Intuitive Machines Hits 52-Week High: Why LUNR Stock Is Rocketing On Monday?

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Intuitive Machines Inc (NASDAQ:LUNR) shares are surging on Monday. The stock reached a new 52-week high of $32.46 during the session as several positive catalysts are fueling this momentum.

Intuitive Machines is scheduled to report first-quarter earnings on Thursday. Analysts estimate a loss per share of 6 cents and quarterly revenue of $204.63 million.

The Nasdaq is up 0.31% while the S&P 500 has gained 0.36%.

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Investor interest in the space industry is heating up. Rocket Lab USA Inc (NASDAQ:RKLB) recently reported revenue topping $200 million. This has lifted …

Full story available on Benzinga.com

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