Space exploration stock Intuitive Machines NASDAQ: LUNR recently had one of the more pivotal days in its history. Unfortunately, Mar. 6 ended up as a day of reckoning rather than one of celebration.
Intuitive Machines, Inc. (LUNR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
American stocks ended the week strongly, with the Dow Jones, S&P 500, and Nasdaq 100 indices rising by 675, 117, and 450 points, respectively. This rebound capped a highly volatile week in which the VIX index jumped to almost $23, the highest level in months.
Shares of Intuitive Machines (LUNR 8.43%) fell this week. The company's stock plunged 18.9% as of 3:20 p.m.
Intuitive Machines (LUNR 14.51%) stock saw big gains in Wednesday's trading. The company's share price closed out the day's trading up 14.5% and had been up as much as 18.1% earlier in the session.
U.S. stocks have been on a wild ride lately as President Donald Trump moves toward protectionist economic policies. The benchmark S&P 500 (^GSPC -0.76%) is off 4.3% year to date, while the Nasdaq-100 has dropped 7.4% over this same period.
Intuitive Machines' second lunar mission failed, causing a 73% stock decline from the highs, raising concerns about lander design and software calibration. Despite setbacks, Intuitive Machines has significant opportunities in lunar relay services and lunar rover design, with a $385 million cash reserve. The current sell-off, driven by macroeconomic factors and IM-2 failure, presents a buying opportunity given the company's diversified contracts and potential.
Shares of Intuitive Machines (LUNR -23.55%) are falling on Monday. The company's stock plunged 23.3% as of 1:20 p.m.
Intuitive Machines is a leading space exploration company with significant growth, driven by major contracts and successful lunar missions, making it a strong buy opportunity. Despite recent stock dips, LUNR's 176% rise over six months and record backlog indicate robust future revenue growth. The space exploration sector is booming, with LUNR securing $4.8 billion in NASA contracts, enhancing its market position and long-term prospects.
Intuitive Machines, Inc. stock is crashing, down 70% from recent highs. The company's IM-2 mission ended in failure after the lander tipped over, the same fate suffered by IM-1. While short-term volatility should be expected, I think the long-term outlook for LUNR stock remains intact.
The Athena lander from Intuitive Machines could not charge its batteries after ending up on its side. It largely failed to accomplish science and technology tasks for NASA and other customers.
The stock of Intuitive Machines (LUNR -22.38%) is seeing intense sell-offs in Friday's trading. The lunar-lander company's share price was down 24.1% as of 1:15 p.m.