Intuitive Machines (NASDAQ:LUNR) Shares Down 0.3% - What's Next?

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) traded down 0.3% during trading on Wednesday . The company traded as low as $8.36 and last traded at $8.55. 3,152,380 shares were traded during trading, a decline of 64% from the average session volume of 8,719,884 shares. The stock had previously closed at $8.58.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LUNR. Benchmark restated a "buy" rating and set a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. Cantor Fitzgerald restated an "overweight" rating and set a $10.00 price objective on shares of Intuitive Machines in a report on Monday, September 30th. B. Riley increased their target price on Intuitive Machines from $8.00 to $12.00 and gave the company a "buy" rating in a research note on Thursday, September 19th. Finally, Roth Mkm restated a "buy" rating and issued a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday, September 18th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $10.60.

Intuitive Machines Trading Down 5.9 %

The company has a market cap of $1.01 billion, a price-to-earnings ratio of 19.68 and a beta of 0.34. The firm has a 50-day moving average price of $6.61 and a 200 day moving average price of $5.25.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.09. The business had revenue of $41.41 million for the quarter, compared to the consensus estimate of $43.00 million. Research analysts anticipate that Intuitive Machines, Inc. will post 0.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Timothy Price Crain II sold 74,423 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $3.93, for a total transaction of $292,482.39. Following the sale, the senior vice president now directly owns 362,810 shares in the company, valued at approximately $1,425,843.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Timothy Price Crain II sold 74,423 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $3.93, for a total value of $292,482.39. Following the sale, the senior vice president now owns 362,810 shares of the company's stock, valued at $1,425,843.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 344,893 shares of Intuitive Machines stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $8.02, for a total value of $2,766,041.86. Following the sale, the director now directly owns 3,494,768 shares in the company, valued at approximately $28,028,039.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,115,621 shares of company stock valued at $30,427,371 over the last quarter. Insiders own 73.68% of the company's stock.

Institutional Investors Weigh In On Intuitive Machines

Institutional investors have recently bought and sold shares of the stock. Waldron Private Wealth LLC bought a new stake in shares of Intuitive Machines during the 3rd quarter worth about $83,000. Wedbush Securities Inc. acquired a new position in shares of Intuitive Machines during the 2nd quarter valued at $35,000. Baltimore Washington Financial Advisors Inc. bought a new stake in shares of Intuitive Machines in the 1st quarter worth $67,000. SG Americas Securities LLC acquired a new stake in shares of Intuitive Machines in the third quarter valued at $93,000. Finally, Creative Planning acquired a new stake in shares of Intuitive Machines in the third quarter valued at $105,000. 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.