Intuitive Machines (NASDAQ:LUNR) Stock Price Down 0.8%

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) shares were down 0.8% during trading on Monday . The company traded as low as $5.03 and last traded at $5.16. Approximately 581,995 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 8,579,881 shares. The stock had previously closed at $5.20.

Wall Street Analysts Forecast Growth

LUNR has been the topic of a number of research reports. Roth Mkm restated a "buy" rating and set a $15.00 price objective on shares of Intuitive Machines in a research report on Thursday, April 4th. Benchmark reiterated a "buy" rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Thursday, April 4th. Finally, Cantor Fitzgerald reduced 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.

Intuitive Machines Trading Down 0.8 %

The stock's 50-day moving average price is $6.05 and its 200-day moving average price is $4.07. The stock has a market cap of $629.47 million, a price-to-earnings 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, beating analysts' consensus estimates of ($0.12) by $0.01. Intuitive Machines had a net margin of 78.98% and a negative return on equity of 2.04%. The business had revenue of $30.56 million for the quarter, compared to analysts' expectations of $17.70 million. As a group, analysts predict that Intuitive Machines, Inc. will post -0.48 earnings per share for the current year.

Insider Buying and Selling

In other Intuitive Machines news, major shareholder Guy Shanon sold 123,717 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly 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 SEC, which is available through this link. 78.93% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Intuitive Machines

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hemington Wealth Management acquired a new position in Intuitive Machines during the 4th quarter worth approximately $26,000. Sanders Morris Harris LLC acquired a new position in shares of Intuitive Machines during the first quarter worth approximately $119,000. Tealwood Asset Management Inc. bought a new position in shares of Intuitive Machines in the 1st quarter worth $131,000. Inscription Capital LLC acquired a new stake in Intuitive Machines in the 1st quarter valued at $304,000. Finally, Janney Montgomery Scott LLC bought a new stake in Intuitive Machines during the 3rd quarter valued at $365,000. 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.