Voyager Technologies (NYSE:VOYG) Shares Up 13.5% - Here's What Happened

Key Points

• Shares jumped 13.5% on Friday to about $29.08 (intraday high $28.50) on lighter-than-average volume of ~876,454 shares, up from a $25.62 close.
• Analysts are mixed but bullish overall, with an average rating of "Moderate Buy" and an average price target of $40.64 (individual targets range roughly $21 to $46).
• Voyager beat quarterly EPS estimates (reported a loss of $0.61 vs. consensus -$0.75) on $35.25M revenue, but remains unprofitable with negative ROE and net margins.

Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report) shares shot up 13.5% on Friday . The company traded as high as $28.50 and last traded at $29.0810. 876,454 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 1,570,223 shares. The stock had previously closed at $25.62.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VOYG. Morgan Stanley set a $39.00 target price on Voyager Technologies in a report on Friday, January 16th. JPMorgan Chase & Co. dropped their target price on Voyager Technologies from $43.00 to $39.00 and set an "overweight" rating on the stock in a report on Monday, April 13th. TD Cowen began coverage on Voyager Technologies in a report on Monday, April 20th. They issued a "buy" rating on the stock. Wells Fargo & Company began coverage on Voyager Technologies in a report on Wednesday, April 1st. They issued an "underweight" rating and a $21.00 target price on the stock. Finally, Wedbush reiterated an "outperform" rating and issued a $46.00 target price on shares of Voyager Technologies in a report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $40.64.

Voyager Technologies Stock Up 12.5%

The business has a fifty day moving average of $27.55 and a 200 day moving average of $27.47. The stock has a market cap of $1.54 billion and a price-to-earnings ratio of -10.41. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.57 and a quick ratio of 4.34.

Voyager Technologies (NYSE:VOYG - Get Free Report) last released its quarterly earnings data on Monday, May 4th. The company reported ($0.61) EPS for the quarter, topping analysts' consensus estimates of ($0.75) by $0.14. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.The firm had revenue of $35.25 million for the quarter. The business's quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts predict that Voyager Technologies, Inc. will post -2.79 earnings per share for the current year.

Hedge Funds Weigh In On Voyager Technologies

A number of hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc bought a new stake in Voyager Technologies during the second quarter worth approximately $40,000. Federation des caisses Desjardins du Quebec bought a new stake in Voyager Technologies during the fourth quarter worth approximately $26,000. Osaic Holdings Inc. bought a new stake in Voyager Technologies during the second quarter worth approximately $40,000. Caitong International Asset Management Co. Ltd bought a new stake in Voyager Technologies during the fourth quarter worth approximately $28,000. Finally, Ameritas Investment Partners Inc. bought a new stake in Voyager Technologies during the third quarter worth approximately $34,000.

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. 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.

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