Intuitive Machines (NASDAQ:LUNR) Trading Up 4.3%

Intuitive Machines, Inc. (NASDAQ:LUNR)’s share price was up 4.3% on Tuesday . The stock traded as high as $5.14 and last traded at $5.07. Approximately 1,059,379 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 8,945,361 shares. The stock had previously closed at $4.86.

Wall Street Analysts Forecast Growth

LUNR has been the subject of several recent research reports. Cantor Fitzgerald reduced their target price on shares of Intuitive Machines from $13.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Roth Mkm restated a “buy” rating and set a $15.00 target price on shares of Intuitive Machines in a report on Thursday, April 4th. Finally, Benchmark restated a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a report on Thursday, April 4th.

Intuitive Machines Price Performance

The company’s 50-day simple moving average is $6.01 and its 200-day simple moving average is $4.05. The stock has a market capitalization of $611.17 million, a P/E ratio of 2.03 and a beta of 0.23.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Monday, March 25th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.01. Intuitive Machines had a net margin of 78.98% and a negative return on equity of 2.04%. The firm had revenue of $30.56 million for the quarter, compared to analyst estimates of $17.70 million. On average, analysts forecast that Intuitive Machines, Inc. will post -0.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Guy Shanon sold 123,717 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $8.99, for a total value of $1,112,215.83. Following the transaction, the insider now directly owns 1,302,673 shares of the company’s stock, valued at $11,711,030.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 78.93% of the company’s stock.

Hedge Funds Weigh In On Intuitive Machines

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Intuitive Machines by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 171,823 shares of the company’s stock valued at $439,000 after purchasing an additional 4,387 shares during the period. Hemington Wealth Management bought a new position in shares of Intuitive Machines in the fourth quarter valued at about $26,000. State Street Corp bought a new position in shares of Intuitive Machines in the second quarter valued at about $111,000. Sanders Morris Harris LLC bought a new position in shares of Intuitive Machines in the first quarter valued at about $119,000. Finally, Tealwood Asset Management Inc. bought a new position in shares of Intuitive Machines in the first quarter valued at about $131,000. 72.21% of the stock is owned by institutional investors.

About Intuitive Machines

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.