Intuitive Machines (NASDAQ:LUNR) Stock Price Up 13.9%

Intuitive Machines, Inc. (NASDAQ:LUNR)’s share price rose 13.9% during trading on Thursday . The company traded as high as $4.10 and last traded at $4.09. Approximately 3,777,285 shares changed hands during trading, a decline of 31% from the average daily volume of 5,482,447 shares. The stock had previously closed at $3.59.

Analyst Ratings Changes

LUNR has been the subject of a number of recent research reports. Benchmark reiterated a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Wednesday. Roth Mkm lowered their price target on Intuitive Machines from $15.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. B. Riley assumed coverage on Intuitive Machines in a report on Friday, June 28th. They issued a “buy” rating and a $8.00 price target for the company. Finally, Canaccord Genuity Group decreased their target price on Intuitive Machines from $14.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $9.80.

Intuitive Machines Trading Up 13.1 %

The stock has a 50-day simple moving average of $3.88 and a 200-day simple moving average of $4.96. The company has a market capitalization of $506.01 million, a price-to-earnings ratio of 9.29 and a beta of 0.21.

Intuitive Machines (NASDAQ:LUNR) last announced its earnings results on Tuesday, May 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). The business had revenue of $73.07 million during the quarter, compared to the consensus estimate of $45.00 million. During the same quarter last year, the firm posted ($0.24) earnings per share. On average, research analysts forecast that Intuitive Machines, Inc. will post 0.3 EPS for the current year.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, SVP Timothy Price Crain II sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $3.36, for a total value of $168,000.00. Following the transaction, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at approximately $1,219,041.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Stephen J. Altemus sold 203,018 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $4.53, for a total transaction of $919,671.54. Following the sale, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at approximately $4,126,463.07. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Timothy Price Crain II sold 50,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $3.36, for a total value of $168,000.00. Following the transaction, the senior vice president now owns 362,810 shares of the company’s stock, valued at $1,219,041.60. The disclosure for this sale can be found here. Insiders have sold a total of 481,473 shares of company stock valued at $2,004,098 in the last three months. Corporate insiders own 73.68% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Solstein Capital LLC bought a new position in Intuitive Machines during the 1st quarter worth $44,000. Wedbush Securities Inc. bought a new position in shares of Intuitive Machines in the second quarter worth $35,000. Baltimore Washington Financial Advisors Inc. bought a new position in shares of Intuitive Machines in the first quarter worth $67,000. Sender Co & Partners Inc. bought a new position in shares of Intuitive Machines in the second quarter worth $56,000. Finally, Sanders Morris Harris LLC bought a new position in shares of Intuitive Machines in the first quarter worth $119,000. 72.21% of the stock is currently owned by institutional investors.

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.