Intuitive Machines (NASDAQ:LUNR) Stock Price Up 2.1% – What’s Next?

Intuitive Machines, Inc. (NASDAQ:LUNR) shares shot up 2.1% during mid-day trading on Tuesday . The company traded as high as $18.30 and last traded at $17.26. 3,969,054 shares were traded during trading, a decline of 73% from the average session volume of 14,554,187 shares. The stock had previously closed at $16.91.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. B. Riley lifted their target price on shares of Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Benchmark upped their target price on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 15th. Roth Mkm reiterated a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. Cantor Fitzgerald boosted their price target on Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Canaccord Genuity Group increased their price objective on Intuitive Machines from $17.50 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $15.80.

Intuitive Machines Stock Up 0.1 %

The firm’s fifty day moving average is $14.36 and its 200-day moving average is $8.76. The stock has a market capitalization of $2.37 billion, a PE ratio of -5.76 and a beta of 0.90.

Insider Transactions at Intuitive Machines

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

Institutional Investors Weigh In On Intuitive Machines

A number of institutional investors and hedge funds have recently modified their holdings of LUNR. Waldron Private Wealth LLC purchased a new stake in Intuitive Machines during the third quarter worth $83,000. Wedbush Securities Inc. purchased a new stake in shares of Intuitive Machines in the 2nd quarter worth about $35,000. The Manufacturers Life Insurance Company acquired a new stake in Intuitive Machines in the 3rd quarter valued at about $85,000. SG Americas Securities LLC purchased a new position in Intuitive Machines during the 3rd quarter valued at about $93,000. Finally, Creative Planning purchased a new position in Intuitive Machines during the 3rd quarter valued at about $105,000. 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.