Intuitive Machines (NASDAQ:LUNR) Shares Down 4.2%

Intuitive Machines, Inc. (NASDAQ:LUNR)’s share price was down 4.2% during mid-day trading on Tuesday . The stock traded as low as $5.27 and last traded at $5.28. Approximately 532,432 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 8,082,115 shares. The stock had previously closed at $5.51.

Analysts Set New Price Targets

LUNR has been the subject of a number of research reports. Cantor Fitzgerald decreased their price objective on Intuitive Machines from $13.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Roth Mkm reiterated a “buy” rating and issued a $15.00 price objective on shares of Intuitive Machines in a research note on Thursday, April 4th. Finally, Benchmark reiterated a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a research report on Thursday, April 4th.

Intuitive Machines Stock Performance

The firm has a 50-day simple moving average of $5.76 and a two-hundred day simple moving average of $4.15. The company has a market capitalization of $629.47 million, a price-to-earnings ratio of 2.09 and a beta of 0.34.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Monday, March 25th. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The firm had revenue of $30.56 million for the quarter, compared to the consensus estimate of $17.70 million. Intuitive Machines had a negative return on equity of 2.04% and a net margin of 78.98%. On average, sell-side analysts forecast that Intuitive Machines, Inc. will post -0.48 earnings per share for the current year.

Insider Activity

In other Intuitive Machines news, major shareholder Guy Shanon sold 123,717 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $8.99, for a total value of $1,112,215.83. Following the completion of the sale, the insider now owns 1,302,673 shares of the company’s stock, valued at $11,711,030.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 78.93% of the stock is owned by insiders.

Hedge Funds Weigh In On Intuitive Machines

A number of institutional investors have recently modified their holdings of LUNR. Hemington Wealth Management acquired a new position in Intuitive Machines in the 4th quarter valued at $26,000. Solstein Capital LLC bought a new position in Intuitive Machines in the 1st quarter worth approximately $44,000. Sanders Morris Harris LLC acquired a new position in shares of Intuitive Machines during the first quarter worth approximately $119,000. Tealwood Asset Management Inc. bought a new stake in shares of Intuitive Machines in the first quarter valued at approximately $131,000. Finally, Inscription Capital LLC acquired a new stake in shares of Intuitive Machines in the first quarter worth $304,000. Institutional investors 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.