Intuitive Machines (NASDAQ:LUNR) Trading Up 5.5% - What's Next?

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s share price was up 5.5% during mid-day trading on Wednesday . The stock traded as high as $7.82 and last traded at $7.88. Approximately 1,873,533 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 14,683,484 shares. The stock had previously closed at $7.47.

Analyst Ratings Changes

A number of brokerages have commented on LUNR. Deutsche Bank Aktiengesellschaft initiated coverage on Intuitive Machines in a research report on Tuesday, February 25th. They issued a "hold" rating and a $18.00 price objective for the company. Benchmark reaffirmed a "buy" rating and issued a $16.00 price target on shares of Intuitive Machines in a research note on Tuesday, March 25th. Bank of America began coverage on shares of Intuitive Machines in a research note on Wednesday, February 5th. They issued an "underperform" rating and a $16.00 target price on the stock. B. Riley restated a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, March 25th. Finally, Canaccord Genuity Group cut 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Intuitive Machines presently has an average rating of "Moderate Buy" and an average target price of $16.00.

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Intuitive Machines Price Performance

The stock has a 50-day moving average of $13.85 and a 200 day moving average of $13.07. The stock has a market capitalization of $999.27 million, a price-to-earnings ratio of -2.42 and a beta of 1.33.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last announced 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 company had revenue of $54.66 million for the quarter, compared to analyst estimates of $72.58 million. Sell-side analysts anticipate that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intuitive Machines news, insider Steven Vontur sold 4,528 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the completion of the transaction, the insider now directly owns 104,272 shares of the company's stock, valued at approximately $2,043,731.20. The trade was a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 73.68% of the company's stock.

Hedge Funds Weigh In On Intuitive Machines

Institutional investors have recently modified their holdings of the business. Quarry LP acquired a new position in Intuitive Machines in the 4th quarter worth $44,000. Jones Financial Companies Lllp increased its stake in Intuitive Machines by 751.3% in the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock valued at $70,000 after buying an additional 3,381 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Intuitive Machines in the 3rd quarter valued at about $85,000. Steward Partners Investment Advisory LLC raised its holdings in Intuitive Machines by 201.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock worth $90,000 after acquiring an additional 3,300 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new position in shares of Intuitive Machines during the 4th quarter worth approximately $91,000. Institutional investors own 72.21% of the company's stock.

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.