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 were traded during trading, a decline of 62% from the average daily volume of 9,677,988 shares. The stock had previously closed at $11.58.

Analyst Upgrades and Downgrades

LUNR has been the subject of a number of recent research reports. Stifel Nicolaus initiated coverage on shares of Intuitive Machines in a research report on Monday. They set a “buy” rating and a $18.00 price objective for the company. Zacks Research raised shares of Intuitive Machines to a “strong sell” rating in a research report on Monday, August 11th. Canaccord Genuity Group cut their price objective on shares of Intuitive Machines from $19.00 to $18.50 and set a “buy” rating for the company in a research report on Tuesday, August 19th. Craig Hallum initiated coverage on shares of Intuitive Machines in a research report on Tuesday, July 22nd. They set a “buy” rating and a $17.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft set a $18.00 price objective on shares of Intuitive Machines and gave the company a “buy” rating in a research report on Friday, October 17th. Ten research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Intuitive Machines currently has an average rating of “Moderate Buy” and a consensus target price of $15.70.

Intuitive Machines Trading Down 9.7%

The business’s 50 day moving average is $10.62 and its two-hundred day moving average is $10.54. The company has a market cap of $1.87 billion, a PE ratio of -3.22 and a beta of 1.42.

Intuitive Machines (NASDAQ:LUNR) last released its earnings results 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 predict that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Institutional Trading of Intuitive Machines

Several hedge funds have recently bought and sold shares of LUNR. Vontobel Holding Ltd. purchased a new stake in Intuitive Machines in the 1st quarter worth $136,000. Teacher Retirement System of Texas purchased a new stake in Intuitive Machines in the 1st quarter worth $91,000. Bank of New York Mellon Corp lifted its stake in Intuitive Machines by 43.4% in the 1st quarter. Bank of New York Mellon Corp now owns 101,440 shares of the company’s stock worth $756,000 after purchasing an additional 30,700 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new stake in Intuitive Machines in the 1st quarter worth $173,000. Finally, Penserra Capital Management LLC lifted its stake in Intuitive Machines by 59.6% in the 1st quarter. Penserra Capital Management LLC now owns 318,408 shares of the company’s stock worth $2,372,000 after purchasing an additional 118,894 shares in the last quarter. Hedge funds and other 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.