Is Maxar Technologies (MAXR) Headed for a Breakdown?

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…

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