In the last trading session, 1.73 million shares of the Maxar Technologies Inc. (NYSE:MAXR) were traded, and its beta was 1.34. Most recently the company’s share price was $31.94, and it changed around $1.16 or 3.77% from the last close, which brings the market valuation of the company to $2.27B. MAXR currently trades at a discount to its 52-week high of $58.75, offering almost -83.94% off that amount. The share price’s 52-week low was $15.69, which indicates that the current value has risen by an impressive 50.88% since then. We note from Maxar Technologies Inc.’s average daily trading volume that its 3-month average coming to 1.29 million.
Maxar Technologies Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 12 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 6 recommended MAXR as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Maxar Technologies Inc. is expected to report earnings per share of $1.06 for the current quarter.
Maxar Technologies Inc. (NYSE:MAXR) trade information
Instantly MAXR has showed a green trend with a performance of 3.77% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 36.38 on Tuesday, 07/20/21 increased the stock’s daily price by 12.2%. The company’s shares are currently down -17.23% year-to-date, but still down -10.15% over the last five days. On the other hand, Maxar Technologies Inc. (NYSE:MAXR) is -17.87% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $48.04, which translates to bulls needing to increase their stock price by 33.51% from its current value. Analyst projections state that MAXR is forecast to be at a low of $39.00 and a high of $59.00. In order for the stock price to hit the forecast high, the stock would need to plunge -84.72% from its current level, while the stock would need to crash -22.1% from its current level to reach the projected low.
Maxar Technologies Inc. (MAXR) estimates and forecasts
Maxar Technologies Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -41.62 percent over the past six months and at a 78.24% annual growth rate that is well above the industry average of 13.30%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain 6.00% in revenue this quarter, and will report an increase of 10.10% in the next quarter. The year-over-year growth rate is expected to be 37.30%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of $560.3 million in revenue for the current quarter. 5 analysts expect Maxar Technologies Inc. to make $550.57 million in revenue for the quarter ending Dec 2018. The company’s sales for the same quarters a year ago were $337.89 million and $545.1 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 65.80%. Forecasts for the next quarter put sales growth at 1.00%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -17.00%. Maxar Technologies Inc. earnings are expected to increase by -155.00% in 2021, but the outlook is positive 5.18% per year for the next five years.
Maxar Technologies Inc.’s next quarterly earnings report is expected to be released around August 03 and August 09. The annual dividend yield of the stock is 0.13 percent and its annual dividend per share was 0.04. It is important to note, however, that the 0.13% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Maxar Technologies Inc. (NYSE:MAXR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.54% of Maxar Technologies Inc. shares, and 74.38% of them are in the hands of institutional investors. The stock currently has a share float of 75.55%. Maxar Technologies Inc. stock is held by 321 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2021, it held 8.62% of the shares, which is about 6.2 million shares worth $234.32 million.
Blackrock Inc., with 8.33% or 5.98 million shares worth $226.29 million as of Mar 30, 2021, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Mar 30, 2021. The former held 1.93 million shares worth $72.89 million, making up 2.68% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 1.69 million shares worth around $65.63 million, which represents about 2.35% of the total shares outstanding.