On August 14, Intuitive Machines rose 8.77% in pre-market trading, trading at $19.15/share, with turnover of $8.6585 million, rebounding sharply from the prior sessions post-earnings sell-off.
On the news front, Stifel upgraded Intuitive Machines to Buy from Hold with a price target of $26, while multiple analysts revised their forecasts following Q2 results. The company reaffirmed its full-year revenue guidance of $900 million to $1 billion, and its record backlog of $1.8 billion signaled continued strong demand.
The Q2 report released on August 13 showed revenue of $206.2 million, up over 310% year-over-year, though the quarter posted a loss of $0.29 per share versus the consensus estimate of a $0.07-$0.09 loss. Revenue also missed estimates of approximately $216-$221 million, with IM-4 mission costs contributing to the wider loss. The stock had fallen approximately 14.6% on August 13 before the analyst upgrade and guidance reaffirmation triggered the pre-market recovery.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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