Intuitive Machines (NASDAQ:LUNR) Shares Up 3%

Intuitive Machines, Inc. (NASDAQ:LUNR)’s stock price traded up 3% during trading on Thursday . The company traded as high as $5.19 and last traded at $5.16. 431,498 shares were traded during trading, a decline of 95% from the average session volume of 8,756,856 shares. The stock had previously closed at $5.01.

Analysts Set New Price Targets

LUNR has been the subject of a number of recent research reports. Roth Mkm reissued a “buy” rating and issued a $15.00 price objective on shares of Intuitive Machines in a report on Thursday, April 4th. Benchmark reiterated a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a research note on Thursday, April 4th. Finally, Cantor Fitzgerald lowered their price objective on Intuitive Machines from $13.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd.

Intuitive Machines Stock Performance

The stock has a market capitalization of $634.35 million, a P/E ratio of 2.11 and a beta of 0.23. The firm’s fifty day simple moving average is $6.05 and its 200 day simple moving average is $4.07.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Monday, March 25th. The company reported ($0.11) earnings per share 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 the consensus estimate of $17.70 million. Analysts anticipate that Intuitive Machines, Inc. will post -0.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Intuitive Machines

In other news, major shareholder Guy Shanon sold 123,717 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $8.99, for a total value of $1,112,215.83. Following the sale, the insider now directly owns 1,302,673 shares in the company, valued at approximately $11,711,030.27. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 78.93% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

Several hedge funds have recently modified their holdings of LUNR. Sanders Morris Harris LLC acquired a new position in Intuitive Machines in the 1st quarter worth about $119,000. Tealwood Asset Management Inc. bought a new position in Intuitive Machines in the 1st quarter valued at approximately $131,000. Inscription Capital LLC bought a new position in Intuitive Machines in the 1st quarter valued at approximately $304,000. Vanguard Group Inc. boosted its position in Intuitive Machines by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 171,823 shares of the company’s stock worth $439,000 after buying an additional 4,387 shares during the period. Finally, Virtu Financial LLC bought a new stake in Intuitive Machines during the 4th quarter worth approximately $81,000. Institutional investors and hedge funds 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.