Streetbeat News

LUNR

Intuitive Machines, Inc.

https://www.intuitivemachines.com

Industry

Aerospace & Defense

Intuitive Machines, Inc. manufactures and supplies space products and services. It offers space products and services to support sustained robotic and human exploration to the moon, mars, and beyond. It offers its products and services through business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure. The company was founded in 2013 and is based in Houston, Texas.

Open

10.12

Mkt cap

782M

Volume

37M

High

12.63

P/E Ratio

-73.06

52-wk high

14.90

Low

10.06

Div yield

N/A

52-wk low

2.09

Intuitive Machines (NASDAQ:LUNR) reported Q1 sales of $73.068M, surpassing the analyst consensus estimate of $55.900M by 30.71%. This represents a 300.68% increase from the $18.236M in sales reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 11:32 am

Intuitive Machines (NYSE:LUNR) has seen a significant increase in short interest, with 3.77 million shares sold short, representing 49.11% of its float. This is a substantial rise of 24.74% since the last report. The high short interest compared to its peers, with an average of 8.89%, indicates a bearish market sentiment towards LUNR. However, an increase in short interest can sometimes be bullish, suggesting potential for a short squeeze.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 2:30 pm

Blue Origin, founded by Jeff Bezos, announced its 7th crewed flight, NS-25, with a six-person crew, marking a return to human spaceflight after setbacks. The crew includes notable figures such as Ed Dwight and entrepreneurs from various fields. This follows a period of inactivity due to issues in an uncrewed flight in September 2022. The announcement comes amid increased interest in space travel, with recent achievements by Intuitive Machines and plans by Virgin Galactic to focus on profitability.

Portfolio Pulse from Chris Katje

April 12, 2024 | 5:47 pm

NASA announced that three teams, including one partnered with General Motors (GM), Lockheed Martin (LMT), Goodyear Tire (GT), and others, are developing lunar terrain vehicles for Moon missions. Intuitive Machines (LUNR) is also mentioned as a key player. The vehicles, potentially powered by GM's Ultium technology, are part of NASA's efforts to return astronauts to the Moon by 2026. The selection of a winning team could intensify the rivalry between automotive companies in space exploration.

Portfolio Pulse from Chris Katje

April 10, 2024 | 6:36 pm

Roth MKM analyst Suji Desilva has maintained a Buy rating on Intuitive Machines (NASDAQ:LUNR) and kept the price target at $15.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:45 pm

Benchmark analyst Josh Sullivan has reiterated a Buy rating on Intuitive Machines (NASDAQ:LUNR) and maintained a $10 price target.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:39 pm

Intuitive Machines Inc (NASDAQ:LUNR) shares surged after NASA awarded the company a $30 million contract as a prime contractor for a Lunar Terrain Vehicle Services Feasibility Assessment. This contract involves creating a roadmap for developing and deploying a Lunar Terrain Vehicle on the Moon, marking Intuitive's entry into human spaceflight operations within NASA's $4.6 billion project. Partners including Boeing Company (NYSE:BA), and Northrop Grumman Corporation (NYSE:NOC) will contribute to the LTV design.

Portfolio Pulse from Shivani Kumaresan

April 04, 2024 | 12:27 pm

In Thursday's pre-market session, several industrials stocks showed significant movement. Notably, Expion360 (XPON) surged 28.8%, while View (VIEW) dropped 23%. Exela Technologies (XELA) also rose by 9.12% following its Q4 earnings report. Other stocks experienced various degrees of movement, indicating a mixed sentiment in the industrials sector.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 12:09 pm

Intuitive Machines Inc (NASDAQ:LUNR) shares rose in extended trading after being awarded a $30 million Lunar Terrain Vehicle contract by NASA. The contract involves a feasibility assessment for developing and deploying a Lunar Terrain Vehicle using Intuitive Machines' Nova-D lunar lander. The company's CEO highlighted the alignment with their capability to deliver payloads to the Moon, and the project allows for commercial utilization of the vehicle. Partners in the project include AVL, Boeing, Michelin, and Northrop Grumman. LUNR shares are up 135% year-to-date, following their successful moon landing mission.

Portfolio Pulse from Adam Eckert

April 03, 2024 | 8:58 pm

In Wednesday's after-market session, several industrials stocks saw significant movements. Intuitive Machines, FiscalNote Holdings, Knightscope, New Horizon Aircraft, Markforged Holding, and Advent Technologies Holdings were among the gainers, with increases ranging from 4.66% to 8.5%. Conversely, Nature's Miracle Holding, View, Surf Air Mobility, Greenwave Tech Solutions, Urban-gro, and Sidus Space were among the losers, with decreases ranging from 3.17% to 5.4%. These movements reflect the dynamic nature of the market and could indicate investor reactions to recent company performances or broader market trends.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 8:31 pm

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