Intuitive Machines (NASDAQ:LUNR) Shares Down 4.2%

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s stock price dropped 4.2% during trading on Tuesday . The stock traded as low as $5.27 and last traded at $5.28. Approximately 532,432 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 8,082,115 shares. The stock had previously closed at $5.51.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Roth Mkm reaffirmed a "buy" rating and set a $15.00 target price on shares of Intuitive Machines in a research note on Thursday, April 4th. Benchmark reiterated a "buy" rating and set a $10.00 target price on shares of Intuitive Machines in a report on Thursday, April 4th. Finally, Cantor Fitzgerald dropped their price target on 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 business's 50-day moving average is $5.84 and its 200-day moving average is $4.15. The company has a market capitalization of $617.27 million, a PE ratio of 2.05 and a beta of 0.23.

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, topping analysts' consensus estimates of ($0.12) by $0.01. The business had revenue of $30.56 million during the quarter, compared to the consensus estimate of $17.70 million. Intuitive Machines had a net margin of 78.98% and a negative return on equity of 2.04%. Analysts expect 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 stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $8.99, for a total value of $1,112,215.83. Following the transaction, the insider now owns 1,302,673 shares in the company, valued at approximately $11,711,030.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 78.93% of the stock is owned by company insiders.

Institutional Investors Weigh In On Intuitive Machines

Hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC purchased a new position in Intuitive Machines during the third quarter valued at $365,000. Nomura Holdings Inc. bought a new position in shares of Intuitive Machines during the 3rd quarter valued at approximately $1,369,000. Hemington Wealth Management purchased a new stake in Intuitive Machines in the 4th quarter worth approximately $26,000. Sanders Morris Harris LLC bought a new stake in Intuitive Machines during the 1st quarter worth approximately $119,000. Finally, Inscription Capital LLC purchased a new position in Intuitive Machines during the first quarter valued at approximately $304,000. Institutional investors own 72.21% of the company's stock.

Intuitive Machines Company Profile

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.