Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) - Investment analysts at Cantor Fitzgerald issued their FY2024 earnings per share (EPS) estimates for shares of Intuitive Machines in a report released on Tuesday, March 25th. Cantor Fitzgerald analyst A. Sheppard forecasts that the company will post earnings of ($4.63) per share for the year. Cantor Fitzgerald has a "Overweight" rating and a $13.00 price objective on the stock. The consensus estimate for Intuitive Machines' current full-year earnings is $0.73 per share. Cantor Fitzgerald also issued estimates for Intuitive Machines' FY2025 earnings at ($0.32) EPS.
Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its quarterly earnings data on Tuesday, March 25th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.12. The business had revenue of $54.66 million during the quarter, compared to the consensus estimate of $72.58 million.
Several other brokerages also recently weighed in on LUNR. Canaccord Genuity Group lowered their target price on shares of Intuitive Machines from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft assumed coverage on Intuitive Machines in a research report on Tuesday, February 25th. They set a "hold" rating and a $18.00 target price on the stock. Bank of America started coverage on Intuitive Machines in a report on Wednesday, February 5th. They issued an "underperform" rating and a $16.00 price target for the company. Roth Mkm decreased their price objective on shares of Intuitive Machines from $20.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, March 11th. Finally, Roth Capital set a $20.00 target price on shares of Intuitive Machines in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $16.00.
View Our Latest Report on LUNR
Intuitive Machines Stock Down 7.7 %
Shares of NASDAQ LUNR traded down $0.62 during mid-day trading on Thursday, reaching $7.45. 4,084,566 shares of the company were exchanged, compared to its average volume of 11,766,461. The firm has a 50-day moving average of $15.28 and a 200 day moving average of $13.02. Intuitive Machines has a 1 year low of $3.15 and a 1 year high of $24.95. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -2.54 and a beta of 1.01.
Insider Activity at Intuitive Machines
In other news, insider Steven Vontur sold 9,266 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $22.50, for a total value of $208,485.00. Following the sale, the insider now owns 98,656 shares in the company, valued at $2,219,760. This represents a 8.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 73.68% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP purchased a new position in shares of Intuitive Machines during the 4th quarter valued at about $44,000. Jones Financial Companies Lllp lifted its holdings in Intuitive Machines by 751.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock valued at $70,000 after acquiring an additional 3,381 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in Intuitive Machines in the 3rd quarter worth approximately $85,000. Steward Partners Investment Advisory LLC grew its stake in shares of Intuitive Machines by 201.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock worth $90,000 after purchasing an additional 3,300 shares during the period. Finally, Ancora Advisors LLC purchased a new stake in Intuitive Machines during the fourth quarter worth $91,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.
About Intuitive Machines
(
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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.
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