Voyager Technologies (NYSE:VOYG) Shares Gap Down Following Weak Earnings

Voyager Technologies, Inc. (NYSE:VOYG)’s share price gapped down before the market opened on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $26.64, but opened at $25.86. Voyager Technologies shares last traded at $28.6220, with a volume of 852,254 shares changing hands.

The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.01). The company had revenue of $46.65 million during the quarter. Voyager Technologies had a negative net margin of 62.98% and a negative return on equity of 25.54%. The company’s revenue was up 23.7% compared to the same quarter last year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VOYG. Morgan Stanley set a $39.00 price objective on Voyager Technologies in a research report on Friday, January 16th. JPMorgan Chase & Co. initiated coverage on Voyager Technologies in a research note on Monday, November 24th. They issued an “overweight” rating and a $43.00 target price on the stock. Wedbush started coverage on Voyager Technologies in a research report on Friday, January 23rd. They set an “outperform” rating and a $46.00 price target for the company. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Voyager Technologies in a research note on Wednesday, January 21st. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.88.

Hedge Funds Weigh In On Voyager Technologies

Several hedge funds have recently modified their holdings of VOYG. Federation des caisses Desjardins du Quebec acquired a new stake in shares of Voyager Technologies in the fourth quarter valued at about $26,000. Steward Partners Investment Advisory LLC bought a new position in Voyager Technologies in the second quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Voyager Technologies during the 4th quarter worth approximately $28,000. Sunbelt Securities Inc. acquired a new position in shares of Voyager Technologies during the 4th quarter worth approximately $33,000. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Voyager Technologies during the 3rd quarter worth approximately $34,000.

Voyager Technologies Stock Performance

The company has a market cap of $1.52 billion and a price-to-earnings ratio of -6.54. The firm has a fifty day moving average price of $29.51 and a 200 day moving average price of $28.48.

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.