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

Voyager Technologies, Inc. (NYSE:VOYG) gapped down before the market opened on Friday . The stock had previously closed at $51.77, but opened at $48.80. Voyager Technologies shares last traded at $46.7120, with a volume of 538,226 shares.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wedbush increased their price target on Voyager Technologies from $46.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. dropped their price target on Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, April 13th. Citigroup increased their price target on Voyager Technologies from $36.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Zacks Research upgraded Voyager Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Finally, TD Cowen assumed coverage on Voyager Technologies in a research note on Monday, April 20th. They issued a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.64.

Voyager Technologies Stock Performance

The stock has a fifty day simple moving average of $30.99 and a two-hundred day simple moving average of $28.42. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.52 and a current ratio of 4.57. The stock has a market capitalization of $2.57 billion and a price-to-earnings ratio of -17.34.

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

Institutional Trading of Voyager Technologies

Large investors have recently made changes to their positions in the company. Legal & General Group Plc acquired a new stake in shares of Voyager Technologies in the 2nd quarter valued at about $40,000. Federation des caisses Desjardins du Quebec purchased a new position in shares of Voyager Technologies in the 4th quarter worth approximately $26,000. Osaic Holdings Inc. bought a new stake in shares of Voyager Technologies in the 2nd quarter worth approximately $40,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Voyager Technologies in the 4th quarter worth approximately $28,000. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Voyager Technologies in the 3rd quarter worth approximately $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.