Voyager Technologies, Inc. (VOYG) experienced a significant pre-market surge of 6.67% on Tuesday. The movement follows the company's release of its financial results for the first quarter.
The aerospace and defense company reported revenue of $35.25 million for the quarter ended March 31, slightly exceeding analyst expectations of $35.23 million. While the company posted an adjusted loss per share of $0.61, missing the mean estimate of a $0.57 loss, investor focus appears to be on the top-line performance and future outlook.
Wall Street maintains a positive stance on the stock, with the current average analyst rating at "buy" and a median 12-month price target of $39.00, representing a potential upside of approximately 34.4% from its last closing price. The stock had already gained 13.7% during the quarter leading up to the report.