Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) traded down 4.2% during mid-day trading on Tuesday . The company traded as low as $10.28 and last traded at $10.38. 573,604 shares traded hands during trading, a decline of 96% from the average session volume of 12,757,552 shares. The stock had previously closed at $10.84.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. B. Riley reaffirmed a "buy" rating on shares of Intuitive Machines in a report on Tuesday, March 25th. Barclays started coverage on shares of Intuitive Machines in a report on Thursday, May 22nd. They issued a "neutral" rating on the stock. Roth Mkm dropped their price objective on shares of Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, March 11th. Cantor Fitzgerald raised their price objective on shares of Intuitive Machines from $13.00 to $16.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. Finally, Benchmark reissued a "buy" rating and issued a $16.00 price objective on shares of Intuitive Machines in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Intuitive Machines has a consensus rating of "Moderate Buy" and an average price target of $16.06.
View Our Latest Report on Intuitive Machines
Intuitive Machines Trading Up 0.2%
The company has a market cap of $1.82 billion, a P/E ratio of -3.73 and a beta of 1.47. The business's 50 day simple moving average is $10.07 and its 200 day simple moving average is $13.05.
Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.10). The business had revenue of $62.52 million for the quarter, compared to the consensus estimate of $66.07 million. Sell-side analysts anticipate that Intuitive Machines, Inc. will post 0.73 EPS for the current year.
Insider Activity
In other news, Director Kamal Seyed Ghaffarian sold 161,016 shares of Intuitive Machines stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $12.10, for a total transaction of $1,948,293.60. Following the sale, the director now owns 3,494,768 shares in the company, valued at $42,286,692.80. This trade represents a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Peter Mcgrath sold 72,168 shares of Intuitive Machines stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $12.00, for a total transaction of $866,016.00. Following the sale, the chief financial officer now owns 366,824 shares in the company, valued at approximately $4,401,888. The trade was a 16.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 311,344 shares of company stock worth $3,591,223 over the last quarter. Insiders own 39.75% of the company's stock.
Institutional Investors Weigh In On Intuitive Machines
Large investors have recently bought and sold shares of the business. Quarry LP bought a new stake in Intuitive Machines in the fourth quarter worth $44,000. Rossby Financial LCC bought a new stake in Intuitive Machines in the first quarter worth $67,000. Jones Financial Companies Lllp increased its position in Intuitive Machines by 751.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock worth $70,000 after purchasing an additional 3,381 shares during the last quarter. Sigma Planning Corp bought a new stake in Intuitive Machines in the first quarter worth $78,000. Finally, Park Avenue Securities LLC bought a new stake in Intuitive Machines in the first quarter worth $81,000. Institutional investors own 72.21% of the company's stock.
About Intuitive Machines
(
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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.
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