Intuitive Machines (NASDAQ:LUNR) Stock Price Down 0.2%

Intuitive Machines, Inc. (NASDAQ:LUNR)’s stock price dropped 0.2% during trading on Friday . The stock traded as low as $5.35 and last traded at $5.42. Approximately 588,883 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 8,242,401 shares. The stock had previously closed at $5.43.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LUNR shares. 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. Benchmark reaffirmed a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a research note on Thursday, April 4th. Finally, Cantor Fitzgerald lowered their price target on Intuitive Machines from $13.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd.

Intuitive Machines Stock Performance

The firm has a market cap of $663.63 million, a price-to-earnings ratio of 2.20 and a beta of 0.23. The firm’s 50 day moving average is $6.03 and its 200-day moving average is $4.11.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings results on Monday, March 25th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.01. Intuitive Machines had a negative return on equity of 2.04% and a net margin of 78.98%. The company had revenue of $30.56 million for the quarter, compared to the consensus estimate of $17.70 million. As a group, research analysts predict that Intuitive Machines, Inc. will post -0.48 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Guy Shanon sold 123,717 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $8.99, for a total value of $1,112,215.83. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 78.93% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC acquired a new stake in Intuitive Machines during the third quarter worth about $365,000. Nomura Holdings Inc. bought a new stake in shares of Intuitive Machines in the 3rd quarter worth approximately $1,369,000. Hemington Wealth Management acquired a new stake in shares of Intuitive Machines during the 4th quarter worth approximately $26,000. Inscription Capital LLC bought a new stake in shares of Intuitive Machines during the first quarter valued at approximately $304,000. Finally, Tealwood Asset Management Inc. acquired a new position in shares of Intuitive Machines in the first quarter valued at $131,000. 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.