Analysis suggests Intuitive Machines could be undervalued. The company's stock gained over 41% in one month. This followed a mixed quarterly report. The report confirmed strong revenue growth and a record backlog. Analysis points to a fair value of around $23.00 per share. The stock closed at $18.32.
The positive outlook stems from the company's successful transition to a lunar infrastructure provider. Intuitive Machines holds a backlog of nearly $943 million. Recent wins include a multi-satellite communications program. This program is valued at over $600 million. The company also secured a contract with NASA for the EAGLE-VSWIR Earth observation mission.