Voyager Technologies (NYSE:VOYG) Trading Up 0.6% - Here's Why

Key Points

• Voyager Technologies' stock saw a 0.6% increase during trading, closing at $28.81 with a notable rise in trading volume.
• Analysts have mixed ratings, with some giving a buy rating and target prices between $50.00 and $52.00, while others have downgraded the stock to a sell rating.
• In its latest earnings report, Voyager reported a loss of ($0.60) EPS, missing estimates, but showed a year-over-year revenue increase of 24.5% to $45.67 million.

Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report) shares shot up 0.6% on Wednesday . The company traded as high as $29.25 and last traded at $28.81. 714,263 shares changed hands during mid-day trading, an increase of 14% from the average session volume of 628,276 shares. The stock had previously closed at $28.64.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VOYG. Wolfe Research began coverage on shares of Voyager Technologies in a report on Monday, July 7th. They issued an "outperform" rating and a $50.00 price target on the stock. Bank of America decreased their price target on shares of Voyager Technologies from $50.00 to $41.00 and set a "buy" rating on the stock in a report on Monday, August 25th. KeyCorp started coverage on shares of Voyager Technologies in a research report on Monday, July 7th. They set an "overweight" rating and a $50.00 target price for the company. Jefferies Financial Group began coverage on shares of Voyager Technologies in a report on Monday, July 7th. They issued a "buy" rating and a $50.00 price target on the stock. Finally, Morgan Stanley started coverage on shares of Voyager Technologies in a research report on Monday, July 7th. They issued an "equal weight" rating and a $46.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $47.71.

Voyager Technologies Stock Performance

The business has a 50 day simple moving average of $34.31.

Voyager Technologies (NYSE:VOYG - Get Free Report) last released its quarterly earnings results 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 company had revenue of $45.67 million for the quarter, compared to analysts' expectations of $35.44 million. During the same quarter last year, the business earned ($1.29) earnings per share. Voyager Technologies's revenue for the quarter was up 24.5% compared to the same quarter last year. 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 modified their holdings of the stock. Highline Wealth Partners LLC acquired a new position in shares of Voyager Technologies in the 2nd quarter worth approximately $26,000. Steward Partners Investment Advisory LLC acquired a new position in Voyager Technologies in the second quarter worth $28,000. Legal & General Group Plc acquired a new position in Voyager Technologies in the second quarter worth $40,000. Osaic Holdings Inc. bought a new stake in Voyager Technologies during the second quarter valued at $40,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Voyager Technologies during the second quarter worth $105,000.

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.