Maxar Technologies Inc. (MAXR): Keep paying attention to its insider activity

Maxar Technologies Inc. (NYSE:MAXR) saw an upside of 1.16% to close Tuesday at $28.69 after adding $0.33 on the day. The 5-day average trading volume is 716,060 shares of the company’s common stock. It has gained $29.54 in the past week. An average of 688,030 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 832,006.

MAXR’s 1-month performance is -8.16% or -$2.05 on its low of $26.89 reached on 10/06/21. The company’s shares have touched a 52-week low of $21.05 and high of $58.75, with the stock’s rally to the 52-week high happening on 01/20/21. YTD, MAXR has lost -25.65% or -$9.90. However, the current price is down -51.17%% from the 52-week high price.


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Insider Transactions

On Jun 16, 119 days have gone by since the last insider trading activity for Maxar Technologies Inc. (MAXR). Robertson III Jeff (SVP, Operations) most recently sold 17,409 shares at $40.00 per share on Jun 16. This transaction cost the insider $696,360. EVP, Global Field Operations, FRAZIER LEON ANTHONY, sold 15,000 shares at a price of $40.00 on Jun 16. Then, on Jun 16, SVP, General Counsel & Secty Lee James CI sold 15,789 shares at a price of $40.00 per share. This transaction amounted to $631,560.

Valuation Metrics

Maxar Technologies Inc. (MAXR) has a trailing price-to-earnings (P/E) ratio of 23.30 for the broader industry and 36.86 for the sector. The company’s PE ratio for the last five years has touched a high of 140.47 and a low of 3.467. MAXR stock has a beta of 1.32. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.16 while the price-to-book (PB) in the most recent quarter is 1.59.

Maxar Technologies Inc. pays an annual dividend of $0.04 per share. Its dividend yield is 0.14% and the payout ratio is 61.90%. MAXR’s most recent quarterly dividend payment was made on Sep. 30, when it paid $0.01 a share compared with prior rate of $0.01, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend decrease of $0.2730 reported on Monday March 4 2019. Measured over the last 3 years, the Dividend has been growing by -96.51% yearly.

It is projected that Maxar Technologies Inc.’s next ex-dividend date will be on 13-Dec-2021. MAXR is expected to distribute $0.01 as its next dividend.

Maxar Technologies Inc.’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 0.90 meaning that MAXR stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.63, while the total debt to equity was 1.64. In terms of profitability, the gross margin trailing 12 months is 42.30%. The trailing 12-month EBITDA margin is 23.51% while for the period ending June 29; Maxar Technologies Inc.’s operating margin was -0.50%. The firm’s gross profit as reported stood at $730.0 million against revenue of $1.72 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected MAXR to announce $0.11 per share in earnings in its latest quarter, but it posted $0.76, representing a 590.90% surprise. EBITDA for the quarter stood at more than $132.0 million. MAXR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.17 billion, with total debt at $2.38 billion. Shareholders hold equity totaling $72.5 million

Technical Picture

Let’s look briefly at Maxar Technologies Inc. (MAXR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 48.75% to suggest the stock is trending Neutral, with historical volatility in this time period at 24.31%.

The stock’s 5-day moving average is $28.18, reflecting a +3.76% or $1.04 change from its current price. MAXR is currently trading -2.84% above its 20-day SMA, -3.07% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -19.50% and -19.11% respectively.

Stochastic %K and %D was 39.85% and 33.60% and the average true range (ATR) pointed at 1.15. The RSI (14) points at 45.96%, while the 14-day stochastic is at 45.21% with the period’s ATR at 1.21. The stock’s 9-day MACD Oscillator is pointing at 0.24 and -0.18 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Maxar Technologies Inc. (NYSE: MAXR), Barclays launched coverage with an Equal weight rating. Analysts offering their rating for MAXR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate MAXR as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.

What is MAXR’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $35.00 and a high of $52.00, with their median price target at $41.00. Looking at these predictions, the average price target given by analysts is for Maxar Technologies Inc. (MAXR) stock is $42.40.

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