Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report) major shareholder International L.P. Advent sold 11,495,514 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $12.84, for a total value of $147,602,399.76. Following the sale, the insider directly owned 11,495,514 shares in the company, valued at $147,602,399.76. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Intuitive Machines Price Performance
Intuitive Machines stock traded down $0.98 during trading hours on Wednesday, reaching $11.39. The stock had a trading volume of 7,784,728 shares, compared to its average volume of 13,033,756. The company has a market cap of $2.47 billion, a price-to-earnings ratio of -12.94 and a beta of 1.78. The business’s 50 day moving average price is $23.96 and its 200-day moving average price is $22.37. Intuitive Machines, Inc. has a 52 week low of $7.78 and a 52 week high of $46.75.
Intuitive Machines (NASDAQ:LUNR – Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share (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 analyst estimates of $202.95 million. On average, sell-side analysts forecast that Intuitive Machines, Inc. will post -0.36 EPS for the current fiscal year.
Institutional Investors Weigh In On Intuitive Machines
Analysts Set New Price Targets
LUNR has been the subject of several analyst reports. Roth Capital boosted their price objective on Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a report on Friday, April 17th. Cantor Fitzgerald raised their target price on Intuitive Machines from $26.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, May 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a research report on Friday, July 17th. Stifel Nicolaus set a $32.00 price target on Intuitive Machines in a report on Friday, May 15th. Finally, Canaccord Genuity Group upped their price objective on Intuitive Machines from $24.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $33.31.
View Our Latest Stock Report on Intuitive Machines
About Intuitive Machines
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.
Further Reading
- Five stocks we like better than Intuitive Machines
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Receive News & Ratings for Intuitive Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Machines and related companies with MarketBeat.com's FREE daily email newsletter.
