Intuitive Machines (NASDAQ:LUNR) Stock Price Up 3%

Intuitive Machines, Inc. (NASDAQ:LUNR)’s share price shot up 3% during trading on Thursday . The company traded as high as $5.19 and last traded at $5.16. 431,498 shares traded hands during trading, a decline of 95% from the average session volume of 8,756,856 shares. The stock had previously closed at $5.01.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LUNR. Benchmark reissued a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a research note on Thursday, April 4th. Roth Mkm restated a “buy” rating and set a $15.00 price objective on shares of Intuitive Machines in a research report on Thursday, April 4th. Finally, Cantor Fitzgerald decreased their price objective on Intuitive Machines from $13.00 to $10.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd.

Intuitive Machines Price Performance

The firm has a fifty day moving average price of $6.01 and a two-hundred day moving average price of $4.05. The stock has a market capitalization of $630.69 million, a PE ratio of 2.09 and a beta of 0.23.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings results on Monday, March 25th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.01. Intuitive Machines had a negative return on equity of 2.04% and a net margin of 78.98%. The firm had revenue of $30.56 million for the quarter, compared to the consensus estimate of $17.70 million. On average, research analysts expect that Intuitive Machines, Inc. will post -0.48 earnings per share for the current fiscal year.

Insider Transactions at Intuitive Machines

In related news, major shareholder Guy Shanon sold 123,717 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $8.99, for a total value of $1,112,215.83. Following the transaction, the insider now owns 1,302,673 shares of the company’s stock, valued at $11,711,030.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 78.93% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sanders Morris Harris LLC bought a new position in Intuitive Machines in the first quarter worth approximately $119,000. Tealwood Asset Management Inc. bought a new position in Intuitive Machines in the first quarter worth approximately $131,000. Inscription Capital LLC bought a new position in Intuitive Machines in the first quarter worth approximately $304,000. Vanguard Group Inc. boosted its position in Intuitive Machines by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 171,823 shares of the company’s stock valued at $439,000 after acquiring an additional 4,387 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Intuitive Machines during the 4th quarter valued at $81,000. Institutional investors own 72.21% of the company’s stock.

About Intuitive Machines

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.