Intuitive Machines (NASDAQ:LUNR) Stock Price Down 3.6%

Intuitive Machines, Inc. (NASDAQ:LUNR) fell 3.6% during mid-day trading on Thursday . The company traded as low as $5.03 and last traded at $5.09. 1,889,209 shares traded hands during trading, a decline of 71% from the average session volume of 6,559,485 shares. The stock had previously closed at $5.28.

Analysts Set New Price Targets

LUNR has been the subject of several recent analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Tuesday. B. Riley began coverage on Intuitive Machines in a research report on Friday, June 28th. They issued a “buy” rating and a $8.00 price target on the stock. Benchmark restated a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday, August 14th. Roth Mkm raised their price target on Intuitive Machines from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Canaccord Genuity Group decreased their target price on Intuitive Machines from $14.00 to $11.00 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, Based on data from MarketBeat, Intuitive Machines presently has a consensus rating of “Buy” and a consensus price target of $9.80.

Intuitive Machines Stock Down 1.1 %

The company has a 50 day simple moving average of $4.19 and a 200-day simple moving average of $5.01. The stock has a market capitalization of $650.58 million, a price-to-earnings ratio of 12.88 and a beta of 0.26.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $41.41 million for the quarter, compared to analysts’ expectations of $43.00 million. As a group, sell-side analysts anticipate that Intuitive Machines, Inc. will post 0.47 earnings per share for the current fiscal year.

Insider Activity at Intuitive Machines

In other news, SVP Timothy Price Crain II sold 50,000 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $3.36, for a total value of $168,000.00. Following the completion of the transaction, the senior vice president now owns 362,810 shares in the company, valued at $1,219,041.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Intuitive Machines news, CEO Stephen J. Altemus sold 203,018 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $4.53, for a total transaction of $919,671.54. Following the transaction, the chief executive officer now directly owns 910,919 shares in the company, valued at approximately $4,126,463.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Timothy Price Crain II sold 50,000 shares of Intuitive Machines stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $3.36, for a total value of $168,000.00. Following the sale, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at approximately $1,219,041.60. The disclosure for this sale can be found here. Insiders have sold 608,250 shares of company stock worth $2,516,117 over the last ninety days. 73.68% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intuitive Machines

Institutional investors have recently bought and sold shares of the company. Solstein Capital LLC acquired a new position in shares of Intuitive Machines during the 1st quarter worth approximately $44,000. Wedbush Securities Inc. acquired a new position in shares of Intuitive Machines during the 2nd quarter worth approximately $35,000. Baltimore Washington Financial Advisors Inc. acquired a new position in shares of Intuitive Machines during the 1st quarter worth approximately $67,000. Sender Co & Partners Inc. acquired a new position in shares of Intuitive Machines during the 2nd quarter worth approximately $56,000. Finally, Sanders Morris Harris LLC acquired a new position in shares of Intuitive Machines during the 1st quarter worth approximately $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.