Voyager Technologies (NYSE:VOYG) Trading Down 8.2% - What's Next?

Key Points

• Voyager Technologies' stock price dropped 8.2%, trading as low as $30.30 during mid-day trading, with a significant decline in trading volume.
• The company reported (0.60) EPS, missing estimates by (0.33), but achieved $45.67 million in revenue, exceeding expectations.
• Recent analyst reports have resulted in a consensus rating of "Moderate Buy" with a price target averaging $49.00, indicating optimistic future performance despite the recent decline.

Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report)'s share price was down 8.2% during mid-day trading on Tuesday . The company traded as low as $30.30 and last traded at $30.45. Approximately 348,124 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 1,499,764 shares. The stock had previously closed at $33.18.

Wall Street Analysts Forecast Growth

VOYG has been the topic of several research analyst reports. Morgan Stanley began coverage on shares of Voyager Technologies in a research note on Monday, July 7th. They set an "equal weight" rating and a $46.00 target price on the stock. Jefferies Financial Group initiated coverage on shares of Voyager Technologies in a report on Monday, July 7th. They set a "buy" rating and a $50.00 price objective for the company. Barclays began coverage on shares of Voyager Technologies in a report on Monday, July 7th. They set an "equal weight" rating and a $45.00 price objective for the company. Bank of America started coverage on shares of Voyager Technologies in a report on Monday, July 7th. They issued a "buy" rating and a $50.00 target price for the company. Finally, KeyCorp initiated coverage on shares of Voyager Technologies in a research note on Monday, July 7th. They issued an "overweight" rating and a $50.00 target price on the stock. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Voyager Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $49.00.

Voyager Technologies Stock Up 2.3%

The stock has a 50-day moving average of $38.74.

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 analysts' consensus estimates 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. During the same quarter last year, the business earned ($1.29) EPS. Voyager Technologies's quarterly revenue was up 24.5% on a year-over-year basis. Voyager Technologies has set its FY 2025 guidance at EPS.

Hedge Funds Weigh In On Voyager Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in VOYG. Highline Wealth Partners LLC purchased a new stake in Voyager Technologies during the second quarter worth approximately $26,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Voyager Technologies in the second quarter valued at approximately $28,000. Legal & General Group Plc purchased a new stake in shares of Voyager Technologies in the second quarter valued at approximately $40,000. Raymond James Financial Inc. purchased a new stake in shares of Voyager Technologies in the second quarter valued at approximately $105,000. Finally, New York State Common Retirement Fund purchased a new stake in Voyager Technologies during the second quarter worth $146,000.

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.