MDA Space (TSE:MDA) Stock Price Down 4% - What's Next?

Key Points

• Shares fell about 4% to C$43.60 on Thursday on light volume (202,727 shares, down 79% vs. average) after closing at C$45.44 the prior session, while remaining above its 50‑day (C$36.30) and 200‑day (C$32.68) moving averages.
• Analysts are mostly positive—the consensus rating is Buy with an average target of C$47.43 and several firms (Stifel, Canaccord, BMO) recently raising price targets.
• Key fundamentals: market cap C$5.27B, P/E ~49.6, last quarter EPS C$0.45 on C$499.1M revenue; insiders own 12.6% of the stock and a director sold 75,700 shares in December, a ~19.4% reduction in his stake.

Shares of MDA Space Ltd. (TSE:MDA - Get Free Report) traded down 4% on Thursday . The company traded as low as C$43.31 and last traded at C$43.60. 202,727 shares were traded during trading, a decline of 79% from the average session volume of 986,145 shares. The stock had previously closed at C$45.44.

Analyst Ratings Changes

A number of brokerages recently issued reports on MDA. Stifel Nicolaus lifted their price target on shares of MDA Space from C$48.00 to C$57.00 in a research note on Thursday, March 5th. Canaccord Genuity Group increased their price objective on shares of MDA Space from C$37.00 to C$51.00 and gave the company a "buy" rating in a research report on Thursday, January 29th. Scotiabank raised their price objective on shares of MDA Space from C$38.00 to C$42.00 and gave the company an "outperform" rating in a report on Wednesday, January 21st. Royal Bank Of Canada decreased their price objective on shares of MDA Space from C$45.00 to C$38.00 in a research report on Monday, November 17th. Finally, BMO Capital Markets boosted their target price on shares of MDA Space from C$45.00 to C$50.00 in a research note on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company's stock. Based on data from MarketBeat.com, MDA Space has an average rating of "Buy" and an average target price of C$47.43.

MDA Space Stock Performance

The company has a current ratio of 0.47, a quick ratio of 1.00 and a debt-to-equity ratio of 30.34. The firm's fifty day moving average price is C$36.30 and its 200-day moving average price is C$32.68. The firm has a market cap of C$5.27 billion, a price-to-earnings ratio of 49.62 and a beta of -1.20.

MDA Space (TSE:MDA - Get Free Report) last announced its quarterly earnings results on Wednesday, March 4th. The company reported C$0.45 earnings per share for the quarter. MDA Space had a net margin of 6.64% and a return on equity of 8.38%. The firm had revenue of C$499.10 million during the quarter. Analysts expect that MDA Space Ltd. will post 0.9605084 earnings per share for the current year.

Insider Activity

In related news, Director John Carter Risley sold 75,700 shares of the company's stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of C$27.17, for a total value of C$2,056,769.00. Following the completion of the sale, the director directly owned 313,710 shares of the company's stock, valued at C$8,523,500.70. This represents a 19.44% decrease in their position. 12.60% of the stock is currently owned by company insiders.

MDA Space Company Profile

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators. AURORA technology enables constellations to extend communication networks to every corner of the globe with digital automation, and robotics.

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