Intuitive Machines (NASDAQ:LUNR) Trading 3.7% Higher – Should You Buy?

Intuitive Machines, Inc. (NASDAQ:LUNR)’s share price was up 3.7% during trading on Friday . The company traded as high as $19.86 and last traded at $19.76. Approximately 3,771,927 shares were traded during trading, a decline of 72% from the average daily volume of 13,674,678 shares. The stock had previously closed at $19.06.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LUNR. Benchmark upped their target price on Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Canaccord Genuity Group raised their target price on shares of Intuitive Machines from $17.50 to $26.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Cantor Fitzgerald upped their target price on Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, B. Riley lifted their price target on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $15.80.

Intuitive Machines Stock Performance

The company has a market cap of $2.65 billion, a price-to-earnings ratio of -6.42 and a beta of 0.90. The company has a fifty day moving average of $14.76 and a two-hundred day moving average of $8.93.

Insider Activity

In other news, SVP Timothy Price Crain II sold 400,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $12.10, for a total value of $4,840,000.00. Following the transaction, the senior vice president now owns 362,810 shares in the company, valued at approximately $4,390,001. The trade was a 52.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kamal Seyed Ghaffarian sold 177,734 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $7.93, for a total transaction of $1,409,430.62. Following the completion of the transaction, the director now owns 3,494,768 shares in the company, valued at approximately $27,713,510.24. The trade was a 4.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,954,713 shares of company stock valued at $24,475,385. 73.68% of the stock is currently owned by corporate insiders.

Institutional Trading of Intuitive Machines

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in Intuitive Machines by 31.2% in the third quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock worth $7,514,000 after purchasing an additional 222,136 shares during the period. State Street Corp grew its stake in shares of Intuitive Machines by 1.3% in the 3rd quarter. State Street Corp now owns 576,051 shares of the company’s stock valued at $4,637,000 after buying an additional 7,538 shares during the period. Squarepoint Ops LLC bought a new stake in Intuitive Machines in the 2nd quarter valued at about $536,000. Penserra Capital Management LLC raised its stake in Intuitive Machines by 16.5% during the 3rd quarter. Penserra Capital Management LLC now owns 147,857 shares of the company’s stock worth $1,190,000 after buying an additional 20,916 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Intuitive Machines by 44.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,791 shares of the company’s stock worth $836,000 after buying an additional 32,015 shares during the period. Institutional investors and hedge funds 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.