Intuitive Machines, Inc. (LUNR, Financial) is experiencing a surge in bullish options activity, with 8,866 call options traded, which is 1.2 times the expected volume. This heightened activity has driven the implied volatility up by more than five points, reaching 101.35%.
The most actively traded options are the 5/2 weekly calls, with strike prices at $9.5 and $8.5. Combined, these two strikes account for nearly 4,400 contracts, highlighting significant investor interest.
The Put/Call Ratio for Intuitive Machines is notably low at 0.19, indicating a strong preference for call options over puts. This activity comes ahead of the company's anticipated earnings announcement on May 13th.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Intuitive Machines Inc (LUNR, Financial) is $14.86 with a high estimate of $21.00 and a low estimate of $12.00. The average target implies an upside of 78.48% from the current price of $8.32. More detailed estimate data can be found on the Intuitive Machines Inc (LUNR) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Intuitive Machines Inc's (LUNR, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
LUNR Key Business Developments
Release Date: March 24, 2025
- Q4 Revenue: $54.7 million, up 79% year-over-year.
- Full-Year Revenue 2024: $228 million.
- Cash Balance End of 2024: $207.6 million.
- Cash Balance as of March 10, 2025: $385 million.
- Operating Loss Q4: $13.4 million.
- SG&A Expenses Q4: $13.5 million.
- Operating Cash Used Q4: $2 million.
- Capital Expenditures Q4: $4.9 million.
- Free Cash Outflow Q4: $6.9 million.
- Contracted Backlog End of Q4: $328.3 million.
- 2025 Revenue Guidance: $250 million to $300 million.
- Shares Outstanding as of March 18, 2025: 178.3 million.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Intuitive Machines Inc (LUNR, Financial) reported a record fiscal year revenue of $228 million, exceeding the midpoint of their previous guidance range.
- The company ended 2024 with a record cash balance of $207.6 million, which increased to $385 million by March 2025 after recent warrant exercises.
- Intuitive Machines Inc (LUNR) is well-positioned to benefit from the federal government's shift towards commercial service models, leveraging private sector innovation.
- The IM-2 mission demonstrated significant advancements in space communications, navigation, and AI-powered systems, validating their data transmission network.
- The company has a strong contracted backlog of $328.3 million, with expectations to recognize 60% to 65% of it during 2025, ensuring steady revenue streams.
Negative Points
- Operating loss for the fourth quarter was $13.4 million, driven primarily by higher SG&A expenses.
- SG&A costs increased significantly due to public company costs, employee compensation, and new office rents.
- The IM-2 mission faced challenges, including Athena's landing not going as planned, although valuable data was still captured.
- The company is still in the process of conducting a critical post-flight review (hot wash) for the IM-2 mission, indicating ongoing challenges in mission execution.
- Intuitive Machines Inc (LUNR) faces uncertainties with NASA's procurement strategies and potential shifts in government funding priorities.
