Intuitive Machines (NASDAQ:LUNR) Shares Down 0.2% – Here’s What Happened

Intuitive Machines, Inc. (NASDAQ:LUNR) shares fell 0.2% during mid-day trading on Tuesday . The company traded as low as $7.93 and last traded at $7.99. 2,024,045 shares traded hands during trading, a decline of 77% from the average session volume of 8,689,185 shares. The stock had previously closed at $8.01.

Analyst Ratings Changes

Several research analysts recently commented on LUNR shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 target price on shares of Intuitive Machines in a research report on Monday, September 30th. Benchmark reaffirmed a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, September 18th. B. Riley upped their target price on shares of 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 set a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday, September 18th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $10.60.

Intuitive Machines Stock Performance

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

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping 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. Equities research analysts expect that Intuitive Machines, Inc. will post 0.47 EPS for the current fiscal year.

Insider Activity

In other Intuitive Machines news, SVP Timothy Price Crain II sold 74,423 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $3.93, for a total transaction of $292,482.39. Following the completion of the sale, the senior vice president now owns 362,810 shares in the company, valued at approximately $1,425,843.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Kamal Seyed Ghaffarian sold 570,705 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $6.08, for a total transaction of $3,469,886.40. Following the sale, the director now owns 3,551,606 shares of the company’s stock, valued at approximately $21,593,764.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Timothy Price Crain II sold 74,423 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $3.93, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 4,115,621 shares of company stock valued at $30,427,371. 73.68% of the stock is currently owned by insiders.

Institutional Trading of Intuitive Machines

A number of large investors have recently bought and sold shares of the business. Squarepoint Ops LLC bought a new position in Intuitive Machines in the second quarter valued at approximately $536,000. Vanguard Group Inc. boosted its stake in Intuitive Machines by 250.0% in the 1st quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock worth $3,758,000 after purchasing an additional 429,531 shares during the period. Wedbush Securities Inc. bought a new position in Intuitive Machines during the 2nd quarter worth about $35,000. XTX Topco Ltd acquired a new position in Intuitive Machines in the 2nd quarter valued at about $164,000. Finally, Bank of New York Mellon Corp bought a new position in Intuitive Machines in the 2nd quarter valued at about $272,000. 72.21% of the stock is owned by institutional investors.

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.