Intuitive Machines (NASDAQ:LUNR) Sets New 12-Month High – Time to Buy?

Intuitive Machines, Inc. (NASDAQ:LUNR)’s stock price hit a new 52-week high on Thursday . The company traded as high as $13.88 and last traded at $13.88, with a volume of 12436959 shares changing hands. The stock had previously closed at $11.76.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. B. Riley upped 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 reissued a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday, September 18th. Benchmark restated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday, September 18th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Monday, September 30th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $10.60.

Intuitive Machines Price Performance

The business’s 50 day simple moving average is $7.77 and its 200-day simple moving average is $5.63. The stock has a market capitalization of $1.44 billion, a P/E ratio of -14.34 and a beta of 0.35.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to the consensus estimate of $43.00 million. Research analysts anticipate that Intuitive Machines, Inc. will post 0.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Intuitive Machines

In other news, CEO Stephen J. Altemus sold 61,432 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $11.00, for a total transaction of $675,752.00. Following the completion of the transaction, the chief executive officer now directly owns 910,919 shares in the company, valued at approximately $10,020,109. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Intuitive Machines news, CEO Stephen J. Altemus sold 440,288 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $6.03, for a total value of $2,654,936.64. Following the completion of the transaction, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at approximately $5,492,841.57. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen J. Altemus sold 61,432 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $11.00, for a total value of $675,752.00. Following the completion of the sale, the chief executive officer now owns 910,919 shares of the company’s stock, valued at $10,020,109. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,225,003 shares of company stock valued at $32,293,278. 73.68% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intuitive Machines

Several institutional investors and hedge funds have recently modified their holdings of the business. FORA Capital LLC acquired a new position in Intuitive Machines in the 3rd quarter worth $458,000. MetLife Investment Management LLC acquired a new stake in Intuitive Machines in the 3rd quarter valued at approximately $138,000. The Manufacturers Life Insurance Company bought a new stake in Intuitive Machines in the 3rd quarter valued at approximately $85,000. Penserra Capital Management LLC boosted its position in Intuitive Machines by 16.5% during the 3rd quarter. Penserra Capital Management LLC now owns 147,857 shares of the company’s stock worth $1,190,000 after acquiring an additional 20,916 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Intuitive Machines by 44.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,791 shares of the company’s stock worth $836,000 after acquiring an additional 32,015 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.