Intuitive Machines (NASDAQ:LUNR) Issues Earnings Results

Intuitive Machines (NASDAQ:LUNR) posted its quarterly earnings data on Tuesday. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.12, Zacks reports. The firm had revenue of $54.66 million during the quarter, compared to analyst estimates of $72.58 million.

Intuitive Machines Trading Down 4.5 %

Shares of LUNR opened at $8.79 on Thursday. Intuitive Machines has a twelve month low of $3.15 and a twelve month high of $24.95. The firm has a market capitalization of $1.23 billion, a P/E ratio of -2.99 and a beta of 1.01. The firm’s 50-day moving average is $15.70 and its two-hundred day moving average is $12.93.

Insider Activity

In other news, insider Steven Vontur sold 9,266 shares of Intuitive Machines stock in a transaction 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 owns 98,656 shares of the company’s stock, valued at $2,219,760. The trade was a 8.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business’s stock in a transaction dated 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 $64,128,992.80. This represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 391,767 shares of company stock worth $7,233,038. Company insiders own 73.68% of the company’s stock.

Analyst Ratings Changes

LUNR has been the subject of several recent research reports. Roth Mkm decreased their target price on shares of Intuitive Machines from $20.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 11th. Cantor Fitzgerald dropped their price objective on shares of Intuitive Machines from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday. Roth Capital set a $20.00 target price on shares of Intuitive Machines in a research note on Friday, March 7th. Benchmark reiterated a “buy” rating and set a $16.00 price target on shares of Intuitive Machines in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They set a “hold” rating and a $18.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.