Voyager Technologies (NYSE:VOYG) Hits New 52-Week Low - Here's Why

Key Points

• Voyager Technologies' stock reached a new 52-week low of $32.08, closing at $32.13 with a trading volume of 576,926 shares.
• Analysts have mixed opinions on Voyager Technologies, with a consensus average rating of "Moderate Buy" and target prices ranging from $46.00 to $50.00.
• For the most recent quarter, Voyager reported an EPS of ($0.60), missing estimates, but showed a revenue increase of 24.5% year-over-year, totaling $45.67 million.

Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report) shares reached a new 52-week low on Friday . The company traded as low as $32.08 and last traded at $32.13, with a volume of 576926 shares traded. The stock had previously closed at $34.99.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Jefferies Financial Group assumed coverage on Voyager Technologies in a research note on Monday, July 7th. They issued a "buy" rating and a $50.00 price objective for the company. Barclays assumed coverage on Voyager Technologies in a research report on Monday, July 7th. They issued an "equal weight" rating and a $45.00 price target for the company. Morgan Stanley began coverage on shares of Voyager Technologies in a report on Monday, July 7th. They issued an "equal weight" rating and a $46.00 target price for the company. Wolfe Research initiated coverage on shares of Voyager Technologies in a report on Monday, July 7th. They set an "outperform" rating and a $50.00 price target on the stock. Finally, Wall Street Zen downgraded Voyager Technologies from a "hold" rating to a "sell" rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $49.00.

Voyager Technologies Trading Up 3.1%

Voyager Technologies (NYSE:VOYG - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.60) EPS for the quarter, missing analysts' consensus estimates of ($0.27) by ($0.33). The company had revenue of $45.67 million for the quarter, compared to the consensus estimate of $35.44 million. During the same quarter in the previous year, the business earned ($1.29) earnings per share. The company's revenue for the quarter was up 24.5% compared to the same quarter last year.

Institutional Investors Weigh In On Voyager Technologies

Large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc bought a new position in Voyager Technologies during the second quarter worth about $40,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Voyager Technologies in the second quarter valued at approximately $28,000. Norges Bank purchased a new stake in shares of Voyager Technologies during the 2nd quarter valued at approximately $13,738,000. XTX Topco Ltd bought a new position in Voyager Technologies in the 2nd quarter worth approximately $395,000. Finally, Greenland Capital Management LP purchased a new position in Voyager Technologies in the 2nd quarter valued at approximately $948,000.

About Voyager Technologies

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.