Is MAXR Stock Heading Towards $80? [Fundamentals & Technicl Analysis]

By Arpi Sinha 

Dec 19, 2022

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MAXAR Stock News

Recently Advent International has agreed to buy Maxar Technologies. 

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The deal values MAXR shares at $53 per share in a transaction totaling $6.4 billion including debt.

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The news of the Advent-Maxar deal sent MAXR stock up more than 124% to close at $51.93.

MAXR Stock Price Today

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Werner Dettwiler founded Maxar Technologies Inc., a space technology company headquartered in Westminster, Colorado, United States.

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The company provides Earth Intelligence and Space Infrastructure solutions internationally.

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The company is managing the fund efficiently with ROA and ROE in TTM being 2.09% and 2.15% respectively.

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MAXR's financial position is improving almost year on year. The company has a P/E ratio of 65.90 and a market cap of $3.87B.

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MAXR Earnings

MAXR Earnings missed all forecasts in EPS and revenue for the last three quarters.

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MAXR Stock Price

MAXR stock has recovered from the last 22 months' fall in a jiffy thanks to the Advent deal.

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Stock Chart

MAXR stock is now in an uptrend on the monthly chart. If the December closing is above 50.50, further upside in the stock can be expected.

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The stock is already in an uptrend on the weekly chart. The stock can take good support near 44 and 38 levels.

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After such a big jump, in the short term, there can be technical profit booking in the stock up to 44 or 38 if it breaks 50.68.

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Is MAXR Stock Heading Towards $80?

Looking at the charts of all the three time frames, it seems that the stock may target 71 and then 84 in the near future. 

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Maxar (NYSE: MAXR) Stock Forecast 2023

Above $52.57, stock could go to 54, 56, 60, 66 and 78. Below $50, stock could go to 49, 47, 44, 40 and 34.

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Thanks for Watching

This information is for educational purposes only. For in-depth analysis on stock market & cryptocurrency, search on Google - 

SubhMantra

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