Intuitive Machines (LUNR) to Release Earnings on Monday

Intuitive Machines (NASDAQ:LUNR) will likely be releasing its earnings data before the market opens on Monday, March 24th. Analysts expect Intuitive Machines to post earnings of ($0.08) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Intuitive Machines Trading Down 0.3 %

Shares of NASDAQ:LUNR opened at $7.09 on Friday. The stock’s fifty day simple moving average is $16.22 and its two-hundred day simple moving average is $12.80. Intuitive Machines has a 1-year low of $3.15 and a 1-year high of $24.95. The stock has a market cap of $995.06 million, a PE ratio of -2.41 and a beta of 1.01.

Insider Buying and Selling

In related news, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $18.35, for a total value of $6,935,804.55. Following the completion of the sale, the director now owns 3,494,768 shares of the company’s stock, valued at approximately $64,128,992.80. This trade represents a 9.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven Vontur sold 4,528 shares of Intuitive Machines stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the completion of the sale, the insider now directly owns 104,272 shares of the company’s stock, valued at approximately $2,043,731.20. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 392,713 shares of company stock valued at $7,250,066. 73.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LUNR. Roth Capital set a $20.00 price objective on Intuitive Machines in a research note on Friday, March 7th. Canaccord Genuity Group dropped their price objective on Intuitive Machines from $26.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Bank of America assumed coverage on Intuitive Machines in a research note on Wednesday, February 5th. They set an “underperform” rating and a $16.00 price objective on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Intuitive Machines in a research report on Tuesday, February 25th. They set a “hold” rating and a $18.00 target price for the company. Finally, Roth Mkm decreased their target price on Intuitive Machines from $20.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.38.

Intuitive Machines Company Profile

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.