Intuitive Machines (NASDAQ:LUNR) Trading Down 7.1% – Should You Sell?

Intuitive Machines, Inc. (NASDAQ:LUNR)’s share price was down 7.1% during mid-day trading on Monday . The stock traded as low as $7.45 and last traded at $7.50. Approximately 4,288,545 shares were traded during trading, a decline of 64% from the average daily volume of 11,766,959 shares. The stock had previously closed at $8.07.

Wall Street Analyst Weigh In

A number of brokerages have commented on LUNR. Cantor Fitzgerald cut their price objective on shares of Intuitive Machines from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, March 25th. Roth Mkm cut their price target on Intuitive Machines from $20.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. Roth Capital set a $20.00 price objective on Intuitive Machines in a research note on Friday, March 7th. Canaccord Genuity Group cut their target price on Intuitive Machines from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intuitive Machines in a research report on Tuesday, February 25th. They set a “hold” rating and a $18.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Intuitive Machines currently has an average rating of “Moderate Buy” and an average price target of $16.00.

Intuitive Machines Trading Up 9.6 %

The firm has a 50-day moving average of $14.75 and a 200 day moving average of $13.04. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -2.79 and a beta of 1.01.

Intuitive Machines (NASDAQ:LUNR) last announced its earnings results on Tuesday, March 25th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.12. The firm had revenue of $54.66 million for the quarter, compared to the consensus estimate of $72.58 million. Equities research analysts predict that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Insider Transactions at Intuitive Machines

In other news, insider Steven Vontur sold 9,266 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $22.50, for a total transaction of $208,485.00. Following the sale, the insider now owns 98,656 shares in the company, valued at $2,219,760. The trade was a 8.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 73.68% of the stock is owned by insiders.

Institutional Trading of Intuitive Machines

Several hedge funds and other institutional investors have recently modified their holdings of LUNR. Vanguard Group Inc. boosted its holdings in shares of Intuitive Machines by 33.6% during the fourth quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company’s stock worth $73,503,000 after purchasing an additional 1,017,706 shares during the period. Two Sigma Investments LP purchased a new position in Intuitive Machines in the fourth quarter valued at about $33,255,000. Renaissance Technologies LLC increased its position in Intuitive Machines by 99.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company’s stock worth $22,170,000 after purchasing an additional 609,118 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of Intuitive Machines by 3,991.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company’s stock worth $21,102,000 after purchasing an additional 1,133,581 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Intuitive Machines by 20.5% during the 4th quarter. Geode Capital Management LLC now owns 1,125,005 shares of the company’s stock valued at $20,437,000 after buying an additional 191,733 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines Company Profile

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.