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, Inc. (NASDAQ: LUNR) has been awarded a $30 million contract by NASA to conduct a Lunar Terrain Vehicle Services Feasibility Assessment as part of NASA's Artemis campaign. This marks the company's entry into human spaceflight operations within the $4.6 billion LTV Services project. The contract involves developing a roadmap for deploying a Lunar Terrain Vehicle on the Moon using Intuitive Machines' Nova-D cargo-class lunar lander. Partners including AVL, Boeing, Michelin, and Northrop Grumman will contribute to the vehicle's design, showcasing advanced capabilities in power management, autonomous driving, and navigation for lunar exploration.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:15 pm

Intuitive Machines (NYSE:LUNR) has seen a 21.93% increase in short interest, now at 3.02 million shares or 39.37% of float. This is significantly higher than its peer average of 10.24%. Short interest can indicate market sentiment, and while an increase suggests bearishness, it can also be a bullish signal under certain conditions.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 7:45 pm

Intuitive Machines Inc (NASDAQ:LUNR) shares are trading lower after the company filed a prospectus for an offering of up to $300 million of its common stock. The filing includes an offering of 159,808,031 shares and 8.295 million warrants. Despite a recent rally due to its successful moon landing mission, the stock is down 4.36% at $6.58. The company reported $4.5 million in cash and $54.6 million including warrant exercises as of March 1.

Portfolio Pulse from Adam Eckert

March 28, 2024 | 1:29 pm

In Thursday's pre-market session, several industrials stocks showed significant movement. Swvl Holdings, Nuvve Holding, Energous, Hydrofarm Holdings Group, Zoomcar Holdings, and View were among the gainers, with increases ranging from 6.08% to 10.8%. On the downside, Westinghouse Air Brake, Urban-gro, MillerKnoll, Staffing 360 Solutions, Intuitive Machines, and Nauticus Robotics experienced declines between 5.49% and 17.7%. Notably, Nuvve Holding, Energous, Urban-gro, and MillerKnoll's movements were associated with their latest earnings reports.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 12:06 pm

In Tuesday's intraday session, several industrials stocks experienced significant movements. Notably, C3is, Earlyworks Co, Intuitive Machines, Swvl Hldgs, Terran Orbital, and Microvast Holdings saw their stock prices increase, with C3is leading the gainers at a 41.8% rise. Conversely, Quhuo, noco-noco, Professional Diversity, Applied UV, Orion Group Hldgs, and Erayak Power Solution Gr faced declines, with Quhuo experiencing the largest drop at 49.6%. These movements were associated with various factors, including Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 5:31 pm

Cantor Fitzgerald analyst Andres Sheppard has maintained an Overweight rating on Intuitive Machines (NASDAQ:LUNR) but has lowered the price target from $13 to $10.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 5:48 pm

Intuitive Machines, Inc. (NASDAQ:LUNR) reported Q4 sales of $30.56 million, surpassing analyst estimates by 37.66%. The company achieved a significant milestone with the United States' first lunar landing in over 50 years, earning $12.5 million in mission completion payments. CEO Steve Altemus highlighted the mission's impact on lunar economics and program costs. Analysts have a bullish outlook on LUNR, with an average 1-year price target of $12.40, indicating a potential upside of 126.48%.

Portfolio Pulse from Erica Kollmann

March 21, 2024 | 4:13 pm

Intuitive Machines (NASDAQ:LUNR) reported Q4 sales of $30.56 million, surpassing the analyst consensus estimate of $22.20 million by 37.66%. However, this represents a 19.55% decrease from the $37.99 million sales reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 11:34 am

Numerous companies are scheduled to report their earnings on March 21, 2024, covering a wide range of industries from technology to healthcare. The reports include a mix of expected quarterly earnings and losses, with notable companies such as Welltower, Academy Sports, Exscientia, Direxion Daily CSI China Internet Index Bull 2X Shares, and Winnebago Industries among those reporting before the bell. After the bell, companies like Lululemon Athletica, Nike, FedEx, and Intellicheck will report, providing insights into their financial health and performance.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 10:15 am

The U.S. Defense Department's DARPA has selected Northrop Grumman Corp (NOC) to develop a concept for a moon-based railway. This initiative is part of DARPA's 10-year Lunar Architecture Capability Study aimed at establishing lunar infrastructure for future commercial services. Northrop Grumman will explore the feasibility, costs, risks, and necessary resources for building and operating a lunar railway system. This project aligns with growing interest in lunar exploration and space economy, highlighted by recent achievements in space tourism and exploration by companies like Intuitive Machines Inc (LUNR), SpaceX, Rocket Lab USA Inc (RKLB), Virgin Galactic Holdings Inc (SPCE), and Blue Origin.

Portfolio Pulse from Adam Eckert

March 20, 2024 | 9:41 pm

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