Intuitive Machines (NASDAQ:LUNR) Shares Down 1.6%

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) were down 1.6% on Monday . The company traded as low as $4.91 and last traded at $4.93. Approximately 610,240 shares were traded during trading, a decline of 91% from the average daily volume of 6,749,851 shares. The stock had previously closed at $5.01.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 target price on shares of Intuitive Machines in a research report on Tuesday, May 28th. Canaccord Genuity Group dropped their price objective on shares of Intuitive Machines from $14.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Roth Mkm dropped their price objective on shares of Intuitive Machines from $15.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Finally, Benchmark reiterated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Thursday, April 4th.

Intuitive Machines Stock Performance

The business’s fifty day moving average is $5.42 and its 200-day moving average is $4.55. The firm has a market cap of $587.01 million, a P/E ratio of 11.68 and a beta of 0.32.

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

Institutional Trading of Intuitive Machines

Several large investors have recently modified their holdings of LUNR. Janney Montgomery Scott LLC acquired a new stake in shares of Intuitive Machines during the 3rd quarter worth approximately $365,000. Nomura Holdings Inc. acquired a new stake in Intuitive Machines in the 3rd quarter valued at $1,369,000. Hemington Wealth Management acquired a new stake in Intuitive Machines in the 4th quarter valued at $26,000. Inscription Capital LLC bought a new stake in shares of Intuitive Machines during the first quarter worth about $304,000. Finally, Tealwood Asset Management Inc. acquired a new stake in shares of Intuitive Machines in the 1st quarter worth about $131,000. Institutional investors and hedge funds 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.