Why Is Intuitive Machines Stock Still Going Up?

If you want to own Intuitive Machines stock, you're going to need a lot of patience

Something curious is happening with Intuitive Machines (LUNR 8, amid market uncertainty

Spacecraft on the moon for the first time in over 50 years

Furthermore, Yesterday, Bank of America analyst Ronald Epstein lowered his price target on Intuitive stock from $16 to $10. 50, below where the stock was trading, triggering an "underperform" rating

Additionally, And yet, Intuitive Machines stock went up, not down, on the news (rising 1

However, And today, it's going up even more

Image source: Getty Images, in light of current trends

What BofA says Intuitive Machines stock Intuitive Machines stock gained a healthy 5

But while investors are surely happy to see Intuitive continue to defy gravity, maybe they shouldn't get used to it

At the same time, however, management warned that cash receipt lumpiness could return in Q2 (something worth watching)

And I suspect "cash receipt lumpiness" translates as "negative free cash flow. " Is Intuitive Machines stock a buy

The data indicates that shouldn't be a surprise (which is quite significant)

Furthermore, Analysts have long forecast it would take Intuitive until at least 2027 to reach sustained fitability as calculated according to generally accepted accounting principles (GAAP), and 2028 to begin generating consistently positive FCF

That said, I believe patience will be rewarded

Between the company's series of NASA contracts to land spacecraft on the moon, its Near Space Network communications contract, and now a new building Earth reentry vehicles for semiconductor and space pharmaceutical customers, Intuitive's future could be out of this world (fascinating analysis)

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Rich Smith has positions in Intuitive Machines

Market analysis shows Motley Fool has no position in any of the stocks mentioned

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