Intuitive Machines (NASDAQ:LUNR) Trading Up 3.1%

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s stock price was up 3.1% on Monday . The company traded as high as $5.73 and last traded at $5.61. Approximately 791,878 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 8,161,129 shares. The stock had previously closed at $5.44.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on LUNR shares. Benchmark reiterated a "buy" rating and issued a $10.00 price objective on shares of Intuitive Machines in a research report on Thursday, April 4th. Roth Mkm reiterated a "buy" rating and issued a $15.00 price objective on shares of Intuitive Machines in a research report on Thursday, April 4th. Finally, Cantor Fitzgerald lowered their price objective on shares of 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 market capitalization of $672.16 million, a PE ratio of 2.23 and a beta of 0.23. The firm's 50-day simple moving average is $5.96 and its 200 day simple moving average is $4.14.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its 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. The company had revenue of $30.56 million for the quarter, compared to analyst estimates of $17.70 million. Intuitive Machines had a net margin of 78.98% and a negative return on equity of 2.04%. As a group, equities analysts anticipate that Intuitive Machines, Inc. will post -0.48 earnings per share for the current year.

Insiders Place Their Bets

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 shares were sold at an average price of $8.99, for a total transaction of $1,112,215.83. Following the sale, the insider now directly owns 1,302,673 shares in the company, 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. Insiders own 78.93% of the company's stock.

Institutional Investors Weigh In On Intuitive Machines

Several institutional investors and hedge funds have recently made changes to their positions in LUNR. Hemington Wealth Management purchased a new stake in shares of Intuitive Machines in the 4th quarter worth about $26,000. Solstein Capital LLC purchased a new stake in shares of Intuitive Machines in the 1st quarter worth about $44,000. Sanders Morris Harris LLC purchased a new stake in shares of Intuitive Machines in the 1st quarter worth about $119,000. Tealwood Asset Management Inc. purchased a new stake in shares of Intuitive Machines in the 1st quarter worth about $131,000. Finally, Inscription Capital LLC purchased a new stake in shares of Intuitive Machines in the 1st quarter worth about $304,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

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.