Intuitive Machines (NASDAQ:LUNR) Stock Falls 2.5% – Time to Sell?

Intuitive Machines, Inc. (NASDAQ:LUNR) was down 2.5% during mid-day trading on Monday. The stock traded as low as $12.73 and last traded at $12.86. 5,501,066 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 11,890,452 shares. The stock had previously closed at $13.19.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Bank of America increased their price target on Intuitive Machines from $11.00 to $13.00 and gave the company an “underperform” rating in a research report on Monday, August 31st. Cantor Fitzgerald reiterated an “overweight” rating on shares of Intuitive Machines in a research note on Monday, September 21st. B. Riley Financial dropped their price objective on shares of Intuitive Machines from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Roth Capital set a $30.00 price target on Intuitive Machines in a report on Thursday, August 13th. Finally, Zacks Research raised shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Intuitive Machines has an average rating of “Moderate Buy” and an average price target of $30.50.

Intuitive Machines Price Performance

The stock has a market cap of $2.94 billion, a P/E ratio of -13.54 and a beta of 1.86. The company has a 50 day simple moving average of $15.49 and a 200-day simple moving average of $21.19.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.20). The business had revenue of $206.17 million for the quarter, compared to analyst estimates of $212.32 million. As a group, research analysts expect that Intuitive Machines, Inc. will post -0.60 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Kamal Ghaffarian sold 267,448 shares of Intuitive Machines stock in a transaction on Monday, August 10th. The shares were sold at an average price of $16.17, for a total value of $4,324,634.16. Following the transaction, the director directly owned 3,494,768 shares of the company’s stock, valued at $56,510,398.56. The trade was a 7.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Timothy Crain, II sold 100,000 shares of the company’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $13.98, for a total transaction of $1,398,000.00. Following the sale, the senior vice president owned 351,279 shares of the company’s stock, valued at $4,910,880.42. This represents a 22.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,201,528 shares of company stock worth $158,629,235 in the last ninety days. Corporate insiders own 54.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings in shares of Intuitive Machines by 32.9% during the third quarter. Farther Finance Advisors LLC now owns 6,919 shares of the company’s stock valued at $99,000 after acquiring an additional 1,711 shares in the last quarter. Tidal Investments LLC purchased a new position in Intuitive Machines during the 2nd quarter valued at about $64,452,000. WINTON GROUP Ltd boosted its position in shares of Intuitive Machines by 538.9% in the 2nd quarter. WINTON GROUP Ltd now owns 171,857 shares of the company’s stock worth $3,676,000 after purchasing an additional 144,957 shares in the last quarter. Engineers Gate Manager LP bought a new stake in Intuitive Machines in the second quarter worth $1,732,000. Finally, Integrated Wealth Concepts LLC bought a new position in Intuitive Machines in the 2nd quarter worth about $88,000. Institutional investors own 72.21% of the company’s stock.

About Intuitive Machines

Intuitive Machines, Inc is a space exploration and infrastructure company headquartered in Houston, Texas. The company develops and operates lunar landers, spacecraft, and related systems designed to deliver payloads to the Moon and support communications, navigation, and other lunar operations.

Its primary product platform is the Nova-C lunar lander, which is designed to transport scientific instruments, technology demonstrations, and commercial payloads to the lunar surface. Intuitive Machines also provides lunar data transmission and satellite communications services, autonomous navigation systems, precision landing technologies, and other products intended to support a broader lunar economy.

Founded in 2013 by Steve Altemus, who serves as president and chief executive officer, Intuitive Machines became a publicly traded company in 2024.