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

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

August 14, 2024 | 2:34 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Intuitive Machines (NASDAQ:LUNR) and maintained a $10 price target.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 1:41 pm

Intuitive Machines has updated its 2024 revenue outlook to $210M-$240M, slightly higher than the previous lower bound of $200M. The company expects a 2.6x-3x increase in sales compared to the prior year. The Q2 cash balance is expected to be sufficient to fund operations for the next 12 months. The company is also expanding its backlog with key upcoming awards and plans to ship its mission two completed lander by Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:38 am

Intuitive Machines (NASDAQ:LUNR) reported Q2 sales of $41.408 million, missing the analyst estimate of $46.600 million. Net income was $18.14 million, down from $28.866 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:35 am

SEOPS and Intuitive Machines have entered a launch services agreement. Intuitive Machines will provide rideshare delivery services, expanding SEOPS' offerings beyond Low Earth Orbit (LEO) to include Geostationary Transfer Orbit, the Moon's surface, and Lagrange points starting after 2025.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:37 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Intuitive Machines (NASDAQ:LUNR) and maintained a $10 price target.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 5:41 pm

Intuitive Machines has finalized the landing site for its IM-2 lunar prospecting mission, marking a significant milestone in its space exploration efforts.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 12:37 pm

Intuitive Machines, Inc. (NASDAQ:LUNR) has successfully qualified the VR900 engine for its IM-2 lunar mission, advancing the development of its VR3500 engine for larger cargo class landers. The VR900 engine, designed and tested in-house, completed a full-duration hot-fire test, confirming increased performance. The company is now applying these design modifications to its larger engine system while finalizing the IM-2 mission lander's assembly.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 12:38 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Intuitive Machines (NASDAQ:LUNR) and maintained a $10 price target.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 3:55 pm

Intuitive Machines, Inc. (NASDAQ:LUNR) shares are experiencing above-average trading volume following a Buy rating and $8 price target from B. Riley Securities. The company also announced that Houston will recognize July 20, 2024, as 'Intuitive Machines Day' for their successful lunar landing. Additionally, Jack Fischer has been appointed to the Texas Aerospace Research and Space Economy Consortium executive committee. Cantor Fitzgerald reiterated its Overweight rating with a $10 price target earlier in June. Despite initial gains, LUNR shares have given back most of the gains and are currently trading at $3.55.

Portfolio Pulse from Erica Kollmann

June 28, 2024 | 2:43 pm

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