Is Maxar Technologies (MAXR) Headed for a Breakdown?

October 29, 2021

Maxar Technologies Inc. (MAXR) is an integrated space and geospatial intelligence company with a full range of space technology solutions for commercial and government customers including satellites, Earth imagery, geospatial data and analytics…

Its WorldView Legion program and new offerings in the Earth Intelligence segment, such as 3D technology are supporting growth. Plus, Maxar Technologies Inc. (MAXR) should leverage its satellite imagery capabilities and satellites to provide imagery data for Internet of Things (IoT) devices.

Its balance sheet is underwhelming with only $10 million in cash, compared with $13 million in short-term debt. From a growth standpoint, its EBITDA has grown an average of 53.5% per year over the past three years, but fell 27.1% over the past year.

The stock also looks overvalued with a trailing P/E of 42.72 and a forward P/E of 39.84. MAXR has mainly shown bearish momentum since late June. This is evident in the chart below.

Take a look at the 1-year chart of MAXR below with added notations…

See chart and continue reading at STOCKNEWS.com

About The Author

Christian Tharp, CMT

I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group. My Chartered Market Technician (CMT) designation substantiates me as an expert in areas such as the technical analysis of stock trends, market indicators, cycles, price patterns, Elliot Wave principles, Candlestick charting, analyzing financial trends and behaviors, portfolio strategies, and forecasting future price movements. With my straightforward approach to simple, systematic trading, students learn how to strategically assess buy signals and market entry timing, establishment and management of stop losses, and how to employ a simple and disciplined trading approach that creates profits.

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