Intuitive Machines (NASDAQ:LUNR) Stock Price Down 4.2%

Intuitive Machines, Inc. (NASDAQ:LUNR)’s stock price was down 4.2% during trading on Tuesday . The company traded as low as $5.27 and last traded at $5.28. Approximately 532,432 shares changed 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 research analysts recently commented on LUNR shares. Cantor Fitzgerald lowered their price target on shares of Intuitive Machines from $13.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Roth Mkm reissued a “buy” rating and issued a $15.00 price objective on shares of Intuitive Machines in a research note on Thursday, April 4th. Finally, Benchmark reissued a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research note on Thursday, April 4th.

Intuitive Machines Stock Down 8.2 %

The company’s 50 day moving average price is $5.96 and its two-hundred day moving average price is $4.14. The stock has a market cap of $617.27 million, a P/E ratio of 2.09 and a beta of 0.23.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Monday, March 25th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $30.56 million during the quarter, compared to the consensus estimate of $17.70 million. As a group, equities research analysts forecast that Intuitive Machines, Inc. will post -0.48 earnings per share for the current year.

Insider Activity at Intuitive Machines

In related news, major shareholder Guy Shanon sold 123,717 shares of Intuitive Machines stock in a transaction that occurred on 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 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 filing with the SEC, which is accessible through this link. 78.93% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Intuitive Machines

Several institutional investors and hedge funds have recently bought and sold shares of LUNR. Janney Montgomery Scott LLC purchased a new position in Intuitive Machines in the third quarter worth $365,000. Nomura Holdings Inc. acquired a new stake in shares of Intuitive Machines during the third quarter worth $1,369,000. Hemington Wealth Management acquired a new stake in shares of Intuitive Machines during the fourth quarter worth $26,000. Inscription Capital LLC acquired a new stake in shares of Intuitive Machines during the first quarter worth $304,000. Finally, Tealwood Asset Management Inc. acquired a new stake in shares of Intuitive Machines during the first quarter worth $131,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

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.