Intuitive Machines Slides to Fourth in WSB Rankings Amid Shareholder Sell-Offs and Stock Decline
1min read In the latest WSB rankings, Intuitive Machines stands at fourth position, a drop of two places from yesterday. The company has experienced a downturn, with its stock falling 4.86% over the past three days, accumulating a decline of 17.67% within this period.
Recent internal transactions have drawn attention, notably the sell-off by board member Blitzer Michael, who disposed of 500,000 shares on September 20, 2024. This follows transactions by major stakeholders, including Altemus Stephen J and Crain Timothy Price II, indicating significant offloading activity in recent days.
Founded in Delaware, Intuitive Machines Inc. is a diversified aerospace company with a focus on space exploration. The company delivers space products and services supporting ongoing robotic and human exploration of celestial bodies, extending to the Moon, Mars, and beyond. It operates in four segments: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure.
As of its financial report released on August 13th, Intuitive Machines recorded a revenue of $114 million for the first half of 2024, marking a growth of 215.98% year-on-year. Despite this increase, the company posted a net loss of $105 million, with basic earnings per share at a negative $1.76.
B. Riley Securities recently maintained their "Buy" rating for Intuitive Machines, setting a target price of $12.00. Such evaluations reflect ongoing confidence in the company's potential, despite recent market performance challenges.