Voyager Technologies (NYSE:VOYG) Trading Down 8.2% - Time to Sell?

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 stock price was down 8.2% during trading on Tuesday . The stock traded as low as $30.30 and last traded at $30.45. Approximately 348,124 shares traded hands during trading, a decline of 77% from the average daily volume of 1,499,764 shares. The stock had previously closed at $33.18.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Bank of America began coverage on shares of Voyager Technologies in a research note on Monday, July 7th. They set a "buy" rating and a $50.00 price objective for the company. Morgan Stanley initiated coverage on shares of Voyager Technologies in a research note on Monday, July 7th. They issued an "equal weight" rating and a $46.00 target price for the company. Wall Street Zen cut shares of Voyager Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Barclays initiated coverage on shares of Voyager Technologies in a research note on Monday, July 7th. They issued an "equal weight" rating and a $45.00 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 for the company. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Voyager Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $49.00.

Voyager Technologies Stock Performance

The company's 50 day simple moving average is $38.56.

Voyager Technologies (NYSE:VOYG - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $35.44 million. The firm's revenue for the quarter was up 24.5% on a year-over-year basis. During the same period in the previous year, the company earned ($1.29) earnings per share. Voyager Technologies has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On Voyager Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of VOYG. Dakota Wealth Management acquired a new stake in shares of Voyager Technologies in the 2nd quarter valued at about $2,426,000. Highline Wealth Partners LLC acquired a new stake in shares of Voyager Technologies in the 2nd quarter valued at about $26,000. PFG Investments LLC acquired a new stake in shares of Voyager Technologies in the 2nd quarter valued at about $212,000. Liberty Street Advisors Inc. acquired a new stake in shares of Voyager Technologies in the 2nd quarter valued at about $21,384,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Voyager Technologies in the 2nd quarter valued at about $274,000.

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.