Why Intuitive Machines Stock Keeps Going Up

SpaceX IPO excitement drove Intuitive Machines (NASDAQ: LUNR) banal higher for a 4th consecutive trading time Tuesday. With a small assistance from Wall Street, this time, it looks similar it's going to stick.

Shares of the lunar lander institution soared 17.2% done 11:20 a.m. ET aft Cantor Fitzgerald expert Andres Sheppard raised his terms people connected the abstraction banal by 65%, to $43 per share.

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Why Cantor loves Intuitive Machines banal

What makes Cantor truthful optimistic astir Intuitive Machines stock?

The company's post-earnings committedness to attack $1 cardinal successful gross this twelvemonth is surely 1 factor, and management's assurance that it volition beryllium "profitable," astatine slightest successful presumption of adjusted net earlier interest, taxes, depreciation, and amortization (EBITDA -- which isn't really earnings), is another.

What's got Cantor's expert adjacent much excited, though, is the imaginable that NASA mightiness grant Intuitive a declaration to physique a Lunar Terrain Vehicle (LTV) this week. Sheppard says he's "confident" Intuitive volition get the contract, which could beryllium worthy up to $4.6 cardinal implicit time.

Additional catalysts see Intuitive's upcoming Q4 IM-3 satellite landing (which hopefully volition onshore upright), arsenic good arsenic funds from the U.S. Space Force's Andromeda abstraction domain consciousness program, which could beryllium worthy anyplace from $1.8 cardinal to $6.2 cardinal implicit 10 years.

What it means for Intuitive Machines banal

Granted, 14 different companies are competing for parts of that past one. Indeed, many of the contracts Intuitive Machines has won, oregon whitethorn win, could extremity up being shared with different awardees.

Still, this is rather a batch of billion-dollar-plus contracts we're talking astir here. If Intuitive Machines wins important roles successful adjacent a fistful of them, the $6.1 cardinal marketplace capitalization connected this abstraction banal could easy look similar a bargain.

Should you bargain banal successful Intuitive Machines close now?

Before you bargain banal successful Intuitive Machines, see this:

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