Voyager Technologies (NYSE:VOYG) Hits New 1-Year Low - Here's Why

Key Points

• Voyager Technologies' share price dropped to a new **52-week low of $28.39**, closing at **$28.48** with significant trading volume of **535,715 shares**.
• Analysts are divided on the stock, with five giving a **Buy rating** and two a **Hold rating**, while the consensus target price is set at **$47.71**.
• Despite missing earnings expectations with an EPS of **($0.60)**, Voyager reported a **24.5% year-over-year revenue increase** of **$45.67 million** for the quarter.

Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $28.39 and last traded at $28.48, with a volume of 535715 shares traded. The stock had previously closed at $30.09.

Analyst Ratings Changes

Several analysts have weighed in on the company. KeyCorp began coverage on Voyager Technologies in a research report on Monday, July 7th. They issued an "overweight" rating and a $50.00 price objective for the company. Wolfe Research initiated coverage on shares of Voyager Technologies in a research report on Monday, July 7th. They set an "outperform" rating and a $50.00 price target for the company. Jefferies Financial Group initiated coverage on shares of Voyager Technologies in a research report on Monday, July 7th. They issued a "buy" rating and a $50.00 price objective on the stock. Wall Street Zen lowered shares of Voyager Technologies from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, JPMorgan Chase & Co. assumed coverage on Voyager Technologies in a report on Monday, July 7th. They set an "overweight" rating and a $52.00 price target on the stock. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.71.

Voyager Technologies Trading Down 5.1%

The stock has a fifty day moving average price of $37.40.

Voyager Technologies (NYSE:VOYG - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.33). The firm had revenue of $45.67 million during the quarter, compared to analysts' expectations of $35.44 million. The business's quarterly revenue was up 24.5% on a year-over-year basis. During the same period in the prior year, the company earned ($1.29) earnings per share. Voyager Technologies has set its FY 2025 guidance at EPS.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Cooper Creek Partners Management LLC bought a new stake in Voyager Technologies during the second quarter worth about $12,184,000. XTX Topco Ltd purchased a new position in Voyager Technologies in the second quarter worth about $395,000. Diametric Capital LP bought a new position in Voyager Technologies in the 2nd quarter valued at approximately $349,000. Seven Grand Managers LLC purchased a new stake in Voyager Technologies during the 2nd quarter valued at $6,869,000. Finally, HBK Investments L P bought a new stake in shares of Voyager Technologies in the second quarter worth approximately $687,000.

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.

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