Intuitive Machines (NASDAQ:LUNR) Shares Up 0.6%

Intuitive Machines, Inc. (NASDAQ:LUNR)’s stock price rose 0.6% during trading on Wednesday . The stock traded as high as $5.14 and last traded at $5.09. Approximately 685,428 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 8,011,111 shares. The stock had previously closed at $5.06.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Benchmark restated a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Thursday, April 4th. Cantor Fitzgerald decreased their target price on Intuitive Machines from $13.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Finally, Roth Mkm reissued a “buy” rating and issued a $15.00 price target on shares of Intuitive Machines in a report on Thursday, April 4th.

Intuitive Machines Stock Up 7.9 %

The firm has a 50 day moving average of $5.70 and a 200 day moving average of $4.16. The firm has a market cap of $679.48 million, a PE ratio of 2.26 and a beta of 0.34.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings results on Monday, March 25th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $30.56 million for the quarter, compared to analysts’ expectations of $17.70 million. On average, research analysts anticipate that Intuitive Machines, Inc. will post -0.48 EPS for the current year.

Insider Transactions at Intuitive Machines

In other Intuitive Machines news, major shareholder Guy Shanon sold 123,717 shares of the stock in a transaction on 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 owns 1,302,673 shares in the company, valued at $11,711,030.27. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 78.93% of the company’s stock.

Hedge Funds Weigh In On Intuitive Machines

A number of large investors have recently modified their holdings of LUNR. Janney Montgomery Scott LLC bought a new position in shares of Intuitive Machines in the third quarter worth $365,000. Nomura Holdings Inc. bought a new stake in shares of Intuitive Machines during the 3rd quarter worth $1,369,000. Hemington Wealth Management purchased a new position in Intuitive Machines in the fourth quarter worth $26,000. Sanders Morris Harris LLC bought a new position in Intuitive Machines in the first quarter valued at $119,000. Finally, Inscription Capital LLC bought a new stake in Intuitive Machines during the first quarter worth about $304,000. 72.21% of the stock is currently owned by 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.