Intuitive Machines (NASDAQ:LUNR) Shares Gap Down to $6.07

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $6.07, but opened at $5.70. Intuitive Machines shares last traded at $5.88, with a volume of 1,153,128 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Cantor Fitzgerald dropped their target price on Intuitive Machines from $13.00 to $10.00 and set an "overweight" rating on the stock in a report on Friday, March 22nd. Roth Mkm reiterated a "buy" rating and issued a $15.00 price target on shares of Intuitive Machines in a research note on Thursday, April 4th. Finally, Benchmark reiterated a "buy" rating and set a $10.00 price target on shares of Intuitive Machines in a research note on Thursday, April 4th.

Intuitive Machines Trading Down 6.1 %

The stock has a market cap of $695.34 million, a price-to-earnings ratio of 2.31 and a beta of 0.34. The stock's 50 day moving average is $5.60 and its two-hundred day moving average is $4.31.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its quarterly earnings results on Monday, March 25th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.01. The firm had revenue of $30.56 million for the quarter, compared to analyst estimates of $17.70 million. Intuitive Machines had a negative return on equity of 2.04% and a net margin of 78.98%. On average, sell-side analysts predict that Intuitive Machines, Inc. will post -0.48 EPS for the current year.

Insider Transactions at Intuitive Machines

In related news, major shareholder Guy Shanon sold 123,717 shares of the firm's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $8.99, for a total value of $1,112,215.83. Following the completion of the sale, the insider now owns 1,302,673 shares in the company, valued at $11,711,030.27. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 73.68% of the company's stock.

Hedge Funds Weigh In On Intuitive Machines

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hemington Wealth Management acquired a new position in Intuitive Machines during the fourth quarter worth about $26,000. Solstein Capital LLC purchased a new position in Intuitive Machines in the 1st quarter valued at approximately $44,000. Baltimore Washington Financial Advisors Inc. acquired a new position in Intuitive Machines during the first quarter worth $67,000. Sanders Morris Harris LLC purchased a new stake in Intuitive Machines during the first quarter worth $119,000. Finally, Deuterium Capital Management LLC acquired a new stake in Intuitive Machines in the first quarter valued at $125,000. 72.21% of the stock is owned by institutional investors and hedge funds.

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.