Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s stock price shot up 2.5% during mid-day trading on Tuesday . The stock traded as high as $5.34 and last traded at $5.29. 502,231 shares changed hands during trading, a decline of 94% from the average session volume of 8,489,801 shares. The stock had previously closed at $5.16.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on LUNR. Cantor Fitzgerald cut their target price 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. Roth Mkm reiterated a "buy" rating and set a $15.00 price target on shares of Intuitive Machines in a report on Thursday, April 4th. Finally, Benchmark reiterated a "buy" rating and set a $10.00 price target on shares of Intuitive Machines in a report on Thursday, April 4th.
Read Our Latest Stock Analysis on Intuitive Machines
Intuitive Machines Price Performance
The stock has a fifty day moving average of $6.05 and a 200 day moving average of $4.09. The firm has a market capitalization of $670.95 million, a P/E ratio of 2.23 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 analysts' consensus estimates of ($0.12) by $0.01. The business 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%. Equities analysts forecast that Intuitive Machines, Inc. will post -0.48 EPS for the current fiscal year.
Insider Buying and Selling at Intuitive Machines
In other Intuitive Machines news, major shareholder Guy Shanon sold 123,717 shares of the business's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $8.99, for a total value of $1,112,215.83. Following the sale, the insider now directly owns 1,302,673 shares in the company, valued at $11,711,030.27. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 78.93% of the company's stock.
Institutional Trading of Intuitive Machines
Hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new stake in shares of Intuitive Machines in the third quarter valued at $365,000. Nomura Holdings Inc. bought a new stake in shares of Intuitive Machines in the third quarter valued at $1,369,000. Hemington Wealth Management bought a new stake in shares of Intuitive Machines in the fourth quarter valued at $26,000. Sanders Morris Harris LLC bought a new stake in shares of Intuitive Machines during the 1st quarter valued at $119,000. Finally, Inscription Capital LLC bought a new stake in shares of Intuitive Machines during the 1st quarter valued at $304,000. 72.21% of the stock is currently owned by institutional investors.
Intuitive Machines Company Profile
(
Get Free Report)
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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