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Friday, October 30, 2020

The Rejuvenation of Maxar Technologies Inc. (NYSE:MAXR)

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Maxar Technologies Inc. (MAXR) shares are trading at higher $27.53 and the avg recommendation for the stock is Moderate Buy.

To add more color to this target, the company’s high over the last year is $28.12 and the low is $6.80. Over the last 52 weeks, MAXR is up 202.20% while the S&P 500 is up 11.54%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, MAXR reported a profit of $208.0 million. Maxar Technologies Inc. also saw revenues increase to $439.0 million. In addition, MAXR has free cash flow of -$92.0 million as of 06-2020. The company’s EBITDA came in at $133.0 million which compares well with its peers.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. MAXR has a short ratio of 5.05 and outstanding shares of 60.60M.

Company Outlook

MAXR has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -1.09. Maxar Technologies Inc. MAXR also noted assets of $4.43 billion at the end of the last quarter. Investors should also keep an eye on sector updates as MAXR has historically followed its peers on positive news.

All told, Maxar Technologies Inc. MAXR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MAXR represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Maxar Technologies Inc. MAXR is now commanding a market cap of 1.69B and a float of 59.89M. MAXR is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of MAXR stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in MAXR, either long or short, and we have not been compensated for this article.

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