Intuitive Machines is "ready to go" with its second moon landing mission, a company executive said on Wednesday, a day ahead of the scheduled launch of its lunar lander.
Intuitive Machines' (LUNR -6.11%) stock has more than doubled over the past 12 months. The producer of lunar landing and exploration vehicles impressed investors after it achieved its first lunar landing, secured new NASA contracts, and expanded its ride-sharing service to send more third-party payloads to the moon.
Investors interested in LUNR stock should refrain from adding it to their portfolio, considering its premium valuation.
Is red-hot Intuitive Machines (LUNR 2.40%) stock finally starting to cool off?
Intuitive Machines (LUNR 8.31%) stock rocketed higher in Monday's trading. The company's share price closed out the daily session up 8.3%, and had been up as much as 10.2% earlier in the day's trading.
Intuitive Machines CEO Stephen Altemus, joins 'Closing Bell Overtime' to talk its upcoming moon mission.
Intuitive Machines' stock has surged more than 300% since my initial recommendation, with a 91% return, maintaining my strong buy rating. The company will redeem 21.9 million warrants, potentially raising $250 million in cash, despite a 21% dilution to shareholders. The exercise will significantly boost cash per share from $2.22 to $3.61, supporting business growth and reducing dilution risk.
Shares of Intuitive Machines (LUNR 3.20%) are flying Friday. The stock had gained 4.4% as of 2:50 p.m.
Intuitive Machines: Buy In On The Huge $4.8 Billion Win
Space exploration has evolved dramatically since the first satellites were launched in the late 1950s.
A lot of things can change in a decade.
Investors interested in space stocks should refrain from adding LUNR to their portfolio right now, considering its premium valuation.