Intuitive Machines (NASDAQ:LUNR) Shares Up 6.5% - What's Next?

Key Points

• Intuitive Machines shares rose 6.5% to $11.30, despite a significant decrease in trading volume, with approximately 2.47 million shares changing hands, down 75% from the average daily volume.
• Analysts have mixed ratings on LUNR, with a consensus average rating of "Moderate Buy" and a price target of $15.44, but significant variations exist in specific targets set by different firms.
• For the last quarter, Intuitive Machines reported a loss of ($0.11) EPS, missing expectations, and projected future earnings guidance, while insiders have sold a notable amount of stock recently.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) shares were up 6.5% during trading on Thursday . The company traded as high as $11.38 and last traded at $11.30. Approximately 2,472,717 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 9,774,455 shares. The stock had previously closed at $10.61.

Analysts Set New Price Targets

LUNR has been the topic of several research reports. UBS Group restated a "buy" rating on shares of Intuitive Machines in a research report on Monday, August 18th. Zacks Research upgraded shares of Intuitive Machines to a "strong sell" rating in a report on Monday, August 11th. Bank of America reduced their target price on shares of Intuitive Machines from $10.50 to $8.50 and set an "underperform" rating on the stock in a research report on Monday, August 25th. Canaccord Genuity Group decreased their price target on shares of Intuitive Machines from $19.00 to $18.50 and set a "buy" rating for the company in a research note on Tuesday, August 19th. Finally, Craig Hallum started coverage on shares of Intuitive Machines in a research note on Tuesday, July 22nd. They set a "buy" rating and a $17.00 price objective on the stock. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Intuitive Machines currently has an average rating of "Moderate Buy" and an average target price of $15.44.

Intuitive Machines Trading Up 6.5%

The stock's 50 day moving average is $9.77 and its 200-day moving average is $9.78. The company has a market cap of $2.02 billion, a P/E ratio of -3.49 and a beta of 1.41.

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

Insider Transactions at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 80,508 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $12.05, for a total transaction of $970,121.40. Following the sale, the director directly owned 3,494,768 shares in the company, valued at approximately $42,111,954.40. This trade represents a 2.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 161,016 shares of company stock valued at $1,997,001. Corporate insiders own 39.75% of the company's stock.

Institutional Investors Weigh In On Intuitive Machines

Several large investors have recently bought and sold shares of LUNR. Philadelphia Trust Co. grew its holdings in shares of Intuitive Machines by 10.0% in the first quarter. Philadelphia Trust Co. now owns 11,000 shares of the company's stock worth $82,000 after acquiring an additional 1,000 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Intuitive Machines by 35.6% in the second quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company's stock valued at $47,000 after acquiring an additional 1,127 shares during the period. Tower Research Capital LLC TRC boosted its position in Intuitive Machines by 12.5% in the second 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 last quarter. Golden State Wealth Management LLC grew 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 valued at $30,000 after purchasing an additional 1,800 shares during the period. Finally, Bulltick Wealth Management LLC increased its position 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 valued at $380,000 after purchasing an additional 2,100 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors.

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.

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.