Intuitive Machines (NASDAQ:LUNR) Stock Price Down 0.2%

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s stock price dropped 0.2% during trading on Friday . The stock traded as low as $4.98 and last traded at $5.03. Approximately 394,953 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 6,800,395 shares. The stock had previously closed at $5.04.

Wall Street Analysts Forecast Growth

LUNR has been the subject of several recent research reports. Benchmark restated a "buy" rating and issued a $10.00 price target on shares of Intuitive Machines in a research report on Thursday, April 4th. Canaccord Genuity Group decreased their price target on shares of Intuitive Machines from $14.00 to $11.00 and set a "buy" rating for the company in a research report on Wednesday, May 15th. Cantor Fitzgerald reiterated an "overweight" rating and set a $10.00 price objective on shares of Intuitive Machines in a research report on Tuesday. Finally, Roth Mkm decreased their price objective on shares of Intuitive Machines from $15.00 to $10.00 and set a "buy" rating for the company in a research report on Wednesday, May 15th.

Intuitive Machines Price Performance

The firm has a market capitalization of $624.40 million, a price-to-earnings ratio of 12.22 and a beta of 0.34. The business's fifty day simple moving average is $5.52 and its 200 day simple moving average is $4.48.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.07). The company had revenue of $73.07 million during the quarter, compared to analyst estimates of $45.00 million. Intuitive Machines had a negative return on equity of 2.04% and a negative net margin of 19.48%. During the same quarter in the previous year, the business posted ($0.24) earnings per share. Equities research analysts expect that Intuitive Machines, Inc. will post -0.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Intuitive Machines

Large investors have recently bought and sold shares of the stock. Solstein Capital LLC bought a new position in shares of Intuitive Machines in the first quarter valued at $44,000. Hemington Wealth Management bought a new position in shares of Intuitive Machines in the fourth quarter valued at $26,000. Baltimore Washington Financial Advisors Inc. bought a new position in shares of Intuitive Machines in the first quarter valued at $67,000. Sanders Morris Harris LLC bought a new position in shares of Intuitive Machines in the first quarter valued at $119,000. Finally, Deuterium Capital Management LLC bought a new position in shares of Intuitive Machines in the first quarter valued at $125,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.