Intuitive Machines (NASDAQ:LUNR) Trading 3.4% Higher

Intuitive Machines, Inc. (NASDAQ:LUNRGet Free Report)’s stock price traded up 3.4% on Thursday . The company traded as high as $5.21 and last traded at $5.19. 398,466 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 6,851,351 shares. The stock had previously closed at $5.02.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Canaccord Genuity Group cut their price objective on Intuitive Machines from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research note on Tuesday. Roth Mkm lowered their price objective on Intuitive Machines from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Finally, Benchmark reiterated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research note on Thursday, April 4th.

View Our Latest Analysis on Intuitive Machines

Intuitive Machines Stock Performance

The firm has a market capitalization of $639.35 million, a P/E ratio of 12.66 and a beta of 0.34. The stock has a 50-day moving average of $5.54 and a 200 day moving average of $4.48.

Intuitive Machines (NASDAQ:LUNRGet Free Report) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). Intuitive Machines had a negative return on equity of 2.04% and a negative net margin of 19.48%. The business had revenue of $73.07 million for the quarter, compared to the consensus estimate of $45.00 million. During the same quarter last year, the company earned ($0.24) earnings per share. On average, equities analysts predict that Intuitive Machines, Inc. will post -0.05 EPS for the current year.

Institutional Trading of Intuitive Machines

A number of large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new position in Intuitive Machines during the third quarter worth about $365,000. Nomura Holdings Inc. bought a new position in Intuitive Machines during the third quarter worth about $1,369,000. Hemington Wealth Management bought a new position in Intuitive Machines during the fourth quarter worth about $26,000. Inscription Capital LLC bought a new position in Intuitive Machines during the first quarter worth about $304,000. Finally, Tealwood Asset Management Inc. bought a new position in Intuitive Machines during the first quarter worth about $131,000. Institutional investors own 72.21% of the company’s stock.

Intuitive Machines Company Profile

(Get Free Report)

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 ┬ÁNova, 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.

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