Intuitive Machines (NASDAQ:LUNR) Trading 2.5% Higher

Intuitive Machines, Inc. (NASDAQ:LUNR)’s share price traded up 2.5% on Tuesday . The company 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.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Cantor Fitzgerald reduced their target price 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. Roth Mkm reiterated a “buy” rating and set a $15.00 price target on shares of Intuitive Machines in a report on Thursday, April 4th. Finally, Benchmark reissued a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research report on Thursday, April 4th.

Intuitive Machines Trading Down 0.9 %

The company has a market capitalization of $664.85 million, a PE ratio of 2.21 and a beta of 0.23. The firm’s 50-day simple moving average is $6.06 and its 200-day simple moving average is $4.10.

Intuitive Machines (NASDAQ:LUNR) last announced 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 firm had revenue of $30.56 million during the quarter, compared to analysts’ expectations of $17.70 million. As a group, analysts anticipate that Intuitive Machines, Inc. will post -0.48 EPS for the current year.

Insider Transactions at Intuitive Machines

In other news, major shareholder Guy Shanon sold 123,717 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 1,302,673 shares of the company’s stock, valued at approximately $11,711,030.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 78.93% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

Hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new stake in Intuitive Machines during the third quarter valued at approximately $365,000. Nomura Holdings Inc. acquired a new position in Intuitive Machines during the 3rd quarter valued at approximately $1,369,000. Hemington Wealth Management acquired a new position in Intuitive Machines during the 4th quarter valued at approximately $26,000. Sanders Morris Harris LLC acquired a new position in Intuitive Machines during the 1st quarter valued at approximately $119,000. Finally, Inscription Capital LLC acquired a new position in Intuitive Machines during the 1st quarter valued at approximately $304,000. Hedge funds and other institutional investors 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.