Intuitive Machines (NASDAQ:LUNR) Trading Down 10% - Should You Sell?

Key Points

• Intuitive Machines' stock (NASDAQ:LUNR) dropped 10% to around $11.41, following a trading volume decline of 71% from the average.
• Analysts have mixed ratings for the stock, with a consensus price target of $15.44 and a majority rating it as a "Buy."
• Intuitive Machines reported a loss of ($0.11) EPS against expectations, with revenue also below analyst forecasts at $50.31 million.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) dropped 10% during trading on Wednesday . The company traded as low as $11.40 and last traded at $11.41. Approximately 2,899,262 shares were traded during trading, a decline of 71% from the average daily volume of 9,829,276 shares. The stock had previously closed at $12.68.

Wall Street Analyst Weigh In

LUNR has been the topic of a number of research analyst reports. Craig Hallum initiated 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. UBS Group restated a "buy" rating on shares of Intuitive Machines in a research report on Monday, August 18th. Deutsche Bank Aktiengesellschaft set a $18.00 price target on shares of Intuitive Machines and gave the stock a "buy" rating in a research report on Friday, October 17th. Bank of America reduced their price target 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. Finally, Canaccord Genuity Group reduced their price target on shares of Intuitive Machines from $19.00 to $18.50 and set a "buy" rating on the stock in a research report on Tuesday, August 19th. Nine investment 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's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $15.44.

Intuitive Machines Trading Down 14.1%

The stock has a market capitalization of $1.95 billion, a P/E ratio of -3.37 and a beta of 1.41. The company's 50-day moving average is $10.08 and its two-hundred day moving average is $10.23.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.11) 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 analysts' expectations of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. Sell-side analysts expect 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 firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $13.49, for a total transaction of $543,026.46. Following the transaction, the director owned 3,494,768 shares of the company's stock, valued at approximately $47,144,420.32. This trade represents a 1.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 39.75% of the company's stock.

Hedge Funds Weigh In On Intuitive Machines

Several hedge funds have recently made changes to their positions in the business. Tealwood Asset Management Inc. increased its position in shares of Intuitive Machines by 4.4% in the third quarter. Tealwood Asset Management Inc. now owns 21,250 shares of the company's stock worth $224,000 after acquiring an additional 900 shares in the last quarter. Philadelphia Trust Co. increased its position 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 in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Intuitive Machines by 35.6% in the second quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company's stock worth $47,000 after acquiring an additional 1,127 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of 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 acquiring an additional 1,499 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its position in shares of Intuitive Machines by 180.0% in the second quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company's stock worth $30,000 after acquiring an additional 1,800 shares in the last quarter. 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.