Intuitive Machines (LUNR) Projected to Post Quarterly Earnings on Monday

Intuitive Machines (NASDAQ:LUNR) is expected to announce its earnings results before the market opens on Monday, March 24th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter.

Intuitive Machines Stock Performance

Intuitive Machines stock opened at $7.31 on Monday. The company has a 50 day moving average price of $17.43 and a 200 day moving average price of $12.82. Intuitive Machines has a 52 week low of $3.15 and a 52 week high of $24.95. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -2.49 and a beta of 1.01.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LUNR shares. Roth Mkm decreased their price objective on shares of Intuitive Machines from $20.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 11th. Roth Capital set a $20.00 target price on shares of Intuitive Machines in a research report on Friday, March 7th. Canaccord Genuity Group cut their target price on shares of Intuitive Machines from $26.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Bank of America started coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They set a “hold” rating and a $18.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.38.

Insider Activity at Intuitive Machines

In related news, insider Steven Vontur sold 9,266 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $22.50, for a total value of $208,485.00. Following the transaction, the insider now directly owns 98,656 shares in the company, valued at approximately $2,219,760. This trade represents a 8.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the completion of the transaction, the director now owns 3,494,768 shares in the company, valued at $64,128,992.80. The trade was a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 393,659 shares of company stock worth $7,262,364. 73.68% of the stock is owned by insiders.

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.