Intuitive Machines (NASDAQ:LUNR) Trading Up 3%

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) rose 3% on Thursday . The company traded as high as $5.19 and last traded at $5.16. Approximately 431,498 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 8,756,856 shares. The stock had previously closed at $5.01.

Wall Street Analyst Weigh In

LUNR has been the topic of a number of recent analyst reports. Roth Mkm reissued a "buy" rating and issued a $15.00 price objective on shares of Intuitive Machines in a research note on Thursday, April 4th. Benchmark reaffirmed a "buy" rating and issued a $10.00 price target on shares of Intuitive Machines in a research report on Thursday, April 4th. Finally, Cantor Fitzgerald dropped their price target on Intuitive Machines from $13.00 to $10.00 and set an "overweight" rating on the stock in a research report on Friday, March 22nd.

Intuitive Machines Stock Performance

The company has a 50-day simple moving average of $6.01 and a 200 day simple moving average of $4.05. The company has a market capitalization of $647.77 million, a P/E ratio of 2.09 and a beta of 0.23.

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

Insider Transactions at Intuitive Machines

In other news, major shareholder Guy Shanon sold 123,717 shares of Intuitive Machines stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $8.99, for a total transaction of $1,112,215.83. Following the sale, the insider now owns 1,302,673 shares of the company's stock, valued at approximately $11,711,030.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 78.93% of the stock is owned by insiders.

Institutional Trading of Intuitive Machines

Several institutional investors have recently modified their holdings of the company. Hemington Wealth Management acquired a new stake in Intuitive Machines in the 4th quarter valued at $26,000. Virtu Financial LLC bought a new stake in shares of Intuitive Machines during the fourth quarter worth $81,000. State Street Corp bought a new stake in Intuitive Machines in the second quarter valued at about $111,000. Sanders Morris Harris LLC bought a new stake in Intuitive Machines in the first quarter valued at about $119,000. Finally, Northern Trust Corp increased its holdings in Intuitive Machines by 179.1% in the fourth quarter. Northern Trust Corp now owns 47,765 shares of the company's stock valued at $122,000 after purchasing an additional 30,649 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company's stock.

Intuitive Machines Company Profile

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.