Fintel reports that on August 15, 2023, Benchmark reiterated coverage of Intuitive Machines Inc - (NASDAQ:LUNR) with a Buy recommendation.
Analyst Price Forecast Suggests 125.31% Upside
As of August 2, 2023, the average one-year price target for Intuitive Machines Inc - is 18.77. The forecasts range from a low of 11.11 to a high of $29.40. The average price target represents an increase of 125.31% from its latest reported closing price of 8.33.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Intuitive Machines Inc - is 436MM, an increase of 407.55%. The projected annual non-GAAP EPS is -0.30.
What is the Fund Sentiment?
There are 4 funds or institutions reporting positions in Intuitive Machines Inc -. This is a decrease of 32 owner(s) or 88.89% in the last quarter. Average portfolio weight of all funds dedicated to LUNR is 0.07%, a decrease of 64.03%. Total shares owned by institutions decreased in the last three months by 95.97% to 1,105K shares.
What are Other Shareholders Doing?
CVSIX - Calamos Market Neutral Income Fund holds 1,000K shares representing 6.27% ownership of the company. No change in the last quarter.
JNL SERIES TRUST - JNL Multi-Manager Alternative Fund holds 51K shares representing 0.32% ownership of the company.
JNL SERIES TRUST - JNL holds 39K shares representing 0.25% ownership of the company.
MERVX - The Merger Fund VL holds 15K shares representing 0.10% ownership of the company.
Additional reading:
- Intuitive Machines Reports Second Quarter 2023 Financial Results and Announces Expected Launch of First Lunar Mission
- Form of Director Restricted Stock Unit Award Agreement (incorporated by reference to Exhibit 10.2 to the Registrant’s Current Report on Form 8-K (File No. 001- 40823), filed with the SEC on June 23, 2023).
- Intuitive Machines Announces Appointment of Nicole Seligman to Board of Directors
- Intuitive Machines, Inc. Amended and Restated Non-Employee Director Compensation Program (effective June 23, 2023) (incorporated by reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K (File No. 001-40823), filed with the SEC on June 23, 2023).
- Intuitive Machines Reports First Quarter 2023 Financial Results
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
