Intuitive Machines (NASDAQ:LUNR) Trading 1.2% Higher

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) were up 1.2% during mid-day trading on Thursday . The stock traded as high as $5.28 and last traded at $5.22. Approximately 239,249 shares were traded during trading, a decline of 97% from the average daily volume of 7,940,497 shares. The stock had previously closed at $5.16.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Roth Mkm restated a "buy" rating and issued a $15.00 price objective on shares of Intuitive Machines in a report on Thursday, April 4th. 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. Finally, Benchmark reissued a "buy" rating and set a $10.00 target price on shares of Intuitive Machines in a research note on Thursday, April 4th.

Intuitive Machines Stock Performance

The company has a market cap of $629.47 million, a price-to-earnings ratio of 2.09 and a beta of 0.34. The business has a fifty day moving average price of $5.70 and a two-hundred day moving average price of $4.16.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its quarterly earnings data on Monday, March 25th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $30.56 million during the quarter, compared to analysts' expectations of $17.70 million. On average, analysts anticipate that Intuitive Machines, Inc. will post -0.48 EPS for the current year.

Insider Activity

In other Intuitive Machines news, major shareholder Guy Shanon sold 123,717 shares of the business's stock in a transaction dated 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 completion of the sale, the insider now owns 1,302,673 shares of the company's stock, valued at $11,711,030.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 78.93% of the stock is owned by insiders.

Institutional Trading of Intuitive Machines

A number of institutional investors and hedge funds have recently modified their holdings of LUNR. Nomura Holdings Inc. acquired a new position in Intuitive Machines in the 3rd quarter valued at approximately $1,369,000. Janney Montgomery Scott LLC acquired a new stake in Intuitive Machines during the third quarter worth $365,000. Inscription Capital LLC acquired a new stake in Intuitive Machines during the first quarter worth $304,000. Tealwood Asset Management Inc. bought a new stake in Intuitive Machines in the 1st quarter valued at $131,000. Finally, Sanders Morris Harris LLC acquired a new position in shares of Intuitive Machines in the 1st quarter valued at $119,000. 72.21% of the stock is currently 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.