Intuitive Machines (NASDAQ:LUNR) Shares Down 8.8% – What’s Next?

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) dropped 8.8% during mid-day trading on Tuesday . The company traded as low as $10.58 and last traded at $10.56. Approximately 3,634,338 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 9,677,988 shares. The stock had previously closed at $11.58.

Analysts Set New Price Targets

LUNR has been the subject of a number of research reports. Bank of America decreased their price target on shares of Intuitive Machines from $10.50 to $8.50 and set an “underperform” rating for the company in a research note on Monday, August 25th. UBS Group reaffirmed a “buy” rating on shares of Intuitive Machines in a research note on Monday, August 18th. Deutsche Bank Aktiengesellschaft set a $18.00 target price on shares of Intuitive Machines and gave the company a “buy” rating in a research note on Friday, October 17th. Craig Hallum initiated coverage on shares of Intuitive Machines in a research note on Tuesday, July 22nd. They set a “buy” rating and a $17.00 target price for the company. Finally, Roth Capital reaffirmed a “buy” rating on shares of Intuitive Machines in a research note on Tuesday. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.70.

Intuitive Machines Trading Down 9.7%

The company has a market capitalization of $1.87 billion, a PE ratio of -3.22 and a beta of 1.42. The business’s fifty day moving average is $10.62 and its two-hundred day moving average is $10.54.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.05). The company had revenue of $50.31 million for the quarter, compared to the consensus estimate of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Institutional Investors Weigh In On Intuitive Machines

Large investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its position in Intuitive Machines by 27.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 140,208 shares of the company’s stock worth $1,045,000 after purchasing an additional 30,447 shares during the period. Swiss National Bank bought a new stake in Intuitive Machines in the 1st quarter worth approximately $1,203,000. ARK Investment Management LLC grew its position in Intuitive Machines by 56.1% in the 2nd quarter. ARK Investment Management LLC now owns 1,158,775 shares of the company’s stock worth $12,596,000 after purchasing an additional 416,337 shares during the period. Palisades Investment Partners LLC bought a new stake in Intuitive Machines in the 1st quarter worth approximately $2,993,000. Finally, Jump Financial LLC bought a new stake in Intuitive Machines in the 1st quarter worth approximately $1,900,000. Institutional investors 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.