Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) - Analysts at Roth Capital increased their Q2 2024 earnings per share estimates for Intuitive Machines in a research note issued on Tuesday, May 14th. Roth Capital analyst S. Desilva now forecasts that the company will post earnings of ($0.03) per share for the quarter, up from their prior estimate of ($0.13). The consensus estimate for Intuitive Machines' current full-year earnings is ($0.48) per share. Roth Capital also issued estimates for Intuitive Machines' Q3 2024 earnings at ($0.02) EPS, Q4 2024 earnings at $0.01 EPS, Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at $0.00 EPS, Q3 2025 earnings at $0.01 EPS, Q4 2025 earnings at $0.02 EPS and FY2025 earnings at $0.03 EPS.
LUNR has been the topic of several other reports. Canaccord Genuity Group cut their price objective on Intuitive Machines from $14.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday. Benchmark reissued a "buy" rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Thursday, April 4th. Roth Mkm lowered their price target on shares of Intuitive Machines from $15.00 to $10.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday.
Read Our Latest Stock Analysis on LUNR
Intuitive Machines Stock Down 3.2 %
Shares of LUNR stock traded down $0.17 during mid-day trading on Friday, reaching $5.14. The company's stock had a trading volume of 1,473,502 shares, compared to its average volume of 7,298,944. The company's 50 day simple moving average is $5.61 and its 200-day simple moving average is $4.34. Intuitive Machines has a 12-month low of $2.09 and a 12-month high of $13.25. The firm has a market capitalization of $627.03 million, a PE ratio of 12.56 and a beta of 0.34.
Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its earnings results on Tuesday, May 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.07). The firm had revenue of $73.07 million for the quarter, compared to analysts' expectations of $45.00 million. Intuitive Machines had a negative return on equity of 2.04% and a negative net margin of 19.48%. During the same quarter in the previous year, the firm posted ($0.24) EPS.
Institutional Trading of Intuitive Machines
Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Intuitive Machines by 250.0% in the 1st quarter. Vanguard Group Inc. now owns 601,354 shares of the company's stock valued at $3,758,000 after acquiring an additional 429,531 shares during the last quarter. Baltimore Washington Financial Advisors Inc. bought a new position in Intuitive Machines during the 1st quarter worth $67,000. Deuterium Capital Management LLC acquired a new stake in shares of Intuitive Machines in the 1st quarter worth about $125,000. Solstein Capital LLC bought a new stake in shares of Intuitive Machines during the first quarter valued at approximately $44,000. Finally, Sanders Morris Harris LLC bought a new stake in Intuitive Machines during the 1st quarter valued at $119,000. Institutional investors and hedge funds own 72.21% of the company's stock.
Insider Buying and Selling
In other Intuitive Machines news, major shareholder Guy Shanon sold 123,717 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $8.99, for a total transaction of $1,112,215.83. Following the transaction, the insider now directly owns 1,302,673 shares in the company, valued at approximately $11,711,030.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 73.68% of the company's stock.
Intuitive Machines Company Profile
(
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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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