Intuitive Machines (NASDAQ:LUNR) Trading Down 0.2% – What’s Next?

Intuitive Machines, Inc. (NASDAQ:LUNR)’s share price was down 0.2% during trading on Tuesday . The company traded as low as $7.93 and last traded at $7.99. Approximately 2,024,045 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 8,689,185 shares. The stock had previously closed at $8.01.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LUNR shares. B. Riley boosted their price objective on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price objective on shares of Intuitive Machines in a research note on Monday, September 30th. Benchmark reiterated a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, September 18th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Intuitive Machines currently has a consensus rating of “Buy” and an average target price of $10.60.

Intuitive Machines Stock Performance

The stock has a 50-day moving average price of $6.42 and a two-hundred day moving average price of $5.21. The stock has a market capitalization of $1.07 billion, a P/E ratio of 21.20 and a beta of 0.34.

Intuitive Machines (NASDAQ:LUNR) last announced its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $41.41 million for the quarter, compared to the consensus estimate of $43.00 million. Equities analysts anticipate that Intuitive Machines, Inc. will post 0.47 earnings per share for the current fiscal year.

Insider Transactions at Intuitive Machines

In other news, SVP Timothy Price Crain II sold 74,423 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $3.93, for a total transaction of $292,482.39. Following the sale, the senior vice president now owns 362,810 shares in the company, valued at approximately $1,425,843.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Intuitive Machines news, SVP Timothy Price Crain II sold 74,423 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $3.93, for a total transaction of $292,482.39. Following the completion of the transaction, the senior vice president now owns 362,810 shares of the company’s stock, valued at approximately $1,425,843.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kamal Seyed Ghaffarian sold 570,705 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $6.08, for a total value of $3,469,886.40. Following the completion of the sale, the director now directly owns 3,551,606 shares in the company, valued at approximately $21,593,764.48. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,770,728 shares of company stock valued at $27,661,329. Corporate insiders own 73.68% of the company’s stock.

Institutional Trading of Intuitive Machines

Institutional investors have recently made changes to their positions in the stock. Deuterium Capital Management LLC purchased a new position in shares of Intuitive Machines in the first quarter worth approximately $125,000. Baltimore Washington Financial Advisors Inc. bought a new stake in shares of Intuitive Machines during the 1st quarter valued at $67,000. Vanguard Group Inc. increased its stake in shares of Intuitive Machines by 250.0% in the 1st quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock worth $3,758,000 after purchasing an additional 429,531 shares in the last quarter. Sanders Morris Harris LLC grew its holdings in Intuitive Machines by 264.9% during the second quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock valued at $230,000 after purchasing an additional 50,600 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Intuitive Machines in the second quarter worth about $272,000. Hedge funds and other 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.