13.88. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.52 and a current ratio of 4.57.

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

Hedge Funds Weigh In On Voyager Technologies

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

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.