Intuitive Machines (LUNR) Scheduled to Post Earnings on Thursday

Intuitive Machines (NASDAQ:LUNR) is scheduled to issue its quarterly earnings data before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Intuitive Machines (NASDAQ:LUNR) last announced its earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The firm had revenue of $41.41 million during the quarter, compared to the consensus estimate of $43.00 million. On average, analysts expect Intuitive Machines to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Intuitive Machines Price Performance

LUNR stock opened at $8.26 on Thursday. The firm has a 50-day simple moving average of $7.23 and a two-hundred day simple moving average of $5.45. Intuitive Machines has a one year low of $2.09 and a one year high of $13.25.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LUNR. Benchmark reissued a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, September 18th. B. Riley increased their price objective on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research report on Monday, September 30th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, September 18th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Intuitive Machines presently has a consensus rating of “Buy” and an average target price of $10.60.

Insiders Place Their Bets

In other news, Director Kamal Seyed Ghaffarian sold 177,734 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $7.93, for a total transaction of $1,409,430.62. Following the sale, the director now directly owns 3,494,768 shares of the company’s stock, valued at $27,713,510.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Kamal Seyed Ghaffarian sold 177,734 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $7.93, for a total value of $1,409,430.62. Following the completion of the transaction, the director now directly owns 3,494,768 shares in the company, valued at $27,713,510.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Timothy Price Crain II sold 125,577 shares of Intuitive Machines stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $4.02, for a total value of $504,819.54. Following the sale, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at $1,458,496.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,214,900 shares of company stock valued at $31,526,135. Insiders own 73.68% of the company’s stock.

About Intuitive Machines

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.