Intuitive Machines (NASDAQ:LUNR) Stock Price Up 7.1% – What’s Next?

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) traded up 7.1% during mid-day trading on Tuesday . The company traded as high as $15.79 and last traded at $15.61. 4,933,029 shares were traded during trading, a decline of 52% from the average session volume of 10,348,559 shares. The stock had previously closed at $14.58.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LUNR shares. B. Riley raised their price target on Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Canaccord Genuity Group reduced their target price on Intuitive Machines from $19.00 to $17.50 and set a “buy” rating for the company in a report on Friday, December 6th. Cantor Fitzgerald increased their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Benchmark boosted their price objective on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a report on Wednesday, September 18th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $14.10.

Intuitive Machines Price Performance

The company has a fifty day moving average price of $11.03 and a 200 day moving average price of $7.12. The company has a market cap of $2.29 billion, a PE ratio of -5.55 and a beta of 0.93.

Insiders Place Their Bets

In other Intuitive Machines news, SVP Timothy Price Crain II sold 400,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $12.10, for a total transaction of $4,840,000.00. Following the transaction, the senior vice president now directly owns 362,810 shares in the company, valued at $4,390,001. This trade represents a 52.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $15.04, for a total transaction of $5,684,713.92. Following the transaction, the director now directly owns 3,494,768 shares in the company, valued at $52,561,310.72. This trade represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,701,785 shares of company stock valued at $18,458,666 in the last quarter. Corporate insiders own 73.68% of the company’s stock.

Hedge Funds Weigh In On Intuitive Machines

A number of large investors have recently added to or reduced their stakes in the business. Wedbush Securities Inc. purchased a new stake in Intuitive Machines during the second quarter valued at about $35,000. Sender Co & Partners Inc. bought a new stake in shares of Intuitive Machines in the 2nd quarter valued at about $56,000. Waldron Private Wealth LLC purchased a new stake in Intuitive Machines during the 3rd quarter valued at about $83,000. The Manufacturers Life Insurance Company bought a new position in Intuitive Machines during the 3rd quarter worth approximately $85,000. Finally, SG Americas Securities LLC purchased a new position in Intuitive Machines in the 3rd quarter worth approximately $93,000. Hedge funds and other 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.