Intuitive Machines (NASDAQ:LUNR) Stock Price Down 0.4%

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s stock price traded down 0.4% on Wednesday . The company traded as low as $4.91 and last traded at $5.02. 520,866 shares traded hands during trading, a decline of 94% from the average session volume of 8,855,229 shares. The stock had previously closed at $5.04.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Cantor Fitzgerald dropped their target price on shares of 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 restated a "buy" rating and set a $15.00 price target on shares of Intuitive Machines in a research report on Thursday, April 4th. Finally, Benchmark restated a "buy" rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Thursday, April 4th.

Intuitive Machines Trading Down 0.6 %

The stock's 50-day moving average is $6.01 and its 200-day moving average is $4.05. The stock has a market cap of $611.17 million, a P/E ratio of 2.03 and a beta of 0.23.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last announced its earnings results 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. The firm had revenue of $30.56 million during 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%. On average, equities analysts forecast that Intuitive Machines, Inc. will post -0.48 EPS for the current year.

Insider Activity at Intuitive Machines

In other 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 transaction of $1,112,215.83. Following the completion of the transaction, the insider now owns 1,302,673 shares in the company, valued at approximately $11,711,030.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 78.93% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Intuitive Machines

Several large investors have recently made changes to their positions in LUNR. Hemington Wealth Management purchased a new stake in Intuitive Machines during the fourth quarter valued at about $26,000. State Street Corp purchased a new stake in Intuitive Machines during the second quarter valued at about $111,000. Sanders Morris Harris LLC purchased a new stake in Intuitive Machines during the first quarter valued at about $119,000. Tealwood Asset Management Inc. purchased a new stake in Intuitive Machines during the first quarter valued at about $131,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Intuitive Machines during the second quarter valued at about $242,000. Institutional investors own 72.21% of the company's stock.

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.