Intuitive Machines (NASDAQ:LUNR) Shares Up 6.6% - Time to Buy?

Key Points

• Intuitive Machines' stock surged by 6.6% to close at $13.58, despite a significant decline in trading volume compared to its average session.
• Currently, the consensus rating for Intuitive Machines is "Hold," with a price target averaging at $15.44, as reported by multiple analysts.
• Recent quarterly earnings revealed a loss of ($0.11) EPS, falling short of expectations, and revenues of $50.31 million, also below the consensus estimate of $69.19 million.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s stock price shot up 6.6% during trading on Friday . The company traded as high as $13.46 and last traded at $13.58. 3,750,389 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 9,776,141 shares. The stock had previously closed at $12.74.

Analyst Upgrades and Downgrades

A number of research firms have commented on LUNR. Weiss Ratings restated a "sell (d-)" rating on shares of Intuitive Machines in a research report on Wednesday. UBS Group restated a "buy" rating on shares of Intuitive Machines in a research report on Monday, August 18th. Canaccord Genuity Group reduced their target price on Intuitive Machines from $19.00 to $18.50 and set a "buy" rating on the stock in a research report on Tuesday, August 19th. Craig Hallum began coverage on Intuitive Machines in a research report on Tuesday, July 22nd. They issued a "buy" rating and a $17.00 target price on the stock. Finally, Bank of America cut their price objective on Intuitive Machines from $10.50 to $8.50 and set an "underperform" rating on the stock in a report on Monday, August 25th. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Intuitive Machines has a consensus rating of "Hold" and a consensus price target of $15.44.

Intuitive Machines Trading Up 3.9%

The company has a fifty day simple moving average of $9.74 and a two-hundred day simple moving average of $9.96. The company has a market cap of $2.37 billion, a PE ratio of -4.10 and a beta of 1.41.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its quarterly 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 the consensus estimate of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 40,254 shares of the company's stock in a transaction dated 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 $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 available through this link. 39.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intuitive Machines

Large investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its holdings in Intuitive Machines by 27.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 140,208 shares of the company's stock worth $1,045,000 after purchasing an additional 30,447 shares during the period. Swiss National Bank acquired a new position in shares of Intuitive Machines during the 1st quarter worth about $1,203,000. Palisades Investment Partners LLC acquired a new position in shares of Intuitive Machines during the 1st quarter worth about $2,993,000. Jump Financial LLC acquired a new position in shares of Intuitive Machines during the 1st quarter worth about $1,900,000. Finally, ARK Investment Management LLC acquired a new position in shares of Intuitive Machines during the 1st quarter worth about $5,531,000. Hedge funds and other 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.

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