Intuitive Machines (NASDAQ:LUNR) Stock Price Up 1.5% – Still a Buy?

Intuitive Machines, Inc. (NASDAQ:LUNR)’s stock price traded up 1.5% on Thursday . The stock traded as high as $8.48 and last traded at $8.19. 3,736,638 shares changed hands during trading, a decline of 57% from the average session volume of 8,734,615 shares. The stock had previously closed at $8.07.

Analyst Ratings Changes

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

Intuitive Machines Stock Down 1.2 %

The company has a 50 day simple moving average of $6.61 and a 200-day simple moving average of $5.25. The stock has a market capitalization of $993.32 million, a price-to-earnings ratio of 19.98 and a beta of 0.34.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. The firm had revenue of $41.41 million during the quarter, compared to the consensus estimate of $43.00 million. As a group, sell-side analysts anticipate that Intuitive Machines, Inc. will post 0.47 earnings per share for the current fiscal year.

Insider Transactions at Intuitive Machines

In related news, Director Kamal Seyed Ghaffarian sold 344,893 shares of Intuitive Machines stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $8.02, for a total transaction of $2,766,041.86. Following the transaction, the director now owns 3,494,768 shares of the company’s stock, valued at $28,028,039.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Timothy Price Crain II sold 74,423 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $3.93, for a total transaction of $292,482.39. Following the completion of the transaction, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at $1,425,843.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kamal Seyed Ghaffarian sold 344,893 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $8.02, for a total value of $2,766,041.86. Following the completion of the sale, the director now directly owns 3,494,768 shares of the company’s stock, valued at $28,028,039.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,115,621 shares of company stock valued at $30,427,371 over the last three months. Corporate insiders own 73.68% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Intuitive Machines by 250.0% during the 1st quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock valued at $3,758,000 after acquiring an additional 429,531 shares during the period. Squarepoint Ops LLC purchased a new position in shares of Intuitive Machines during the second quarter worth about $536,000. Bank of New York Mellon Corp bought a new position in shares of Intuitive Machines in the 2nd quarter worth $272,000. Sanders Morris Harris LLC raised its position in Intuitive Machines by 264.9% during the second quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock valued at $230,000 after purchasing an additional 50,600 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Intuitive Machines during the 2nd quarter valued at about $164,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

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.