Intuitive Machines (NASDAQ:LUNR) Shares Down 4.2% – What’s Next?

Intuitive Machines, Inc. (NASDAQ:LUNR) shares fell 4.2% during mid-day trading on Monday . The stock traded as low as $7.86 and last traded at $7.89. 3,557,556 shares traded hands during trading, a decline of 59% from the average session volume of 8,695,096 shares. The stock had previously closed at $8.24.

Analyst Ratings Changes

Several brokerages have issued reports on LUNR. Benchmark reaffirmed a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price target on shares of Intuitive Machines in a report on Monday, September 30th. Roth Mkm reiterated a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, September 18th. Finally, B. Riley lifted their price target on Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $10.60.

Intuitive Machines Trading Down 3.6 %

The firm has a market cap of $989.58 million, a PE ratio of 19.24 and a beta of 0.34. The firm has a fifty day moving average price of $6.33 and a 200 day moving average price of $5.19.

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, beating the consensus estimate of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to analysts’ expectations of $43.00 million. As a group, equities analysts predict that Intuitive Machines, Inc. will post 0.47 earnings per share for the current year.

Insider Activity at Intuitive Machines

In related news, CFO Steven Vontur sold 10,274 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $5.58, for a total value of $57,328.92. Following the sale, the chief financial officer now directly owns 117,500 shares in the company, valued at approximately $655,650. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Intuitive Machines news, SVP Timothy Price Crain II sold 74,423 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $3.93, for a total transaction of $292,482.39. Following the sale, the senior vice president now directly owns 362,810 shares in the company, valued at $1,425,843.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven Vontur sold 10,274 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $5.58, for a total transaction of $57,328.92. Following the sale, the chief financial officer now owns 117,500 shares in the company, valued at $655,650. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,770,728 shares of company stock worth $27,661,329. Company insiders own 73.68% of the company’s stock.

Institutional Trading of Intuitive Machines

Institutional investors and hedge funds have recently bought and sold shares of the business. Wedbush Securities Inc. acquired a new position in shares of Intuitive Machines during the second quarter worth about $35,000. Baltimore Washington Financial Advisors Inc. purchased a new position in shares of Intuitive Machines during the first quarter worth approximately $67,000. SG Americas Securities LLC purchased a new position in shares of Intuitive Machines during the third quarter worth approximately $93,000. Creative Planning acquired a new stake in shares of Intuitive Machines during the third quarter worth $105,000. Finally, Sender Co & Partners Inc. acquired a new stake in shares of Intuitive Machines during the second quarter worth $56,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

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.