Intuitive Machines (NASDAQ:LUNR) Shares Gap Up - What's Next?

Key Points

• Intuitive Machines' stock (NASDAQ:LUNR) gapped up from a previous close of $11.83 to open at $12.32, last trading at $12.13 with a volume of over 3 million shares.
• Analysts have issued mixed ratings on LUNR; with Craig Hallum assigning a "buy" rating and a price target of $17.00, while Zacks downgraded it to a "strong sell".
• The company reported a revenue of $50.31 million for the last quarter, falling short of expectations of $69.19 million, alongside an EPS of ($0.11), missing the consensus of ($0.06).

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $11.83, but opened at $12.32. Intuitive Machines shares last traded at $12.13, with a volume of 3,118,360 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently commented on LUNR shares. Craig Hallum started coverage on Intuitive Machines in a research note on Tuesday, July 22nd. They set a "buy" rating and a $17.00 price target on the stock. Zacks Research raised Intuitive Machines to a "strong sell" rating in a research note on Monday, August 11th. Bank of America decreased their price target on Intuitive Machines from $10.50 to $8.50 and set an "underperform" rating on the stock in a research note on Monday, August 25th. Canaccord Genuity Group decreased their price target on Intuitive Machines from $19.00 to $18.50 and set a "buy" rating on the stock in a research note on Tuesday, August 19th. Finally, UBS Group reissued a "buy" rating on shares of Intuitive Machines in a research note on Monday, August 18th. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Intuitive Machines presently has a consensus rating of "Hold" and an average target price of $15.44.

Intuitive Machines Stock Performance

The business has a fifty day simple moving average of $9.92 and a 200 day simple moving average of $10.11. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of -3.79 and a beta of 1.41.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.05). The business had revenue of $50.31 million during the quarter, compared to analysts' expectations of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 40,254 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $13.49, for a total transaction of $543,026.46. Following the sale, the director owned 3,494,768 shares in the company, valued at approximately $47,144,420.32. This represents a 1.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 39.75% of the company's stock.

Institutional Investors Weigh In On Intuitive Machines

A number of large investors have recently bought and sold shares of the stock. Philadelphia Trust Co. lifted its stake in shares of Intuitive Machines by 10.0% during the 1st quarter. Philadelphia Trust Co. now owns 11,000 shares of the company's stock worth $82,000 after purchasing an additional 1,000 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Intuitive Machines by 35.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company's stock worth $47,000 after purchasing an additional 1,127 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Intuitive Machines by 12.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,478 shares of the company's stock worth $147,000 after purchasing an additional 1,499 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of Intuitive Machines by 180.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company's stock worth $30,000 after purchasing an additional 1,800 shares during the period. Finally, Bulltick Wealth Management LLC lifted its stake in shares of Intuitive Machines by 6.4% during the 2nd quarter. Bulltick Wealth Management LLC now owns 35,000 shares of the company's stock worth $380,000 after purchasing an additional 2,100 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.