Intuitive Machines (NASDAQ:LUNR) Trading Down 4.2% - Should You Sell?

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s share price traded down 4.2% during mid-day trading on Monday . The company traded as low as $7.86 and last traded at $7.89. 3,557,556 shares changed hands during trading, a decline of 59% from the average session volume of 8,695,096 shares. The stock had previously closed at $8.24.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Benchmark reaffirmed a "buy" rating and set a $10.00 target price on shares of Intuitive Machines in a report on Wednesday, September 18th. Roth Mkm reissued a "buy" rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday, September 18th. B. Riley boosted their price target on shares of Intuitive Machines from $8.00 to $12.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Monday, September 30th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $10.60.

Intuitive Machines Stock Down 2.8 %

The stock's 50-day simple moving average is $6.42 and its 200 day simple moving average is $5.21. The company has a market cap of $998.30 million, a price-to-earnings ratio of 19.54 and a beta of 0.34.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to analyst estimates of $43.00 million. On average, sell-side analysts expect that Intuitive Machines, Inc. will post 0.47 EPS for the current fiscal year.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, CEO Stephen J. Altemus sold 250,000 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $9.01, for a total value of $2,252,500.00. Following the transaction, the chief executive officer now owns 910,919 shares of the company's stock, valued at $8,207,380.19. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Kamal Seyed Ghaffarian sold 1,007,928 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $8.31, for a total transaction of $8,375,881.68. Following the sale, the director now owns 3,494,768 shares of the company's stock, valued at approximately $29,041,522.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen J. Altemus sold 250,000 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $9.01, for a total transaction of $2,252,500.00. Following the sale, the chief executive officer now directly owns 910,919 shares in the company, valued at $8,207,380.19. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,770,728 shares of company stock valued at $27,661,329 over the last 90 days. 73.68% of the stock is owned by insiders.

Institutional Trading of Intuitive Machines

Several hedge funds have recently made changes to their positions in LUNR. Deuterium Capital Management LLC acquired a new stake in shares of Intuitive Machines during the first quarter worth about $125,000. Baltimore Washington Financial Advisors Inc. purchased a new stake in shares of Intuitive Machines during the first quarter worth approximately $67,000. Vanguard Group Inc. increased its stake in shares of Intuitive Machines by 250.0% during the first quarter. Vanguard Group Inc. now owns 601,354 shares of the company's stock worth $3,758,000 after buying an additional 429,531 shares during the period. Sanders Morris Harris LLC increased its stake in shares of Intuitive Machines by 264.9% during the second quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company's stock worth $230,000 after buying an additional 50,600 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Intuitive Machines during the second quarter worth approximately $272,000. Institutional investors and hedge funds 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.