#6 - Intuitive Machines (NASDAQ:LUNR)
Low beta stocks are known as low risk stocks. But low risk doesn’t mean no risk. Intuitive Machines Inc. (NASDAQ: LUNR) is a good example of this. The company is part of the emerging space economy, and investors are very excited about this sector. LUNR stock is up 126% in 2024.
Intuitive Machines made headlines when its lunar lander reached the moon’s surface in February 2024. Since then, the company has secured contracts for future missions. The concern for investors is cash burn. The company is not yet profitable and current projections suggest that there may be a share issuance coming in the next 12 months.
There’s no guarantee that will happen. But with the company not forecasting becoming profitable until 2026, it’s not something to bet against. That makes this a speculative buy. But, if you’re looking for a low beta stock that may provide significant upside, LUNR stock may be one to watch.
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.
Read More - Current Price
- $15.38
- Consensus Rating
- Buy
- Ratings Breakdown
- 5 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $13.10 (14.8% Downside)
