Intuitive Machines (NASDAQ:LUNR) Shares Down 1.5% – What’s Next?

Intuitive Machines, Inc. (NASDAQ:LUNR) shares dropped 1.5% during mid-day trading on Tuesday . The stock traded as low as $7.50 and last traded at $7.70. Approximately 3,068,842 shares traded hands during trading, a decline of 65% from the average daily volume of 8,663,293 shares. The stock had previously closed at $7.82.

Wall Street Analyst Weigh In

LUNR has been the topic of a number of analyst reports. Benchmark reissued a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, September 18th. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price target on shares of Intuitive Machines in a report on Monday, September 30th. B. Riley lifted 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, Roth Mkm reaffirmed a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, September 18th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $10.60.

Intuitive Machines Price Performance

The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 18.78 and a beta of 0.34. The business has a fifty day moving average price of $5.95 and a 200 day moving average price of $5.14.

Intuitive Machines (NASDAQ:LUNR) last released its earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.09. The company had revenue of $41.41 million for the quarter, compared to analyst estimates of $43.00 million. As a group, sell-side analysts predict that Intuitive Machines, Inc. will post 0.47 earnings per share for the current fiscal year.

Insider Activity at Intuitive Machines

In related news, Director Kamal Seyed Ghaffarian sold 125,991 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $7.43, for a total transaction of $936,113.13. Following the transaction, the director now directly owns 3,494,768 shares in the company, valued at $25,966,126.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Kamal Seyed Ghaffarian sold 125,991 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $7.43, for a total value of $936,113.13. Following the completion of the transaction, the director now directly owns 3,494,768 shares of the company’s stock, valued at $25,966,126.24. This trade 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 is available through this hyperlink. Also, CFO Steven Vontur sold 10,274 shares of Intuitive Machines stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $5.58, for a total transaction of $57,328.92. Following the sale, the chief financial officer now owns 117,500 shares in the company, valued at $655,650. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,770,728 shares of company stock worth $27,661,329. Company insiders own 73.68% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creative Planning bought a new stake in shares of Intuitive Machines in the 3rd quarter valued at approximately $105,000. SG Americas Securities LLC bought a new stake in Intuitive Machines in the third quarter valued at $93,000. Sender Co & Partners Inc. acquired a new position in Intuitive Machines during the second quarter worth $56,000. Squarepoint Ops LLC bought a new position in shares of Intuitive Machines during the second quarter valued at $536,000. Finally, XTX Topco Ltd bought a new position in shares of Intuitive Machines during the second quarter valued at $164,000. 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.