Voyager Technologies (NYSE:VOYG) Shares Down 4.7% - What's Next?

Key Points

• Voyager Technologies shares fell 4.7% to $34.87 in low-volume trading, while the stock’s high beta of 4.39 highlights significant volatility.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $45.20, implying upside from the current price.
• The company beat quarterly EPS estimates and reported 15.4% year-over-year revenue growth to $52.75 million, but it remains unprofitable; insider selling also increased after President Matthew Kuta sold roughly 200,000 shares.

Shares of Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report) dropped 4.7% on Friday . The company traded as low as $35.10 and last traded at $34.87. 152,095 shares were traded during trading, a decline of 92% from the average daily volume of 1,812,721 shares. The stock had previously closed at $36.60.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Jefferies Financial Group reaffirmed a "buy" rating and set a $65.00 price target on shares of Voyager Technologies in a report on Sunday, August 9th. Morgan Stanley reissued an "underweight" rating and set a $37.00 target price on shares of Voyager Technologies in a research note on Wednesday, August 5th. Wolfe Research reissued an "outperform" rating and issued a $55.00 price target on shares of Voyager Technologies in a report on Wednesday, June 3rd. Weiss Ratings upgraded Voyager Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, June 26th. Finally, Wedbush initiated coverage on shares of Voyager Technologies in a report on Wednesday, July 1st. They set an "outperform" rating and a $46.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $45.20.

Voyager Technologies Price Performance

The firm's 50 day simple moving average is $33.29 and its 200 day simple moving average is $33.00. The company has a market capitalization of $2.02 billion, a PE ratio of -14.79 and a beta of 4.39. The company has a quick ratio of 3.72, a current ratio of 3.80 and a debt-to-equity ratio of 1.19.

Voyager Technologies (NYSE:VOYG - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported ($0.70) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.01) by $0.31. Voyager Technologies had a negative return on equity of 27.31% and a negative net margin of 78.61%.The company had revenue of $52.75 million during the quarter. Voyager Technologies's revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.23) EPS. As a group, research analysts anticipate that Voyager Technologies, Inc. will post -3.48 EPS for the current fiscal year.

Insider Activity

In other news, President Matthew Kuta sold 199,807 shares of the firm's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $42.97, for a total transaction of $8,585,706.79. Following the transaction, the president owned 187,758 shares in the company, valued at approximately $8,067,961.26. This trade represents a 51.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 27.04% of the company's stock.

Institutional Investors Weigh In On Voyager Technologies

Several hedge funds have recently modified their holdings of VOYG. Tidal Investments LLC purchased a new stake in shares of Voyager Technologies during the 2nd quarter worth $42,593,000. Archford Capital Strategies LLC acquired a new position in Voyager Technologies in the 2nd quarter worth approximately $421,000. Integrated Wealth Concepts LLC purchased a new position in shares of Voyager Technologies during the second quarter worth $46,000. Readystate Asset Management LP raised its stake in shares of Voyager Technologies by 1,464.5% during the 2nd quarter. Readystate Asset Management LP now owns 410,251 shares of the company's stock valued at $13,231,000 after buying an additional 384,028 shares during the last quarter. Finally, HB Wealth Management LLC lifted its holdings in Voyager Technologies by 1.0% in the second quarter. HB Wealth Management LLC now owns 45,567 shares of the company's stock valued at $1,470,000 after acquiring an additional 471 shares during the period.

About Voyager Technologies

Voyager Technologies, Inc is a space and defense company that develops and delivers technologies and services for commercial, civil and national-security customers. Its activities span space infrastructure, in-space transportation and services, defense systems, and technologies supporting human spaceflight and exploration.

The company is associated with Nanoracks, which provides commercial access to space and in-orbit payload and infrastructure services, and Starlab Space, a joint venture focused on developing a commercial space station.

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