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

Intuitive Machines (NASDAQ:LUNR - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Monday, March 24th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Intuitive Machines Trading Down 1.8 %

Shares of LUNR traded down $0.13 during trading hours on Thursday, reaching $7.13. 5,290,508 shares of the stock traded hands, compared to its average volume of 11,592,405. Intuitive Machines has a 52-week low of $3.15 and a 52-week high of $24.95. The company's 50-day moving average price is $16.67 and its two-hundred day moving average price is $12.82. The company has a market cap of $1.00 billion, a P/E ratio of -2.41 and a beta of 1.01.

Insider Transactions at Intuitive Machines

In related news, insider Steven Vontur sold 4,528 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total transaction of $88,748.80. Following the transaction, the insider now directly owns 104,272 shares in the company, valued at approximately $2,043,731.20. This represents a 4.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business's stock in a transaction dated 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 sale, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 392,713 shares of company stock worth $7,250,066 in the last three months. Insiders own 73.68% of the company's stock.

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Wall Street Analysts Forecast Growth

LUNR has been the topic of a number of analyst reports. Canaccord Genuity Group lowered their target price on shares of Intuitive Machines from $26.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Roth Capital set a $20.00 target price on shares of Intuitive Machines in a research note on Friday, March 7th. Roth Mkm reduced their price target on shares of Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They issued a "hold" rating and a $18.00 price target on the stock. Finally, Bank of America initiated coverage on shares of Intuitive Machines in a report on Wednesday, February 5th. They issued an "underperform" rating and a $16.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $16.38.

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.