Intuitive Machines (NASDAQ:LUNR) Trading Down 1.3%

Intuitive Machines, Inc. (NASDAQ:LUNR)’s share price fell 1.3% on Wednesday . The company traded as low as $5.33 and last traded at $5.43. 589,471 shares changed hands during trading, a decline of 93% from the average session volume of 8,413,569 shares. The stock had previously closed at $5.50.

Analyst Ratings Changes

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

Intuitive Machines Stock Down 0.9 %

The firm has a market capitalization of $664.85 million, a price-to-earnings ratio of 2.21 and a beta of 0.23. The business has a 50-day moving average price of $6.05 and a 200-day moving average price of $4.09.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings results on Monday, March 25th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 negative return on equity of 2.04% and a net margin of 78.98%. On average, equities research analysts forecast that Intuitive Machines, Inc. will post -0.48 earnings per share for the current year.

Insider Transactions at Intuitive Machines

In related news, major shareholder Guy Shanon sold 123,717 shares of the firm’s 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 transaction, the insider now directly owns 1,302,673 shares of the company’s stock, valued at approximately $11,711,030.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 78.93% of the company’s stock.

Institutional Inflows and Outflows

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