Intuitive Machines Climbs to Fifth on WSB as Stock Surges Amid NASA Contract Win
Thursday, Sep 5, 2024 7:02 am ET
1min read Intuitive Machines ranks fifth in the latest WSB rankings, having dropped one spot from the previous day.
Shares of Intuitive Machines (LUNR) rose by 1.54%, marking a four-day winning streak and an overall four-day increase of 13.06%.
On September 3, Cantor Fitzgerald reaffirmed their rating of Intuitive Machines as "Overweight," with a target price of $10.00.
On August 13, Intuitive Machines released their 2024 mid-year report. For the six months ending June 30, 2024, the company reported revenue of $114 million, a 215.98% increase year-over-year. However, the company posted a net loss of $105 million, with basic earnings per share of -$1.76.
Intuitive Machines, Inc., incorporated in Delaware, is a diversified aerospace company focused on space exploration. The company offers space products and services that support continuous robotic and human exploration of the Moon, Mars, and beyond. Its services and products are delivered through four business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure.
On August 30, Roth MKM maintained their "Buy" rating for Intuitive Machines, with a target price of $10.00.
On August 13, Intuitive Machines released their 2024 mid-year report. For the six months ending June 30, 2024, the company reported revenue of $114 million, a 215.98% increase year-over-year. However, the company posted a net loss of $105 million, with basic earnings per share of -$1.76.
Intuitive Machines, Inc., incorporated in Delaware, is a diversified aerospace company focused on space exploration. The company offers space products and services that support continuous robotic and human exploration of the Moon, Mars, and beyond. Its services and products are delivered through four business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure.
NASA has awarded Intuitive Machines a contract worth $117 million for a lunar South Pole landing mission. Under this contract, the company will use its Nova-C lunar lander to transport six payloads to the lunar South Pole in 2027. The six payloads, totaling 79 kilograms, will include four from NASA, one from the European Space Agency, and one from the University of Colorado Boulder's Laboratory for Atmospheric and Space Physics. These payloads are designated for biological, planetary science, space science, and laser reflector array experiments.
Overall, Intuitive Machines' recent performance and ongoing involvement in significant space missions underline the company's ambitious role in the space exploration industry. The recent rise in stock prices and sustained Wall Street analyst confidence further reflect the market's positive outlook despite the net losses reported in the mid-year financials.
Shares of Intuitive Machines (LUNR) rose by 1.54%, marking a four-day winning streak and an overall four-day increase of 13.06%.
On September 3, Cantor Fitzgerald reaffirmed their rating of Intuitive Machines as "Overweight," with a target price of $10.00.
On August 13, Intuitive Machines released their 2024 mid-year report. For the six months ending June 30, 2024, the company reported revenue of $114 million, a 215.98% increase year-over-year. However, the company posted a net loss of $105 million, with basic earnings per share of -$1.76.
Intuitive Machines, Inc., incorporated in Delaware, is a diversified aerospace company focused on space exploration. The company offers space products and services that support continuous robotic and human exploration of the Moon, Mars, and beyond. Its services and products are delivered through four business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure.
On August 30, Roth MKM maintained their "Buy" rating for Intuitive Machines, with a target price of $10.00.
On August 13, Intuitive Machines released their 2024 mid-year report. For the six months ending June 30, 2024, the company reported revenue of $114 million, a 215.98% increase year-over-year. However, the company posted a net loss of $105 million, with basic earnings per share of -$1.76.
Intuitive Machines, Inc., incorporated in Delaware, is a diversified aerospace company focused on space exploration. The company offers space products and services that support continuous robotic and human exploration of the Moon, Mars, and beyond. Its services and products are delivered through four business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure.
NASA has awarded Intuitive Machines a contract worth $117 million for a lunar South Pole landing mission. Under this contract, the company will use its Nova-C lunar lander to transport six payloads to the lunar South Pole in 2027. The six payloads, totaling 79 kilograms, will include four from NASA, one from the European Space Agency, and one from the University of Colorado Boulder's Laboratory for Atmospheric and Space Physics. These payloads are designated for biological, planetary science, space science, and laser reflector array experiments.
Overall, Intuitive Machines' recent performance and ongoing involvement in significant space missions underline the company's ambitious role in the space exploration industry. The recent rise in stock prices and sustained Wall Street analyst confidence further reflect the market's positive outlook despite the net losses reported in the mid-year financials.
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