Intuitive Machines (NASDAQ:LUNR) Trading Down 1.3%

Intuitive Machines, Inc. (NASDAQ:LUNR)’s stock price was down 1.3% during trading on Wednesday . The stock traded as low as $5.33 and last traded at $5.43. Approximately 589,471 shares changed hands during trading, a decline of 93% from the average daily volume of 8,413,569 shares. The stock had previously closed at $5.50.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LUNR shares. Benchmark reissued a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Thursday, April 4th. Roth Mkm reissued a “buy” rating and set a $15.00 target price on shares of Intuitive Machines in a research report on Thursday, April 4th. Finally, Cantor Fitzgerald decreased their target price on shares of Intuitive Machines from $13.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd.

Intuitive Machines Price Performance

The firm has a market capitalization of $662.41 million, a PE ratio of 2.20 and a beta of 0.23. The firm’s fifty day moving average is $6.03 and its two-hundred day moving average is $4.11.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings results on Monday, March 25th. The company reported ($0.11) earnings per share 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 business had revenue of $30.56 million for the quarter, compared to analysts’ expectations of $17.70 million. As a group, equities research analysts predict that Intuitive Machines, Inc. will post -0.48 EPS for the current fiscal year.

Insider Buying and Selling at Intuitive Machines

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 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 in the company, valued at $11,711,030.27. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 78.93% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. purchased a new position in Intuitive Machines in the third quarter valued at about $1,369,000. Janney Montgomery Scott LLC purchased a new stake in shares of Intuitive Machines during the 3rd quarter valued at approximately $365,000. Inscription Capital LLC purchased a new stake in shares of Intuitive Machines during the 1st quarter valued at approximately $304,000. Tealwood Asset Management Inc. purchased a new stake in shares of Intuitive Machines during the 1st quarter valued at approximately $131,000. Finally, Sanders Morris Harris LLC purchased a new stake in shares of Intuitive Machines during the 1st quarter valued at approximately $119,000. 72.21% of the stock is currently owned by hedge funds and other 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.