Intuitive Machines (NASDAQ:LUNR) Trading Up 9.7%

Intuitive Machines, Inc. (NASDAQ:LUNR) shares were up 9.7% during trading on Thursday . The stock traded as high as $4.38 and last traded at $4.30. Approximately 4,011,710 shares traded hands during trading, a decline of 34% from the average daily volume of 6,046,080 shares. The stock had previously closed at $3.92.

Wall Street Analyst Weigh In

Several research analysts recently commented on LUNR shares. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 target price on shares of Intuitive Machines in a report on Monday, July 1st. B. Riley began coverage on shares of Intuitive Machines in a research report on Friday, June 28th. They set a “buy” rating and a $8.00 price target on the stock. Canaccord Genuity Group dropped their price target on shares of Intuitive Machines from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Benchmark reaffirmed a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Thursday, April 4th. Finally, Roth Mkm dropped their price target on shares of Intuitive Machines from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $9.80.

Intuitive Machines Price Performance

The company has a market capitalization of $522.21 million, a P/E ratio of 10.32 and a beta of 0.21. The company’s 50-day moving average price is $4.55 and its two-hundred day moving average price is $4.70.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). The company had revenue of $73.07 million for the quarter, compared to analyst estimates of $45.00 million. During the same quarter last year, the company posted ($0.24) earnings per share. On average, analysts anticipate that Intuitive Machines, Inc. will post 0.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intuitive Machines news, SVP Timothy Price Crain II sold 50,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $3.36, for a total transaction of $168,000.00. Following the sale, the senior vice president now directly owns 362,810 shares in the company, valued at $1,219,041.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 73.68% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position 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 during the period. Inscription Capital LLC acquired a new position in shares of Intuitive Machines during the 1st quarter valued at $304,000. Tealwood Asset Management Inc. acquired a new position in shares of Intuitive Machines during the 1st quarter valued at $131,000. Deuterium Capital Management LLC acquired a new position in shares of Intuitive Machines during the 1st quarter valued at $125,000. Finally, Sanders Morris Harris LLC acquired a new position in shares of Intuitive Machines during the 1st quarter valued at $119,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.