Intuitive Machines (LUNR) to Release Earnings on Monday

Intuitive Machines (NASDAQ:LUNR) is expected to issue its quarterly 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 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 company has a fifty day moving average price of $16.22 and a 200 day moving average price of $12.85. Intuitive Machines has a 1-year low of $3.15 and a 1-year high of $24.95. The firm has a market cap of $995.06 million, a PE ratio of -2.41 and a beta of 1.01.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, insider Steven Vontur sold 9,266 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $22.50, for a total transaction of $208,485.00. Following the sale, the insider now owns 98,656 shares of the company’s stock, valued at $2,219,760. This represents a 8.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the stock in a transaction on 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 sale, the director now directly owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. This trade represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 392,713 shares of company stock valued at $7,250,066. Insiders own 73.68% of the company’s stock.

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.