Intuitive Machines (NASDAQ:LUNR) Trading Down 12.8% – Time to Sell?

by · The Markets Daily

Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report) fell 12.8% on Monday . The company traded as low as $37.80 and last traded at $38.21. 15,942,900 shares were traded during trading, an increase of 17% from the average session volume of 13,582,653 shares. The stock had previously closed at $43.83.

Analysts Set New Price Targets

A number of research firms have weighed in on LUNR. B. Riley Financial boosted their target price on shares of Intuitive Machines to $45.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Wall Street Zen raised shares of Intuitive Machines from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 24th. KeyCorp boosted their target price on shares of Intuitive Machines from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Cantor Fitzgerald boosted their target price on shares of Intuitive Machines from $26.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 19th. Finally, Roth Mkm boosted their target price on shares of Intuitive Machines from $25.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $31.50.

View Our Latest Report on LUNR

Intuitive Machines Stock Performance

The company has a market cap of $8.29 billion, a price-to-earnings ratio of -43.42 and a beta of 1.68. The stock’s fifty day moving average is $27.32 and its two-hundred day moving average is $19.73.

Intuitive Machines (NASDAQ:LUNR – Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The business had revenue of $186.73 million for the quarter, compared to analysts’ expectations of $202.95 million. On average, equities research analysts expect that Intuitive Machines, Inc. will post -0.35 EPS for the current year.

Insider Buying and Selling at Intuitive Machines

In related news, CEO Stephen J. Altemus sold 13,751 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $23.61, for a total value of $324,661.11. Following the completion of the transaction, the chief executive officer directly owned 1,162,495 shares of the company’s stock, valued at approximately $27,446,506.95. This trade represents a 1.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Peter Mcgrath sold 24,554 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $23.61, for a total transaction of $579,719.94. Following the completion of the transaction, the chief financial officer directly owned 401,246 shares of the company’s stock, valued at approximately $9,473,418.06. The trade was a 5.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,048,206 shares of company stock valued at $24,782,839 in the last quarter. Corporate insiders own 54.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Trustees of the University of Pennsylvania purchased a new position in Intuitive Machines in the 4th quarter worth $52,689,000. First Trust Advisors LP raised its position in Intuitive Machines by 3,582.9% in the 3rd quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock worth $25,809,000 after purchasing an additional 2,386,688 shares during the period. Renaissance Technologies LLC purchased a new position in Intuitive Machines in the 1st quarter worth $35,895,000. Jump Financial LLC raised its position in Intuitive Machines by 5,262.9% in the 3rd quarter. Jump Financial LLC now owns 1,339,872 shares of the company’s stock worth $14,095,000 after purchasing an additional 1,314,888 shares during the period. Finally, Bank of America Corp DE raised its position in Intuitive Machines by 188.9% in the 1st quarter. Bank of America Corp DE now owns 1,882,973 shares of the company’s stock worth $34,948,000 after purchasing an additional 1,231,188 shares during the period. 72.21% of the stock is owned by institutional investors.

About Intuitive Machines

(Get Free Report)

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA’s Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.

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