Zacks Investment Research downgraded Intuitive Machines (NASDAQ: LUNR). The firm moved the rating from "hold" to "strong sell." This research note was issued on Monday.
Shares of the space exploration company fell 5.3%. The stock opened at $12.18 on Wednesday.
Intuitive Machines recently missed quarterly earnings expectations. The company reported an adjusted loss of $0.29 per share. This loss was wider than the anticipated $0.09 loss.
The consensus among several other analysts remains a "hold" or "buy." These analysts maintain a wide range of price targets.