Intuitive Machines (NASDAQ:LUNR) Stock Price Up 4.8%

Intuitive Machines, Inc. (NASDAQ:LUNR)’s share price was up 4.8% on Friday . The company traded as high as $8.47 and last traded at $8.36. Approximately 3,529,565 shares traded hands during trading, a decline of 59% from the average daily volume of 8,508,710 shares. The stock had previously closed at $7.98.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LUNR. Benchmark restated a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday, September 18th. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. B. Riley boosted their price objective on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Roth Mkm reiterated a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, September 18th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $10.60.

Intuitive Machines Stock Performance

The company’s 50 day simple moving average is $5.10 and its 200-day simple moving average is $5.01. The firm has a market capitalization of $1.12 billion, a PE ratio of 20.37 and a beta of 0.26.

Intuitive Machines (NASDAQ:LUNR) last posted its earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.09. The business had revenue of $41.41 million for the quarter, compared to analysts’ expectations of $43.00 million. On average, equities research analysts forecast that Intuitive Machines, Inc. will post 0.47 earnings per share for the current fiscal year.

Insider Activity at Intuitive Machines

In other news, SVP Timothy Price Crain II sold 50,000 shares of Intuitive Machines stock in a transaction on Monday, July 1st. The shares were sold at an average price of $3.36, for a total transaction of $168,000.00. Following the completion of the sale, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at approximately $1,219,041.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Timothy Price Crain II sold 50,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $3.36, for a total transaction of $168,000.00. Following the transaction, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at approximately $1,219,041.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kamal Seyed Ghaffarian sold 570,705 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $6.08, for a total value of $3,469,886.40. Following the completion of the sale, the director now owns 3,551,606 shares of the company’s stock, valued at approximately $21,593,764.48. The disclosure for this sale can be found here. Insiders have sold 4,047,755 shares of company stock valued at $28,418,647 over the last three months. 73.68% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intuitive Machines

Institutional investors and hedge funds have recently made changes to their positions in the business. Wedbush Securities Inc. bought a new position in shares of Intuitive Machines during the second quarter valued at about $35,000. Baltimore Washington Financial Advisors Inc. purchased a new position in Intuitive Machines in the 1st quarter worth approximately $67,000. Sender Co & Partners Inc. bought a new stake in Intuitive Machines in the second quarter valued at approximately $56,000. Sanders Morris Harris LLC purchased a new stake in shares of Intuitive Machines during the first quarter valued at approximately $119,000. Finally, Deuterium Capital Management LLC bought a new position in shares of Intuitive Machines in the first quarter worth approximately $125,000. Institutional investors own 72.21% of the company’s stock.

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.