Intuitive Machines (NASDAQ:LUNR) Stock Falls 3.7% – What’s Next?

Intuitive Machines, Inc. (NASDAQ:LUNR)’s share price fell 3.7% during mid-day trading on Friday. The company traded as low as $13.07 and last traded at $13.19. 7,507,389 shares changed hands during trading, a decline of 37% from the average daily volume of 11,923,196 shares. The stock had previously closed at $13.70.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Cantor Fitzgerald restated an “overweight” rating on shares of Intuitive Machines in a report on Monday, September 21st. Zacks Research upgraded Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a research note on Friday, July 17th. Roth Capital set a $30.00 price objective on Intuitive Machines in a research note on Thursday, August 13th. Finally, Bank of America lifted their target price on Intuitive Machines from $11.00 to $13.00 and gave the stock an “underperform” rating in a report on Monday, August 31st. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.50.

Intuitive Machines Stock Performance

The company has a market capitalization of $3.02 billion, a P/E ratio of -13.88 and a beta of 1.86. The firm’s fifty day moving average is $15.48 and its 200 day moving average is $21.24.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The business had revenue of $206.17 million for the quarter, compared to analyst estimates of $212.32 million. On average, analysts forecast that Intuitive Machines, Inc. will post -0.6 EPS for the current year.

Insiders Place Their Bets

In other news, Director Kamal Ghaffarian sold 1,698 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $16.00, for a total transaction of $27,168.00. Following the completion of the sale, the director directly owned 3,494,768 shares of the company’s stock, valued at approximately $55,916,288. The trade was a 0.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Timothy Crain, II sold 50,000 shares of the company’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $15.05, for a total transaction of $752,500.00. Following the completion of the transaction, the senior vice president owned 351,279 shares in the company, valued at approximately $5,286,748.95. The trade was a 12.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,201,528 shares of company stock valued at $158,629,235 over the last quarter. 54.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intuitive Machines

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its position in shares of Intuitive Machines by 34.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company’s stock worth $52,000 after purchasing an additional 712 shares during the period. Nations Financial Group Inc. IA ADV increased its holdings in Intuitive Machines by 9.9% during the first quarter. Nations Financial Group Inc. IA ADV now owns 11,080 shares of the company’s stock valued at $206,000 after buying an additional 1,000 shares during the period. Nykredit A S bought a new position in Intuitive Machines in the second quarter worth approximately $25,000. The Manufacturers Life Insurance Company raised its stake in Intuitive Machines by 2.4% in the first quarter. The Manufacturers Life Insurance Company now owns 53,679 shares of the company’s stock worth $996,000 after buying an additional 1,235 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Intuitive Machines by 32.9% during the third quarter. Farther Finance Advisors LLC now owns 6,919 shares of the company’s stock worth $99,000 after buying an additional 1,711 shares during the period. Institutional investors own 72.21% of the company’s stock.

Intuitive Machines Company Profile

Intuitive Machines, Inc is a space exploration and infrastructure company headquartered in Houston, Texas. The company develops and operates lunar landers, spacecraft, and related systems designed to deliver payloads to the Moon and support communications, navigation, and other lunar operations.

Its primary product platform is the Nova-C lunar lander, which is designed to transport scientific instruments, technology demonstrations, and commercial payloads to the lunar surface. Intuitive Machines also provides lunar data transmission and satellite communications services, autonomous navigation systems, precision landing technologies, and other products intended to support a broader lunar economy.

Founded in 2013 by Steve Altemus, who serves as president and chief executive officer, Intuitive Machines became a publicly traded company in 2024.