Intuitive Machines (NASDAQ:LUNR) Shares Down 2.5% - Time to Sell?

Key Points

• Intuitive Machines shares fell 2.5% to $12.86, with trading volume 54% below its average. The stock remains well below its 50-day and 200-day moving averages.
• Analyst sentiment is still a “Moderate Buy”, with seven Buy, one Hold, and two Sell ratings and an average price target of $30.50, despite several recent target-price cuts.
• The company missed quarterly expectations, reporting a $0.29-per-share loss versus a forecasted $0.09 loss and revenue of $206.17 million versus estimates of $212.32 million. Insiders sold more than 12.2 million shares worth roughly $158.6 million over the past 90 days.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) shares fell 2.5% during trading on Monday. The stock traded as low as $12.73 and last traded at $12.86. 5,501,066 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 11,890,452 shares. The stock had previously closed at $13.19.

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Analyst Ratings Changes

A number of brokerages recently weighed in on LUNR. Bank of America upped their target price on shares of Intuitive Machines from $11.00 to $13.00 and gave the stock an "underperform" rating in a research note on Monday, August 31st. Stifel Nicolaus upgraded shares of Intuitive Machines from a "hold" rating to a "buy" rating and lowered their price objective for the company from $32.00 to $26.00 in a report on Friday, August 14th. B. Riley Financial lowered their target price on Intuitive Machines from $45.00 to $43.00 and set a "buy" rating on the stock in a research report on Friday, August 14th. Canaccord Genuity Group lowered their target price on shares of Intuitive Machines from $41.00 to $39.00 and set a "buy" rating on the stock in a report on Tuesday, August 18th. Finally, Roth Capital set a $30.00 price objective on Intuitive Machines in a research note on Thursday, August 13th. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Intuitive Machines has a consensus rating of "Moderate Buy" and an average target price of $30.50.

Intuitive Machines Stock Performance

The stock has a market cap of $2.94 billion, a P/E ratio of -13.54 and a beta of 1.86. The stock's fifty day simple moving average is $15.49 and its 200-day simple moving average is $21.19.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.20). The company had revenue of $206.17 million during the quarter, compared to analyst estimates of $212.32 million. As a group, equities research analysts forecast that Intuitive Machines, Inc. will post -0.60 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Timothy Crain, II sold 100,000 shares of the company's stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $13.98, for a total transaction of $1,398,000.00. Following the completion of the sale, the senior vice president owned 351,279 shares of the company's stock, valued at $4,910,880.42. This represents a 22.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven Vontur sold 3,050 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $16.13, for a total transaction of $49,196.50. Following the sale, the insider directly owned 113,997 shares of the company's stock, valued at approximately $1,838,771.61. This trade represents a 2.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 12,201,528 shares of company stock worth $158,629,235 in the last ninety days. 54.10% of the stock is owned by company insiders.

Institutional Trading of Intuitive Machines

A number of hedge funds have recently added to or reduced their stakes in LUNR. Nykredit A S acquired a new stake in shares of Intuitive Machines during the second quarter valued at about $25,000. State of Wyoming bought a new position in Intuitive Machines during the first quarter worth $39,000. PNC Financial Services Group Inc. raised its position in shares of Intuitive Machines by 34.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company's stock worth $52,000 after acquiring an additional 712 shares in the last quarter. JTC Employer Solutions Trustee Ltd bought a new stake in Intuitive Machines in the first quarter worth approximately $59,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Intuitive Machines during the 2nd quarter valued at $88,000. Institutional investors and hedge funds own 72.21% of the company's stock.

About Intuitive Machines

Intuitive Machines, Inc is a space exploration and infrastructure company headquartered in Houston, Texas. The company develops and operates lunar landers, spacecraft, and related systems designed to deliver payloads to the Moon and support communications, navigation, and other lunar operations.

Its primary product platform is the Nova-C lunar lander, which is designed to transport scientific instruments, technology demonstrations, and commercial payloads to the lunar surface. Intuitive Machines also provides lunar data transmission and satellite communications services, autonomous navigation systems, precision landing technologies, and other products intended to support a broader lunar economy.

Founded in 2013 by Steve Altemus, who serves as president and chief executive officer, Intuitive Machines became a publicly traded company in 2024.

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