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MDA Space Ltd ( (TSE:MDA) ) has shared an update.
MDA Space Ltd. has been selected to provide enhanced space situational awareness services to the Canadian Department of National Defence, in collaboration with ThothX Group. This partnership highlights the growing importance of Space Domain Awareness (SDA) in protecting Canada’s space assets from increasing orbital congestion. The new service will utilize ThothX’s Earthfence Radar Capability and MDA’s secure data management to track and assess satellites and space objects in geosynchronous orbit. This initiative underscores Canadian leadership in the global SDA market and aims to address the escalating risks to space-based infrastructure from orbital debris and potential collisions.
The most recent analyst rating on (TSE:MDA) stock is a Hold with a C$36.00 price target. To see the full list of analyst forecasts on MDA Space Ltd stock, see the TSE:MDA Stock Forecast page.
Spark’s Take on TSE:MDA Stock
According to Spark, TipRanks’ AI Analyst, TSE:MDA is a Neutral.
MDA Ltd’s overall stock score is driven by strong financial performance and a positive earnings call, indicating robust revenue growth and significant contract wins. However, technical analysis suggests bearish momentum, and the valuation indicates the stock may be overpriced. The absence of a dividend yield further impacts the valuation score.
To see Spark’s full report on TSE:MDA stock, click here.
More about MDA Space Ltd
MDA Space Ltd. is a prominent player in the global space industry, known for its expertise in robotics, satellite systems, and geointelligence. With over 55 years of experience and more than 450 missions, the company is a leader in communications satellites, Earth and space observation, and space exploration. MDA Space operates with a team of over 3,800 experts across Canada, the US, and the UK, focusing on turning ambitious visions into achievable missions.
Average Trading Volume: 792,867
Technical Sentiment Signal: Buy
Current Market Cap: C$4.2B
For detailed information about MDA stock, go to TipRanks’ Stock Analysis page.