Voyager Technologies (NYSE:VOYG) Reaches New 12-Month 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) hit a new 52-week low during mid-day trading 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 Analysts Forecast Growth

A number of equities analysts recently issued reports on VOYG shares. KeyCorp started coverage on Voyager Technologies in a report on Monday, July 7th. They issued an "overweight" rating and a $50.00 target price on the stock. Bank of America started coverage on Voyager Technologies in a report on Monday, July 7th. They issued a "buy" rating and a $50.00 target price on the stock. Jefferies Financial Group started coverage on Voyager Technologies in a report on Monday, July 7th. They issued a "buy" rating and a $50.00 target price on the stock. JPMorgan Chase & Co. began coverage on Voyager Technologies in a report on Monday, July 7th. They issued an "overweight" rating and a $52.00 target price on the stock. Finally, Barclays began coverage on Voyager Technologies in a report on Monday, July 7th. They set an "equal weight" rating and a $45.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Voyager Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.00.

Voyager Technologies Stock Performance

Voyager Technologies (NYSE:VOYG - Get Free Report) last issued its 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 business had revenue of $45.67 million during the quarter, compared to analysts' expectations of $35.44 million. During the same quarter in the prior year, the business earned ($1.29) EPS. Voyager Technologies's quarterly revenue was up 24.5% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Greenland Capital Management LP purchased a new position in Voyager Technologies in the second quarter valued at about $948,000. Senvest Management LLC purchased a new position in Voyager Technologies in the second quarter valued at about $110,514,000. Dorsey & Whitney Trust CO LLC purchased a new position in Voyager Technologies in the second quarter valued at about $41,607,000. SBI Securities Co. Ltd. purchased a new position in Voyager Technologies in the second quarter valued at about $274,000. Finally, Liberty Street Advisors Inc. purchased a new position in Voyager Technologies in the second quarter valued at about $21,384,000.

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.