Intuitive Machines (NASDAQ:LUNR) Shares Gap Down - Should You Sell?

Key Points

• Intuitive Machines shares fell from $10.49 to $9.29 before the market opened, with a last trading price of $9.11, marking a significant 14.2% drop.
• Analysts have provided mixed insights, with Roth Capital maintaining a "buy" rating, while Bank of America downgraded the stock to "underperform" with a reduced target price of $10.50.
• The company reported a quarterly loss of ($0.11) earnings per share, missing expectations, and had revenue of $50.31 million, which was below estimates of $69.19 million.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $10.49, but opened at $9.29. Intuitive Machines shares last traded at $9.11, with a volume of 9,575,798 shares.

Analyst Ratings Changes

Several research firms have commented on LUNR. Craig Hallum assumed 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. Roth Capital reaffirmed a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, May 13th. Zacks Research upgraded shares of Intuitive Machines to a "strong sell" rating in a research report on Monday, August 11th. UBS Group restated a "buy" rating on shares of Intuitive Machines in a report on Monday. Finally, Barclays started coverage on shares of Intuitive Machines in a research note on Thursday, May 22nd. They set a "neutral" rating for the company. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Intuitive Machines presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.30.

Intuitive Machines Trading Down 4.3%

The firm has a fifty day simple moving average of $10.84 and a 200 day simple moving average of $11.11.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.05). The business had revenue of $50.31 million during the quarter, compared to analyst estimates of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Activity at Intuitive Machines

In other news, Director Kamal Seyed Ghaffarian sold 40,254 shares of the company's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $13.49, for a total value of $543,026.46. Following the completion of the sale, the director owned 3,494,768 shares of the company's stock, valued at approximately $47,144,420.32. This represents a 1.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 201,270 shares of company stock valued at $2,481,659. Insiders own 39.75% of the company's stock.

Institutional Trading of Intuitive Machines

Several hedge funds and other institutional investors have recently bought and sold shares of LUNR. Palisades Investment Partners LLC bought a new position in shares of Intuitive Machines during the 1st quarter worth approximately $2,993,000. Bank of America Corp DE raised its stake in shares of Intuitive Machines by 209.0% in the fourth quarter. Bank of America Corp DE now owns 57,192 shares of the company's stock worth $1,039,000 after purchasing an additional 38,684 shares during the last quarter. ARK Investment Management LLC purchased a new stake in shares of Intuitive Machines in the 1st quarter valued at $5,531,000. Hussman Strategic Advisors Inc. acquired a new stake in Intuitive Machines during the 1st quarter worth about $1,095,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in Intuitive Machines during the 1st quarter worth about $1,935,000. 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.