Intuitive Machines (NASDAQ:LUNR) Shares Gap Up – Should You Buy?

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) gapped up prior to trading on Monday . The stock had previously closed at $9.73, but opened at $10.35. Intuitive Machines shares last traded at $9.69, with a volume of 6,095,009 shares.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Monday, September 30th. B. Riley increased their price target on shares of Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Roth Mkm reaffirmed a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, September 18th. Finally, Benchmark reissued a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, September 18th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $10.60.

Intuitive Machines Stock Down 5.5 %

The business’s 50 day simple moving average is $7.54 and its 200-day simple moving average is $5.55.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.09. The firm had revenue of $41.41 million during the quarter, compared to analyst estimates of $43.00 million. On average, equities research analysts predict that Intuitive Machines, Inc. will post 0.47 EPS for the current year.

Insider Transactions at Intuitive Machines

In other news, SVP Timothy Price Crain II sold 125,577 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $4.02, for a total value of $504,819.54. Following the sale, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at approximately $1,458,496.20. This represents a 0.00 % 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. In related news, CFO Steven Vontur sold 10,274 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $5.58, for a total value of $57,328.92. Following the transaction, the chief financial officer now owns 117,500 shares in the company, valued at approximately $655,650. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Timothy Price Crain II sold 125,577 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $4.02, for a total transaction of $504,819.54. Following the sale, the senior vice president now owns 362,810 shares in the company, valued at $1,458,496.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,289,148 shares of company stock valued at $32,122,346 over the last three months. Company insiders own 73.68% of the company’s stock.

Institutional Trading of Intuitive Machines

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wedbush Securities Inc. acquired a new stake in shares of Intuitive Machines in the 2nd quarter valued at $35,000. Sender Co & Partners Inc. acquired a new position in Intuitive Machines during the second quarter worth about $56,000. Waldron Private Wealth LLC bought a new position in shares of Intuitive Machines in the third quarter worth about $83,000. SG Americas Securities LLC acquired a new stake in shares of Intuitive Machines in the 3rd quarter valued at approximately $93,000. Finally, Creative Planning bought a new stake in shares of Intuitive Machines during the 3rd quarter valued at approximately $105,000. Institutional investors own 72.21% of the company’s stock.

About Intuitive Machines

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.