Intuitive Machines (NASDAQ:LUNR) Announces Earnings Results

Intuitive Machines (NASDAQ:LUNR - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.12, Zacks reports. The company had revenue of $54.66 million for the quarter, compared to analysts' expectations of $72.58 million.

Intuitive Machines Price Performance

Shares of LUNR stock traded down $0.20 during trading on Friday, hitting $8.07. 7,242,922 shares of the stock traded hands, compared to its average volume of 11,795,965. Intuitive Machines has a 52-week low of $3.15 and a 52-week high of $24.95. The firm has a market capitalization of $1.13 billion, a P/E ratio of -2.74 and a beta of 1.01. The firm's fifty day moving average price is $15.28 and its 200-day moving average price is $13.02.

Insider Buying and Selling

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the company's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $18.35, for a total value of $6,935,804.55. Following the transaction, the director now owns 3,494,768 shares of the company's stock, valued at $64,128,992.80. This represents a 9.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Steven Vontur sold 4,528 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total transaction of $88,748.80. Following the transaction, the insider now directly owns 104,272 shares of the company's stock, valued at approximately $2,043,731.20. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 391,767 shares of company stock worth $7,233,038. Company insiders own 73.68% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on LUNR shares. Bank of America assumed coverage on shares of Intuitive Machines in a research note on Wednesday, February 5th. They set an "underperform" rating and a $16.00 price objective on the stock. Roth Capital set a $20.00 target price on shares of Intuitive Machines in a research note on Friday, March 7th. Benchmark restated a "buy" rating and issued a $16.00 price objective on shares of Intuitive Machines in a research report on Tuesday, March 25th. Canaccord Genuity Group reduced their price objective on shares of Intuitive Machines from $22.00 to $21.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Finally, Roth Mkm reduced their price target 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $16.00.

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.