Voyager Technologies (NYSE:VOYG) Shares Gap Up – Here’s Why

Voyager Technologies, Inc. (NYSE:VOYG) shares gapped up prior to trading on Tuesday . The stock had previously closed at $28.01, but opened at $33.99. Voyager Technologies shares last traded at $35.8640, with a volume of 877,014 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VOYG. Citigroup raised their price objective on Voyager Technologies from $36.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Jefferies Financial Group increased their target price on Voyager Technologies from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Weiss Ratings upgraded Voyager Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, June 26th. BTIG Research began coverage on Voyager Technologies in a research report on Thursday, June 11th. They issued a “buy” rating and a $55.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their price target on shares of Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $43.64.

Voyager Technologies Trading Up 23.9%

The company has a debt-to-equity ratio of 1.11, a current ratio of 4.57 and a quick ratio of 4.52. The stock has a market cap of $1.86 billion, a P/E ratio of -12.44 and a beta of 4.19. The stock’s 50-day moving average is $34.71 and its two-hundred day moving average is $31.38.

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

Hedge Funds Weigh In On Voyager Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VOYG. Federation des caisses Desjardins du Quebec purchased a new stake in shares of Voyager Technologies during the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Voyager Technologies in the fourth quarter worth $28,000. Sunbelt Securities Inc. bought a new stake in Voyager Technologies in the fourth quarter worth $33,000. Ameritas Investment Partners Inc. purchased a new stake in Voyager Technologies during the third quarter valued at $34,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Voyager Technologies in the 3rd quarter worth $35,000.

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.