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

Intuitive Machines (NASDAQ:LUNR - Get Free Report) is expected to be announcing its Q4 2024 earnings results before the market opens on Tuesday, March 25th. Analysts expect the company to announce earnings of ($0.08) per share and revenue of $72.58 million for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Intuitive Machines Trading Down 0.2 %

LUNR stock traded down $0.02 during mid-day trading on Tuesday, reaching $9.20. 16,790,003 shares of the stock traded hands, compared to its average volume of 11,702,838. Intuitive Machines has a 52-week low of $3.15 and a 52-week high of $24.95. The stock's fifty day moving average is $16.06 and its 200-day moving average is $12.93. The company has a market cap of $1.29 billion, a P/E ratio of -3.13 and a beta of 1.01.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LUNR shares. Benchmark restated a "buy" rating and issued a $16.00 price target on shares of Intuitive Machines in a research report on Tuesday. Cantor Fitzgerald decreased their target price on Intuitive Machines from $15.00 to $13.00 and set an "overweight" rating for the company in a research report on Tuesday. Roth Capital set a $20.00 price target on Intuitive Machines in a research report on Friday, March 7th. Canaccord Genuity Group decreased their price objective on Intuitive Machines from $22.00 to $21.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Roth Mkm lowered their target price on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, March 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $16.00.

Remove Ads

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines 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 transaction, the insider now owns 98,656 shares in the company, valued at $2,219,760. This trade represents a 8.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction that occurred 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 directly owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. This represents a 9.76 % decrease in their position. 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 over the last three months. Corporate 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.