Intuitive Machines (LUNR) to Release Earnings on Monday

Intuitive Machines (NASDAQ:LUNR) is anticipated to issue 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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Intuitive Machines Trading Down 0.3 %

NASDAQ:LUNR opened at $7.09 on Friday. The stock’s 50-day moving average is $16.22 and its 200-day moving average is $12.85. The stock has a market cap of $995.06 million, a P/E ratio of -2.41 and a beta of 1.01. Intuitive Machines has a 1-year low of $3.15 and a 1-year high of $24.95.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LUNR shares. Roth Mkm dropped their price target on shares of Intuitive Machines from $20.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 11th. Roth Capital set a $20.00 price target on Intuitive Machines in a research note on Friday, March 7th. Deutsche Bank Aktiengesellschaft began coverage on Intuitive Machines in a research note on Tuesday, February 25th. They issued a “hold” rating and a $18.00 price objective on the stock. Bank of America initiated coverage on shares of Intuitive Machines in a report on Wednesday, February 5th. They set an “underperform” rating and a $16.00 price target for the company. Finally, Canaccord Genuity Group reduced their price objective 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.38.

Insider Buying and Selling

In related news, 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 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 represents a 9.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Steven Vontur sold 4,528 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total transaction of $88,748.80. Following the completion of the sale, the insider now owns 104,272 shares of the company’s stock, valued at approximately $2,043,731.20. The trade was a 4.16 % 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 in the last ninety days. 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.