Voyager Technologies (NYSE:VOYG) Trading Down 6.5% - What's Next?

Key Points

• Voyager Technologies' stock fell by 6.5% during trading, closing at $33.31, with trading volume significantly down to 303,006 shares, a decline of 75% from its average daily volume.
• Recent analyst reports gave mixed ratings, with five analysts recommending a Buy rating, while one downgraded the stock to Sell, leading to a consensus rating of "Moderate Buy" and a target price of $47.71.
• In its latest earnings report, Voyager Technologies missed EPS estimates by $0.33 but saw a 24.5% year-over-year revenue increase, reaching $45.67 million.

Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report)'s stock price was down 6.5% during trading on Tuesday . The stock traded as low as $33.39 and last traded at $33.31. Approximately 303,006 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 1,235,463 shares. The stock had previously closed at $35.62.

Analyst Ratings Changes

VOYG has been the subject of several analyst reports. Wolfe Research initiated coverage on Voyager Technologies in a research report on Monday, July 7th. They issued an "outperform" rating and a $50.00 price objective for the company. KeyCorp initiated coverage on Voyager Technologies in a research report on Monday, July 7th. They issued an "overweight" rating and a $50.00 price objective for the company. Jefferies Financial Group initiated coverage on Voyager Technologies in a research report on Monday, July 7th. They issued a "buy" rating and a $50.00 price objective for the company. Wall Street Zen lowered Voyager Technologies from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, Morgan Stanley initiated coverage on Voyager Technologies in a research report on Monday, July 7th. They set an "equal weight" rating and a $46.00 price target for the company. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.71.

Voyager Technologies Stock Down 6.2%

The stock's fifty day simple moving average is $31.51.

Voyager Technologies (NYSE:VOYG - Get Free Report) last released 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 company had revenue of $45.67 million during the quarter, compared to analysts' expectations of $35.44 million. The company's revenue for the quarter was up 24.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.29) EPS. Voyager Technologies has set its FY 2025 guidance at EPS.

Institutional Trading of Voyager Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Highline Wealth Partners LLC acquired a new stake in Voyager Technologies in the second quarter valued at $26,000. Steward Partners Investment Advisory LLC acquired a new stake in Voyager Technologies in the second quarter valued at $28,000. Legal & General Group Plc acquired a new stake in Voyager Technologies in the second quarter valued at $40,000. Osaic Holdings Inc. acquired a new stake in shares of Voyager Technologies during the second quarter worth about $40,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Voyager Technologies during the second quarter worth about $105,000.

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.

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