Voyager Technologies (NYSE:VOYG) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Voyager from a "strong sell" to a "sell," but overall analyst coverage is mixed with a consensus of "Moderate Buy" and an average price target of $41 (1 Strong Buy, 8 Buy, 2 Hold, 2 Sell).
• Voyager's latest quarter showed a ($0.37) EPS (missed by $0.01) and revenue of $46.65M, up 23.7% year-over-year, while the company reported a large negative net margin (~62.98%) and negative return on equity.
• The stock trades near $29.73 with a market cap of $1.59B, a negative P/E, a 52-week range of $17.41–$73.95, and strong short-term liquidity (current and quick ratios ~4.3).

Voyager Technologies (NYSE:VOYG - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a note issued to investors on Saturday.

Other equities analysts have also recently issued reports about the company. Zacks Research cut Voyager Technologies from a "hold" rating to a "strong sell" rating in a research report on Monday, March 9th. Citigroup initiated coverage on Voyager Technologies in a research report on Monday, March 30th. They issued a "buy" rating and a $36.00 price objective on the stock. TD Cowen initiated coverage on Voyager Technologies in a research report on Wednesday, April 1st. They issued a "buy" rating and a $35.00 price objective on the stock. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Voyager Technologies in a research report on Wednesday, January 21st. Finally, Wedbush reaffirmed an "outperform" rating and issued a $46.00 price objective on shares of Voyager Technologies in a research report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $41.00.

Voyager Technologies Stock Performance

Shares of VOYG opened at $29.73 on Friday. The company has a quick ratio of 4.34, a current ratio of 4.37 and a debt-to-equity ratio of 1.04. The business's 50 day moving average price is $26.97 and its 200-day moving average price is $27.95. Voyager Technologies has a 52 week low of $17.41 and a 52 week high of $73.95. The stock has a market cap of $1.59 billion and a P/E ratio of -6.87.

Voyager Technologies (NYSE:VOYG - Get Free Report) last issued its quarterly earnings results on Monday, March 9th. The company reported ($0.37) EPS for the quarter, missing analysts' consensus estimates of ($0.36) by ($0.01). Voyager Technologies had a negative return on equity of 23.35% and a negative net margin of 62.98%.The company had revenue of $46.65 million during the quarter. The company's revenue was up 23.7% compared to the same quarter last year.

Institutional Investors Weigh In On Voyager Technologies

A number of hedge funds have recently added to or reduced their stakes in VOYG. Federation des caisses Desjardins du Quebec purchased a new stake in Voyager Technologies during the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in Voyager Technologies during the 4th quarter valued at $28,000. Sunbelt Securities Inc. purchased a new stake in Voyager Technologies during the 4th quarter valued at $33,000. Ameritas Investment Partners Inc. purchased a new stake in Voyager Technologies during the 3rd quarter valued at $34,000. Finally, Russell Investments Group Ltd. purchased a new stake in Voyager Technologies during the 3rd quarter valued at $35,000.

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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