Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $7.12, but opened at $7.77. Intuitive Machines shares last traded at $7.95, with a volume of 1,350,932 shares changing hands.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intuitive Machines in a research note on Tuesday, February 25th. They issued a "hold" rating and a $18.00 price objective on the stock. Bank of America initiated coverage on Intuitive Machines in a report on Wednesday, February 5th. They issued an "underperform" rating and a $16.00 price target on the stock. Cantor Fitzgerald reduced their price objective on Intuitive Machines from $15.00 to $13.00 and set an "overweight" rating for the company in a research note on Tuesday, March 25th. Benchmark reaffirmed a "buy" rating and set a $16.00 target price on shares of Intuitive Machines in a research report on Tuesday, March 25th. Finally, Canaccord Genuity Group reduced their target price on Intuitive Machines from $22.00 to $21.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. One 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 stock. According to data from MarketBeat.com, Intuitive Machines has a consensus rating of "Moderate Buy" and a consensus price target of $16.00.
View Our Latest Stock Analysis on Intuitive Machines
Intuitive Machines Stock Performance
The stock has a market capitalization of $1.38 billion, a PE ratio of -2.63 and a beta of 1.33. The firm has a 50 day moving average of $11.91 and a 200-day moving average of $12.97.
Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.12. The company had revenue of $54.66 million during the quarter, compared to analysts' expectations of $72.58 million. On average, sell-side analysts predict that Intuitive Machines, Inc. will post 0.73 earnings per share for the current year.
Insider Transactions at Intuitive Machines
In other news, insider Steven Vontur sold 4,528 shares of the firm's 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 completion of the sale, the insider now directly owns 104,272 shares of the company's stock, valued at $2,043,731.20. This trade represents a 4.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 73.68% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Intuitive Machines
A number of hedge funds have recently added to or reduced their stakes in LUNR. Quarry LP bought a new stake in Intuitive Machines in the fourth quarter worth approximately $44,000. Jones Financial Companies Lllp increased its position in Intuitive Machines by 751.3% during the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock worth $70,000 after buying an additional 3,381 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in Intuitive Machines during the third quarter valued at about $85,000. Steward Partners Investment Advisory LLC lifted its position in shares of Intuitive Machines by 201.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock worth $90,000 after buying an additional 3,300 shares during the last quarter. Finally, Ancora Advisors LLC acquired a new position in shares of Intuitive Machines during the 4th quarter valued at about $91,000. Institutional investors and hedge funds own 72.21% of the company's stock.
Intuitive Machines Company Profile
(
Get Free Report)
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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