Intuitive Machines (NASDAQ:LUNR) Stock Price Down 1.3%

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) dropped 1.3% during trading on Wednesday . The company traded as low as $5.33 and last traded at $5.43. Approximately 589,471 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 8,413,569 shares. The stock had previously closed at $5.50.

Wall Street Analysts Forecast Growth

LUNR has been the topic of a number of research reports. Benchmark reaffirmed a "buy" rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Thursday, April 4th. Cantor Fitzgerald reduced their target price on Intuitive Machines from $13.00 to $10.00 and set an "overweight" rating on the stock in a report on Friday, March 22nd. Finally, Roth Mkm reissued a "buy" rating and set a $15.00 target price on shares of Intuitive Machines in a report on Thursday, April 4th.

Intuitive Machines Trading Down 0.9 %

The firm has a market capitalization of $664.85 million, a P/E ratio of 2.21 and a beta of 0.23. The firm has a 50-day moving average of $6.06 and a two-hundred day moving average of $4.10.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its earnings results on Monday, March 25th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.01. The firm had revenue of $30.56 million during the quarter, compared to the consensus estimate of $17.70 million. Intuitive Machines had a negative return on equity of 2.04% and a net margin of 78.98%. On average, sell-side analysts anticipate 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 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 transaction, the insider now directly owns 1,302,673 shares in the company, valued at $11,711,030.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 78.93% of the company's stock.

Hedge Funds Weigh In On Intuitive Machines

Hedge funds have recently made changes to their positions in the stock. Solstein Capital LLC bought a new position in shares of Intuitive Machines during the first quarter worth about $44,000. Hemington Wealth Management acquired a new stake in Intuitive Machines during the fourth quarter worth approximately $26,000. Sanders Morris Harris LLC acquired a new stake in Intuitive Machines during the first quarter worth approximately $119,000. Tealwood Asset Management Inc. acquired a new stake in Intuitive Machines during the first quarter worth approximately $131,000. Finally, Inscription Capital LLC acquired a new stake in Intuitive Machines during the first quarter worth approximately $304,000. 72.21% of the stock is currently owned by 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.