Intuitive Machines (NASDAQ:LUNR) Shares Gap Up – What’s Next?

Intuitive Machines, Inc. (NASDAQ:LUNR) shares gapped up before the market opened on Tuesday . The stock had previously closed at $21.14, but opened at $22.38. Intuitive Machines shares last traded at $21.67, with a volume of 2,588,049 shares.

Wall Street Analyst Weigh In

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

Intuitive Machines Stock Performance

The company has a 50-day simple moving average of $16.38 and a 200 day simple moving average of $9.93. The company has a market capitalization of $2.96 billion, a P/E ratio of -7.18 and a beta of 0.90.

Insiders Place Their Bets

In other news, Director Kamal Seyed Ghaffarian sold 177,734 shares of Intuitive Machines stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $7.93, for a total transaction of $1,409,430.62. Following the sale, the director now owns 3,494,768 shares of the company’s stock, valued at approximately $27,713,510.24. This trade represents a 4.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen J. Altemus sold 61,432 shares of Intuitive Machines stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $11.00, for a total value of $675,752.00. Following the sale, the chief executive officer now directly owns 910,919 shares in the company, valued at $10,020,109. The trade was a 6.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,609,820 shares of company stock valued at $21,709,343 in the last three months. Company insiders own 73.68% of the company’s stock.

Institutional Trading of Intuitive Machines

Institutional investors have recently bought and sold shares of the stock. Waldron Private Wealth LLC acquired a new stake in Intuitive Machines in the 3rd quarter valued at $83,000. The Manufacturers Life Insurance Company acquired a new stake in Intuitive Machines in the 3rd quarter valued at $85,000. SG Americas Securities LLC acquired a new stake in Intuitive Machines in the 3rd quarter valued at $93,000. Creative Planning acquired a new stake in Intuitive Machines in the 3rd quarter valued at $105,000. Finally, LMR Partners LLP acquired a new stake in Intuitive Machines in the 3rd quarter valued at $110,000. 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.