Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) shares were up 8.8% on Friday . The stock traded as high as $9.42 and last traded at $9.38. Approximately 1,981,843 shares changed hands during trading, a decline of 84% from the average daily volume of 12,656,771 shares. The stock had previously closed at $8.62.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Intuitive Machines in a research report on Tuesday, February 25th. They issued a "hold" rating and a $18.00 price objective on the stock. Bank of America initiated coverage on Intuitive Machines in a report on Wednesday, February 5th. They set an "underperform" rating and a $16.00 price target on the stock. Canaccord Genuity Group dropped their price objective on Intuitive Machines from $22.00 to $21.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Cantor Fitzgerald reduced their target price on Intuitive Machines from $15.00 to $13.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 25th. Finally, B. Riley reaffirmed a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Intuitive Machines currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.00.
Get Our Latest Report on LUNR
Intuitive Machines Trading Down 1.2 %
The company has a market cap of $1.60 billion, a PE ratio of -3.04 and a beta of 1.32. The stock has a 50 day moving average price of $8.52 and a 200 day moving average price of $13.04.
Intuitive Machines (NASDAQ:LUNR - Get Free Report) last announced its quarterly earnings data on Tuesday, March 25th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.12. The firm had revenue of $54.66 million for the quarter, compared to analysts' expectations of $72.58 million. Equities analysts expect that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.
Insider Activity at Intuitive Machines
In other Intuitive Machines news, CFO Peter Mcgrath sold 37,906 shares of Intuitive Machines stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $7.71, for a total transaction of $292,255.26. Following the completion of the transaction, the chief financial officer now owns 438,992 shares in the company, valued at approximately $3,384,628.32. The trade was a 7.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven Vontur sold 4,528 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the completion of the sale, the insider now directly owns 104,272 shares in the company, valued at approximately $2,043,731.20. This represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 73.68% of the stock is currently owned by corporate insiders.
Institutional Trading of Intuitive Machines
Several institutional investors have recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of Intuitive Machines during the fourth quarter valued at approximately $44,000. Rossby Financial LCC purchased a new position in shares of Intuitive Machines in the first quarter worth approximately $67,000. Jones Financial Companies Lllp raised 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 acquiring an additional 3,381 shares during the period. Sigma Planning Corp purchased a new position in shares of Intuitive Machines during the 1st quarter worth $78,000. Finally, Park Avenue Securities LLC bought a new stake in shares of Intuitive Machines during the 1st quarter valued at $81,000. 72.21% of the stock is owned by hedge funds and other institutional investors.
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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