Intuitive Machines (NASDAQ:LUNR) Trading Down 0.2%

Intuitive Machines, Inc. (NASDAQ:LUNR) was down 0.2% on Friday . The stock traded as low as $5.35 and last traded at $5.42. Approximately 588,883 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 8,242,401 shares. The stock had previously closed at $5.43.

Analyst Ratings Changes

A number of brokerages have commented on LUNR. Benchmark reissued a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a report on Thursday, April 4th. Roth Mkm reissued a “buy” rating and issued a $15.00 price target on shares of Intuitive Machines in a research report on Thursday, April 4th. Finally, Cantor Fitzgerald lowered their target price on shares of Intuitive Machines from $13.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, March 22nd.

Intuitive Machines Trading Up 0.2 %

The stock has a market capitalization of $663.63 million, a P/E ratio of 2.20 and a beta of 0.23. The stock’s 50-day moving average price is $6.03 and its two-hundred day moving average price is $4.11.

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

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, major shareholder Guy Shanon sold 123,717 shares of the firm’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 transaction, the insider now owns 1,302,673 shares in the company, valued at approximately $11,711,030.27. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 78.93% of the company’s stock.

Institutional Trading of Intuitive Machines

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hemington Wealth Management bought a new stake in Intuitive Machines during the fourth quarter valued at $26,000. Solstein Capital LLC bought a new stake in Intuitive Machines during the first quarter valued at approximately $44,000. Sanders Morris Harris LLC bought a new position in shares of Intuitive Machines in the 1st quarter worth $119,000. Tealwood Asset Management Inc. purchased a new stake in shares of Intuitive Machines during the 1st quarter valued at $131,000. Finally, Inscription Capital LLC purchased a new stake in shares of Intuitive Machines during the 1st quarter valued at $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.