Intuitive Machines (NASDAQ:LUNR) Shares Up 1.2%

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) were up 1.2% during trading on Thursday . The company traded as high as $5.28 and last traded at $5.22. Approximately 239,249 shares were traded during trading, a decline of 97% from the average daily volume of 7,940,497 shares. The stock had previously closed at $5.16.

Analysts Set New Price Targets

Several research firms have recently weighed in on LUNR. Benchmark reissued a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a research note on Thursday, April 4th. Cantor Fitzgerald lowered their price objective on Intuitive Machines from $13.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Finally, Roth Mkm restated a “buy” rating and issued a $15.00 target price on shares of Intuitive Machines in a research report on Thursday, April 4th.

Intuitive Machines Stock Performance

The business’s 50 day moving average price is $5.76 and its 200-day moving average price is $4.15. The firm has a market capitalization of $629.47 million, a PE ratio of 2.11 and a beta of 0.34.

Intuitive Machines (NASDAQ:LUNR) last announced its earnings results on Monday, March 25th. The company reported ($0.11) earnings per share (EPS) 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 company had revenue of $30.56 million for the quarter, compared to analyst estimates of $17.70 million. As a group, analysts anticipate that Intuitive Machines, Inc. will post -0.48 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Guy Shanon sold 123,717 shares of the stock in a transaction on Thursday, February 22nd. The stock was 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 $11,711,030.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 78.93% of the company’s stock.

Hedge Funds Weigh In On Intuitive Machines

Hedge funds have recently made changes to their positions in the company. Solstein Capital LLC acquired a new stake in shares of Intuitive Machines in the first quarter valued at approximately $44,000. Sanders Morris Harris LLC acquired a new stake in Intuitive Machines during the 1st quarter worth $119,000. Tealwood Asset Management Inc. purchased a new position in Intuitive Machines during the 1st quarter worth $131,000. Inscription Capital LLC acquired a new position in Intuitive Machines in the first quarter valued at $304,000. Finally, Hemington Wealth Management acquired a new position in Intuitive Machines in the 4th quarter valued at about $26,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

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.