Intuitive Machines (NASDAQ:LUNR) Trading Down 3.5%

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) dropped 3.5% during mid-day trading on Thursday . The stock traded as low as $5.16 and last traded at $5.26. Approximately 589,381 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 8,327,678 shares. The stock had previously closed at $5.45.

Analyst Upgrades and Downgrades

LUNR has been the topic of several analyst reports. Roth Mkm reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Intuitive Machines in a research report on Thursday, April 4th. Cantor Fitzgerald decreased their target price on shares of Intuitive Machines from $13.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Finally, Benchmark reiterated a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research note on Thursday, April 4th.

Intuitive Machines Trading Down 0.4 %

The stock has a market capitalization of $662.40 million, a PE ratio of 2.18 and a beta of 0.23. The firm has a 50 day moving average price of $6.06 and a 200 day moving average price of $4.10.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings data on Monday, March 25th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.01. The firm had revenue of $30.56 million during the quarter, compared to analyst estimates of $17.70 million. Intuitive Machines had a negative return on equity of 2.04% and a net margin of 78.98%. On average, equities research analysts expect that Intuitive Machines, Inc. will post -0.48 EPS for the current year.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, major shareholder Guy Shanon sold 123,717 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $8.99, for a total transaction of $1,112,215.83. Following the sale, the insider now directly owns 1,302,673 shares of the company’s stock, valued at $11,711,030.27. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 78.93% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new position in shares of Intuitive Machines during the third quarter valued at about $365,000. Nomura Holdings Inc. purchased a new position in Intuitive Machines in the third quarter worth about $1,369,000. Hemington Wealth Management purchased a new position in Intuitive Machines in the fourth quarter worth about $26,000. Sanders Morris Harris LLC purchased a new position in Intuitive Machines in the first quarter worth about $119,000. Finally, Inscription Capital LLC bought a new stake in Intuitive Machines in the first quarter worth about $304,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

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.