Last Updated: 12 Nov 2024
Executive Summary
Intuitive Machines Inc. (LUNR), a SPAC in the real estate and construction sector, is currently trading at $11. The company has a market capitalization of $612.25 million, with a trailing twelve-month revenue of $157.77 million and a net loss of $60.1 million. Analysts have a consensus rating of "Buy" for LUNR, with a target price of $10.6.
Company Overview
Intuitive Machines Inc. is a space exploration company that develops and operates lunar landers and other spacecraft. The company was founded in 2013 and is headquartered in Houston, Texas. Intuitive Machines has a partnership with NASA to develop a lunar lander for the Artemis program, which aims to return humans to the Moon by 2024.
Fundamental Analysis
LUNR's financial performance has been mixed in recent quarters. Revenue grew by 1.3% year-over-year in the most recent quarter, but the company reported a net loss of $17.3 million, compared to a net income of $1.9 million in the same quarter last year. The company's gross profit margin is negative, indicating that it is not yet profitable on an operating basis.
LUNR's balance sheet is relatively strong, with $176.9 million in cash and equivalents and no long-term debt. The company also has a backlog of $250 million in contracts, which provides some visibility into future revenue.
Technical Analysis
LUNR's stock price has been volatile in recent months, but it has generally trended upwards since the beginning of the year. The stock is currently trading above its 50-day and 200-day moving averages, which is a bullish sign. The relative strength index (RSI) is also above 50, indicating that the stock is not overbought.
Short Term Outlook
In the short term, LUNR's stock price is likely to continue to be volatile. The company is expected to report its next quarterly earnings in August, and the results of that report could have a significant impact on the stock price. If the company reports strong earnings and provides positive guidance for the future, the stock price could rise. However, if the company reports weak earnings or provides negative guidance, the stock price could fall.
Long Term Outlook
In the long term, LUNR's stock price is likely to be driven by the company's success in the space exploration market. The company has a strong partnership with NASA and is well-positioned to benefit from the growing demand for lunar exploration services. If the company is successful in developing and operating lunar landers and other spacecraft, its stock price could rise significantly.
Analyst Recommendations
Analysts have a consensus rating of "Buy" for LUNR, with a target price of $10.6. Five analysts have a "Buy" rating on the stock, while none have a "Sell" rating. The average target price among analysts is $10.6, which represents a potential upside of 4.5% from the current price.
