Intuitive Machines (NASDAQ:LUNR) Trading Down 1.3%

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LUNR shares. Roth Mkm reiterated a “buy” rating and issued a $15.00 target price on shares of Intuitive Machines in a research note on Thursday, April 4th. Cantor Fitzgerald dropped their price objective 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. Finally, Benchmark restated 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 Stock Performance

The firm’s 50-day moving average is $6.03 and its two-hundred day moving average is $4.11. The stock has a market cap of $662.41 million, a P/E ratio of 2.20 and a beta of 0.23.

Intuitive Machines (NASDAQ:LUNR) last released its earnings results 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 analyst estimates of $17.70 million. As a group, research analysts forecast that Intuitive Machines, Inc. will post -0.48 EPS for the current year.

Insider Activity at Intuitive Machines

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 transaction of $1,112,215.83. Following the completion of the transaction, the insider now directly owns 1,302,673 shares in the company, valued at approximately $11,711,030.27. The transaction was disclosed in a document filed with the SEC, which is available at this link. 78.93% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Intuitive Machines

A number of large investors have recently modified their holdings of LUNR. Solstein Capital LLC acquired a new stake in Intuitive Machines in the 1st quarter valued at about $44,000. Hemington Wealth Management acquired a new stake in Intuitive Machines in the 4th quarter valued at about $26,000. Sanders Morris Harris LLC acquired a new stake in Intuitive Machines in the 1st quarter valued at about $119,000. Tealwood Asset Management Inc. acquired a new stake in Intuitive Machines in the 1st quarter valued at about $131,000. Finally, Inscription Capital LLC acquired a new stake in Intuitive Machines in the 1st quarter valued at about $304,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.