Intuitive Machines (NASDAQ:LUNR) Trading Up 0.6%

Intuitive Machines, Inc. (NASDAQ:LUNR) shot up 0.6% on Wednesday . The company traded as high as $5.14 and last traded at $5.09. 685,428 shares were traded during mid-day trading, a decline of 91% from the average session volume of 8,011,111 shares. The stock had previously closed at $5.06.

Analyst Upgrades and Downgrades

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

Intuitive Machines Trading Up 7.9 %

The stock has a market capitalization of $679.48 million, a P/E ratio of 2.26 and a beta of 0.34. The stock’s 50 day simple moving average is $5.70 and its 200 day simple moving average is $4.16.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly 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. Intuitive Machines had a net margin of 78.98% and a negative return on equity of 2.04%. The business had revenue of $30.56 million for the quarter, compared to analysts’ expectations of $17.70 million. On average, sell-side analysts expect that Intuitive Machines, Inc. will post -0.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Guy Shanon sold 123,717 shares of Intuitive Machines stock in a transaction dated Thursday, February 22nd. The shares were 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 directly owns 1,302,673 shares of the company’s stock, valued at approximately $11,711,030.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 78.93% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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