Intuitive Machines (NASDAQ:LUNR) Stock Price Up 1.2%

Intuitive Machines, Inc. (NASDAQ:LUNR)’s share price rose 1.2% during trading on Thursday . The company traded as high as $5.28 and last traded at $5.22. Approximately 239,249 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 7,940,497 shares. The stock had previously closed at $5.16.

Analyst Upgrades and Downgrades

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

Intuitive Machines Stock Performance

The company has a market capitalization of $629.47 million, a PE ratio of 2.11 and a beta of 0.34. The stock has a 50 day moving average price of $5.76 and a two-hundred day moving average price of $4.15.

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

Insider Buying and Selling

In related news, major shareholder Guy Shanon sold 123,717 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $8.99, for a total transaction of $1,112,215.83. Following the completion of the sale, the insider now directly owns 1,302,673 shares of the company’s stock, valued at approximately $11,711,030.27. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 78.93% of the company’s stock.

Hedge Funds Weigh In On Intuitive Machines

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Solstein Capital LLC bought a new stake in Intuitive Machines in the 1st quarter valued at $44,000. Hemington Wealth Management acquired a new position in shares of Intuitive Machines during the fourth quarter valued at about $26,000. Sanders Morris Harris LLC bought a new stake in shares of Intuitive Machines in the first quarter valued at about $119,000. Tealwood Asset Management Inc. acquired a new stake in Intuitive Machines during the first quarter worth about $131,000. Finally, Inscription Capital LLC acquired a new position in Intuitive Machines in the 1st quarter valued at approximately $304,000. 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.