Intuitive Machines (NASDAQ:LUNR) Trading 2.5% Higher

Intuitive Machines, Inc. (NASDAQ:LUNR)’s share price shot up 2.5% during trading on Tuesday . The stock traded as high as $5.34 and last traded at $5.29. 502,231 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 8,489,801 shares. The stock had previously closed at $5.16.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LUNR. Benchmark reiterated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research report on Thursday, April 4th. Cantor Fitzgerald cut their price objective on shares of Intuitive Machines from $13.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Finally, Roth Mkm reiterated a “buy” rating and set a $15.00 price objective on shares of Intuitive Machines in a report on Thursday, April 4th.

Intuitive Machines Stock Down 0.9 %

The business’s 50 day moving average is $6.06 and its 200-day moving average is $4.10. The firm has a market cap of $664.85 million, a P/E ratio of 2.21 and a beta of 0.23.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Monday, March 25th. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $17.70 million. As a group, equities analysts predict that Intuitive Machines, Inc. will post -0.48 earnings per share for the current year.

Insiders Place Their Bets

In other Intuitive Machines news, major shareholder Guy Shanon sold 123,717 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $8.99, for a total transaction of $1,112,215.83. Following the sale, the insider now owns 1,302,673 shares in the company, valued at approximately $11,711,030.27. The transaction was disclosed in a filing with the SEC, which is available through this link. 78.93% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LUNR. Hemington Wealth Management bought a new stake in Intuitive Machines in the fourth quarter valued at $26,000. Solstein Capital LLC bought a new stake in shares of Intuitive Machines during the first quarter worth $44,000. Sanders Morris Harris LLC bought a new stake in shares of Intuitive Machines during the first quarter worth $119,000. Tealwood Asset Management Inc. bought a new stake in shares of Intuitive Machines during the first quarter worth $131,000. Finally, Inscription Capital LLC bought a new stake in shares of Intuitive Machines during the first quarter worth $304,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.