Intuitive Machines (LUNR) Expected to Announce Quarterly Earnings on Monday

Intuitive Machines (NASDAQ:LUNR - Get Free Report) is expected to release its earnings data before the market opens on Monday, March 24th. Analysts expect Intuitive Machines to post earnings of ($0.08) per share and revenue of $72.58 million for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Intuitive Machines Trading Up 30.0 %

Shares of LUNR stock traded up $2.13 during trading hours on Monday, hitting $9.22. 28,753,910 shares of the company's stock were exchanged, compared to its average volume of 11,704,209. The company has a market capitalization of $1.29 billion, a PE ratio of -3.14 and a beta of 1.01. Intuitive Machines has a 12-month low of $3.15 and a 12-month high of $24.95. The business's 50 day simple moving average is $16.06 and its 200-day simple moving average is $12.93.

Insider Buying and Selling at Intuitive Machines

In related news, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.35, for a total value of $6,935,804.55. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven Vontur sold 4,528 shares of the business's stock in a transaction on 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. The trade was a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 392,713 shares of company stock valued at $7,250,066 in the last 90 days. Insiders own 73.68% of the company's stock.

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Wall Street Analysts Forecast Growth

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

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.