An interesting stock that came up in some of our conversations today is Maxar Technologies Inc. (NYSE:MAXR). At current price of $11.96, the shares have already added 0.77 points (6.88% higher) from its previous close of $11.19. Should you buy or avoid them? The stock sets an active trading volume day with a reported 1071268 contracts so far this session. MAXR shares had a relatively better volume day versus average trading capacity of 1.85 million shares, but with a 58.78 million float and a 31.8% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for MAXR stock indicates that the average analyst price target is $60.52 per share. This means the stock has a potential increase of 406.02% from where the MAXR share price has been trading recently which is between $10.86 and $11.44. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $5.3. Flipping the other side of the coin, an analyst who is fully bullish set a price target as high as $20.
During the recent trading session for Maxar Technologies Inc. (NYSE:MAXR), the company witnessed their stock rise $2.73 over a week and surge $4.54 from the price 20 days ago. When compared to their established 52-week high of $19.46, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 11/15/18. The recent low of $3.83 stood for a -38.54% since 03/29/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.62 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to. At the moment, the median target price for MAXR is set at $11, a figure which is below the recent 1-year high the stock witnessed.
Looking at the current readings for Maxar Technologies Inc., the two-week RSI stands at 76.61. This figure suggests that MAXR stock, for now, is oversold, meaning that the shares are not stable in terms of price movement. The stochastic readings, on the other hand, based on the current MAXR readings is similarly very revealing as it has a stochastic reading of 94.48% at this stage. This figure means that MAXR share price today is being oversold.
Technical chart claims that Maxar Technologies Inc. (MAXR) would settle between $11.47/share to $11.74/share level. However, if the stock price goes below the $10.89 mark, then the market for Maxar Technologies Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $10.58 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 1.61. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at TD Securities raised their recommendation on shares of MAXR from Hold to Speculative Buy in their opinion released on November 06. JP Morgan, analysts launched coverage of Maxar Technologies Inc. (NYSE:MAXR) stock with a Overweight recommendation, according to their flash note issued to investors on September 10. Analysts at TD Securities lowered the stock to a Hold call from its previous Speculative Buy recommendation, in a research note that dated back to March 01.
MAXR equity has an average rating of 2.33, with the figure leaning towards a bullish end. 3 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 3 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 2 analysts rated Maxar Technologies Inc. (NYSE:MAXR) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, MAXR stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/E ratio is 0 while for the average stock in the same group, the multiple is 35.7. Maxar Technologies Inc. current P/B ratio of 1 means it is trading at a discount against its industry’s 3.5.
Maxar Technologies Inc. (MAXR)’s current-quarter revenues are projected to climb by nearly 65.8% to hit $560300, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 37.3% from $1.63 billion to a noteworthy $2.24 billion. At the other end of the current quarter income statement, Maxar Technologies Inc. is expected to see its adjusted earnings surge by roughly 6% to hit $1.06 per share. For the fiscal year, MAXR’s earnings are projected to climb by roughly 15.4% to hit $4.8 per share.