Intuitive Machines (NASDAQ:LUNR) Stock Price Down 3.5%

Intuitive Machines, Inc. (NASDAQ:LUNR) fell 3.5% during mid-day trading on Thursday . The company traded as low as $5.16 and last traded at $5.26. 589,381 shares traded hands during trading, a decline of 93% from the average session volume of 8,327,678 shares. The stock had previously closed at $5.45.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LUNR. Cantor Fitzgerald decreased their price objective 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 reiterated a “buy” rating and issued a $15.00 price target on shares of Intuitive Machines in a report on Thursday, April 4th. Finally, Benchmark reiterated a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Thursday, April 4th.

Intuitive Machines Stock Up 0.2 %

The company has a market cap of $663.63 million, a price-to-earnings ratio of 2.20 and a beta of 0.23. The company’s fifty day moving average price is $6.00 and its two-hundred day moving average price is $4.12.

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

Insider Buying and Selling

In related news, major shareholder Guy Shanon sold 123,717 shares of the stock in a transaction on 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 owns 1,302,673 shares in the company, valued at $11,711,030.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 78.93% of the stock is currently owned by corporate insiders.

Institutional Trading of Intuitive Machines

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new stake in Intuitive Machines during the third quarter worth $365,000. Nomura Holdings Inc. bought a new stake in Intuitive Machines during the third quarter worth $1,369,000. Hemington Wealth Management bought a new stake in Intuitive Machines during the fourth quarter worth $26,000. Sanders Morris Harris LLC bought a new stake in Intuitive Machines during the first quarter worth $119,000. Finally, Inscription Capital LLC bought a new stake in Intuitive Machines during the first quarter worth $304,000. 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.