Intuitive Machines (NASDAQ:LUNR) Posts Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Intuitive Machines (NASDAQ:LUNR) issued its earnings results 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 analysts’ expectations of $72.58 million.

Intuitive Machines Stock Down 4.5 %

LUNR stock traded down $0.41 during mid-day trading on Wednesday, reaching $8.79. The company had a trading volume of 11,602,298 shares, compared to its average volume of 11,742,784. Intuitive Machines has a one year low of $3.15 and a one year high of $24.95. The stock has a market capitalization of $1.23 billion, a P/E ratio of -2.99 and a beta of 1.01. The stock’s 50-day simple moving average is $15.91 and its two-hundred day simple moving average is $12.96.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the 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 transaction, the director now directly owns 3,494,768 shares of the company’s stock, valued at approximately $64,128,992.80. This trade represents a 9.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Steven Vontur sold 9,266 shares of Intuitive Machines stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $22.50, for a total value of $208,485.00. Following the transaction, the insider now directly owns 98,656 shares in the company, valued at approximately $2,219,760. The trade was a 8.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 392,713 shares of company stock valued at $7,250,066 in the last ninety days. Company insiders own 73.68% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on LUNR. Canaccord Genuity Group decreased their price target on Intuitive Machines from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft began coverage on Intuitive Machines in a research report on Tuesday, February 25th. They issued a “hold” rating and a $18.00 price target for the company. Benchmark restated a “buy” rating and set a $16.00 target price on shares of Intuitive Machines in a report on Tuesday. Bank of America started coverage on Intuitive Machines in a research report on Wednesday, February 5th. They set an “underperform” rating and a $16.00 price objective for the company. Finally, Roth Mkm reduced their price objective on Intuitive Machines from $20.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, March 11th. One 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $16.00.

Intuitive Machines Company Profile

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.