Lunr
Intuitive Machines Stock Surges 53% on $4.8 Bln NASA ContractIntuitive Machines (NASDAQ: NASDAQ:LUNR ) made headlines on Wednesday as its stock soared by 53% in premarket trading, following the announcement of a monumental contract with NASA. This $4.8 billion deal, which stretches over 10 years, is set to solidify Intuitive Machines’ role in building lunar communications and navigation infrastructure. The contract is a significant milestone not only for the company but for NASA's broader mission to establish a permanent human presence on the moon. Let's break down the key elements of this agreement and how it impacts Intuitive Machines both fundamentally and technically.
NASA Contract and Growth Prospects
At the heart of the surge is a new contract with NASA to develop and deploy a satellite constellation that will enable continuous communications between Earth and the moon. The contract includes a base value of $150 million but has the potential to reach up to $4.82 billion if all task orders and extension options are fulfilled. This infrastructure will be crucial for NASA’s ambitious Artemis program, which aims to land humans on the moon's south pole by the end of this decade. Intuitive Machines is also expected to benefit from this network beyond NASA, with private companies increasingly relying on robust lunar communications for future missions.
This contract represents a major win for Intuitive Machines, validating its business model and securing future revenue. Intuitive has steadily increased its revenue from NASA’s contracts, such as the Commercial Lunar Payload Services (CLPS) program. The company's revenue reached $41.4 million in Q2 2024, marking a 130% year-over-year growth. This growth trajectory positions Intuitive Machines as a significant player in the growing space exploration industry.
Additionally, the deal boosts investor confidence in the company's long-term potential. Intuitive Machines went public just last year, and this contract cements its ability to secure lucrative government contracts that will drive its revenue growth. The success of the lunar relay satellite constellation could also pave the way for Intuitive to expand its services, including the deployment of lunar rovers and autonomous systems on the moon.
Technical Analysis: Breakout or Overbought?
From a technical perspective, NASDAQ:LUNR stock's price movement on Wednesday was nothing short of spectacular. The stock rose 53% in premarket trading, pushing its price to $8.21. This massive surge is a clear reaction to the NASA contract announcement, as investors rushed to capitalize on the positive news.
Before the announcement, NASDAQ:LUNR had been hovering at a relatively low point, with Tuesday's close marking a 5.5% drop. However, Wednesday’s surge wiped out recent losses and pushed the stock into a breakout pattern. As of the time of writing, the stock's RSI (Relative Strength Index) sits at 55.22, indicating that the stock is approaching overbought territory, but not quite there yet. This could signal a continuation of the upward momentum, especially if investor sentiment remains positive.
However, caution is warranted. While the stock’s current performance is bullish, it’s important to consider that such large surges can sometimes result in a near-term pullback, especially after a rapid spike in premarket trading. The possibility of a gap-down pattern in the next trading session is real, given the lack of prior trading activity ahead of the surge. Investors will be watching closely for signs of a "cooling off" period, which is typically characterized by profit-taking and a slight decline in price.
The overall outlook for NASDAQ:LUNR hinges not only on the contract news but also on broader market factors. For example, the upcoming Federal Reserve speech by Chairman Jerome Powell could influence broader market sentiment, potentially affecting Intuitive Machines' stock. If Powell signals a more hawkish stance on interest rates, high-growth stocks like Intuitive Machines could experience volatility, especially as investors weigh the prospects of future monetary tightening against growth.
Looking Ahead: Risks and Opportunities
While the NASA contract is a massive boost for Intuitive Machines, there are several factors to consider moving forward. The $4.82 billion figure represents the maximum value of the contract, and it’s not guaranteed that Intuitive will secure the full amount. The task orders and extension options will depend on the successful execution of its satellite constellation and navigation services.
Moreover, the space exploration industry remains highly competitive. Intuitive Machines will need to continue innovating to stay ahead of competitors and secure additional contracts. Companies like SpaceX and Blue Origin are also heavily involved in NASA's lunar programs, which means that Intuitive Machines will need to maintain its momentum to remain a critical partner for NASA.
In terms of opportunities, Intuitive Machines’ continued collaboration with NASA opens doors for further commercial ventures. As space exploration becomes more privatized, with companies eyeing lunar mining and permanent bases on the moon, the need for reliable communications and navigation infrastructure will only increase. This contract could serve as a springboard for Intuitive Machines to position itself as a key player in future lunar and space missions.
Conclusion
In conclusion, the $4.8 billion NASA contract marks a turning point for Intuitive Machines, both fundamentally and technically. The stock’s surge reflects investor optimism about the company’s future growth prospects and ability to capitalize on new opportunities in the space industry. While there are risks of a pullback after such a rapid rise, the long-term outlook for Intuitive Machines remains promising, especially as it becomes an increasingly integral part of NASA’s lunar mission.
As investors digest the implications of this contract, the coming weeks will be crucial for $LUNR. With NASA's backing and strong growth potential, Intuitive Machines looks set to navigate the challenges of the space industry and deliver value for its shareholders.
LUNR a space exploation penny stock with momentum LONGLUNR got an injection of trader and investor interest this week on the news that their lunar
lander ( robotic unmanned) is launch ready. While it is a publically owned company, 50% is
insiders, 40% retail investors and 10% institutions. In is in the shadow of NASA in Houston from
whom it has drawn employees. Of particular importance last spring when there was a news
catalyst , price went to the moon into the 45 level. This time around is early in the cycle.
In February from liftoff to descent and landing took two weeks. Volumes topped out at 7M
shares per day. Current volume is about 760K. Price was flat in the Friday after-hours trading
on expected diminished trading. I expect LUNR to be actively traded until the news starts
getting old. After that, the 50% insiders some of what are just rank and file employees
but some of which are executive types with larger share quantities may find away to augment
the news cycle. My stop loss is 5 at the Friday afternoon low pivot. My target is near to the
head and shoulders of the February high pivot. I especially note a 425% earnings beat ( they
only burned 20% of the cash burning projection set by the analysts. Earnings is soon to arrive.
This could turn out to be a Tim Sykes' "supernova" with news digestion associated momentum
synergized with another earnings beat ( the earnings is probably all grants from NASA and the
Pentagon). I assert this could turn out to a a great trade.
How to trade LUNRLUNR, now at 5.9 on March-15-2024 :
As per key observation of US stocks, Per EW there is high chance of retracing till 0.236
and the same happened in LUNR also.
Strategy in investing in LUNR is simple.
Invest little
Keep strict stoploss at 5
Accumulate on miving higher levels at 6.61, 7.88, 9.14
uptrend confirmation at 13.25
Thereafter target prices to watch --> 15.8, 17.36, 18.63, 19.9
Expected gains from cmp --> 237%
FYI, i have invested and will hold for longterm of atleast 1 year
LUNR Long Position! March 15th Exp. NASDAQ:LUNR has an insane amount of option activity going into this morning 2/27. After reviewing the 15m chart, and seeing all resistance and support levels being hit and broken, i believe as long as it can break the $6.95 marker, it has a chance to gapping up to the $9.50-$11 range before March 15th exp. contracts. Do what you want with this information and analysis.
Follow for more!
Intuitive Machines Makes History: US Lands on MoonIn a historic feat for private space exploration, an American-made lander, built by Houston-based Intuitive Machines Inc., (NASDAQ: NASDAQ:LUNR ) successfully touched down on the lunar surface, marking the first private spacecraft to achieve this milestone since the Apollo era. The groundbreaking achievement not only ends a string of failures but also heralds a new era of commercial space travel and exploration.
Named Odysseus, the robotic craft landed on the moon at 6:23 p.m. US East Coast time on Thursday, following a series of meticulously orchestrated maneuvers. Despite facing challenges along the way, including technical glitches with navigation systems, Intuitive Machines overcame obstacles with resilience and determination, ultimately achieving a flawless landing.
The successful mission holds significant implications for both the commercial space industry and NASA's ambitious lunar exploration program. For Intuitive Machines ( NASDAQ:LUNR ), the achievement paves the way for future endeavors in ferrying payloads and experiments to the moon, solidifying its position as a key player in the burgeoning space economy.
NASA Administrator Bill Nelson hailed the milestone as a testament to the power of collaboration between government agencies and private enterprises. The partnership between NASA and Intuitive Machines ( NASDAQ:LUNR )exemplifies the agency's commitment to leveraging commercial capabilities to advance space exploration objectives.
The significance of the achievement is further underscored by its timing, coinciding with renewed interest in lunar exploration and efforts to establish a sustainable human presence on the moon. As part of NASA's Artemis program, which aims to return humans to the lunar surface, the data and insights gathered from Odysseus's mission will be invaluable in shaping future exploration efforts.
The successful landing also bodes well for the broader commercial space industry, with shares of Intuitive Machines soaring following the announcement. The company's stock, already on an upward trajectory, received a significant boost, reflecting investor confidence in its technology and business prospects.
Looking ahead, Intuitive Machines ( NASDAQ:LUNR ) is poised to capitalize on its success, with contracts in place to deliver additional landers to the moon's surface in the coming years. With NASA's continued support and the growing demand for commercial space services, the company is well-positioned to play a pivotal role in shaping the future of space exploration.
In conclusion, Intuitive Machines' ( NASDAQ:LUNR ) historic achievement marks a significant milestone in the journey towards expanding humanity's presence beyond Earth. By successfully landing on the moon with a private spacecraft, the company has not only demonstrated the feasibility of commercial lunar exploration but has also opened new frontiers for innovation and discovery in the vast expanse of space.
LunarCrush (LUNR)Lunr price today is $0.3 with a 24hour trading volume of 1 million dollar
LunarCrush provides social insights for cryptocurrencies and Lunr is a utility token rewarded to LunarCrush users for the work they put into LunarCrush
I remember the first time I talked with Joe Vezzani the CEO of the project it was 3 a.m and I loved everything about their team and their mission and they still crushing it
I started investing since the price was 0.14 and I think we going to see much higher prices
targets 0.39 , 0.50
