Intuitive Machines (NASDAQ:LUNR) Given Overweight Rating at Cantor Fitzgerald

Intuitive Machines (NASDAQ:LUNR)‘s stock had its “overweight” rating reissued by analysts at Cantor Fitzgerald in a research note issued to investors on Monday, Benzinga reports. They currently have a $10.00 target price on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 167.38% from the company’s previous close.

Several other research analysts have also issued reports on LUNR. Benchmark restated a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a research report on Thursday, April 4th. Canaccord Genuity Group decreased their price objective on shares of Intuitive Machines from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Finally, Roth Mkm decreased their price objective on shares of Intuitive Machines from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th.

Intuitive Machines Stock Down 3.6 %

Intuitive Machines stock traded down $0.14 during mid-day trading on Monday, hitting $3.74. The company’s stock had a trading volume of 1,328,252 shares, compared to its average volume of 6,383,647. The stock has a market capitalization of $466.12 million, a P/E ratio of 9.17 and a beta of 0.32. Intuitive Machines has a twelve month low of $2.09 and a twelve month high of $13.25. The stock’s fifty day moving average price is $5.12 and its two-hundred day moving average price is $4.62.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Tuesday, May 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.07). The business had revenue of $73.07 million during the quarter, compared to analyst estimates of $45.00 million. Intuitive Machines had a negative return on equity of 2.04% and a negative net margin of 19.48%. During the same quarter last year, the firm posted ($0.24) EPS. Equities analysts expect that Intuitive Machines will post -0.05 earnings per share for the current year.

Hedge Funds Weigh In On Intuitive Machines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Intuitive Machines by 250.0% in the 1st quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock worth $3,758,000 after purchasing an additional 429,531 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of Intuitive Machines during the 3rd quarter valued at $1,369,000. Janney Montgomery Scott LLC acquired a new stake in shares of Intuitive Machines during the 3rd quarter valued at $365,000. Inscription Capital LLC acquired a new stake in shares of Intuitive Machines during the 1st quarter valued at $304,000. Finally, Tealwood Asset Management Inc. acquired a new stake in shares of Intuitive Machines during the 1st quarter valued at $131,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

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.