Intuitive Machines (NASDAQ:LUNR) Issues Earnings Results

Intuitive Machines (NASDAQ:LUNR) issued its earnings results on Tuesday. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.12, Zacks reports. The company had revenue of $54.66 million for the quarter, compared to analyst estimates of $72.58 million.

Intuitive Machines Stock Performance

Shares of NASDAQ:LUNR traded down $0.41 during midday trading on Wednesday, hitting $8.79. The company’s stock had a trading volume of 11,602,298 shares, compared to its average volume of 11,742,784. The stock’s 50 day simple moving average is $15.91 and its 200 day simple moving average is $12.96. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -2.99 and a beta of 1.01. Intuitive Machines has a fifty-two week low of $3.15 and a fifty-two week high of $24.95.

Insider Buying and Selling

In other news, insider Steven Vontur sold 9,266 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $22.50, for a total transaction of $208,485.00. Following the completion of the transaction, the insider now directly owns 98,656 shares in the company, valued at $2,219,760. The trade was a 8.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the completion of the sale, the director now owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. The trade was a 9.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 392,713 shares of company stock valued at $7,250,066. Insiders own 73.68% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Roth Capital set a $20.00 target price on shares of Intuitive Machines in a research note on Friday, March 7th. Benchmark reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Intuitive Machines in a research note on Tuesday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intuitive Machines in a research report on Tuesday, February 25th. They set a “hold” rating and a $18.00 target price on the stock. Cantor Fitzgerald reduced their price target on Intuitive Machines from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Roth Mkm lowered their price objective on Intuitive Machines from $20.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Intuitive Machines has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

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.