Voyager Technologies (NYSE:VOYG) Trading Up 9.5% - Here's Why

Key Points

• Voyager Technologies stock rose 9.5% Monday to $27.95 (intraday high $28.30) on light trading—about 569,128 shares changed hands, roughly 64% below average volume.
• Analyst coverage is mixed—six Buys, two Holds and two Sells—leaving an average rating of Hold and an average price target of $44.88, with notable targets from Wedbush ($46) and JPMorgan ($43).
• The company remains unprofitable despite revenue growth: market cap ~$1.5 billion, negative P/E (-6.50), last-quarter EPS of -$0.37 (missed by $0.01) while revenue rose 23.7% YoY to $46.65 million, and several hedge funds have recently built or increased large positions.

Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report)'s stock price rose 9.5% on Monday . The stock traded as high as $28.30 and last traded at $27.95. Approximately 569,128 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 1,580,578 shares. The stock had previously closed at $25.52.

Analyst Upgrades and Downgrades

VOYG has been the subject of several research analyst reports. Weiss Ratings reissued a "sell (d)" rating on shares of Voyager Technologies in a research note on Wednesday, January 21st. Zacks Research lowered shares of Voyager Technologies from a "hold" rating to a "strong sell" rating in a report on Monday, March 9th. Wedbush reiterated an "outperform" rating and set a $46.00 price objective on shares of Voyager Technologies in a research report on Friday, March 13th. Morgan Stanley set a $39.00 price objective on shares of Voyager Technologies in a research note on Friday, January 16th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Voyager Technologies in a research report on Monday, November 24th. They issued an "overweight" rating and a $43.00 target price on the stock. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Voyager Technologies currently has an average rating of "Hold" and an average price target of $44.88.

Voyager Technologies Price Performance

The stock has a market cap of $1.50 billion and a P/E ratio of -6.50. The company's 50 day moving average price is $29.25 and its 200-day moving average price is $28.29. The company has a quick ratio of 4.34, a current ratio of 4.37 and a debt-to-equity ratio of 1.04.

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

Hedge Funds Weigh In On Voyager Technologies

Hedge funds have recently made changes to their positions in the stock. Alyeska Investment Group L.P. bought a new stake in Voyager Technologies in the third quarter valued at approximately $54,119,000. Wellington Management Group LLP raised its holdings in Voyager Technologies by 653.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,631,613 shares of the company's stock worth $48,589,000 after purchasing an additional 1,415,192 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Voyager Technologies in the 2nd quarter worth approximately $38,997,000. Senvest Management LLC boosted its stake in shares of Voyager Technologies by 29.3% in the 4th quarter. Senvest Management LLC now owns 3,905,721 shares of the company's stock valued at $102,096,000 after purchasing an additional 884,962 shares during the last quarter. Finally, Alliancebernstein L.P. acquired a new stake in shares of Voyager Technologies during the second quarter worth $24,720,000.

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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