Intuitive Machines (NASDAQ:LUNR) Stock Price Up 5.6% – Time to Buy?

Intuitive Machines, Inc. (NASDAQ:LUNR) rose 5.6% during trading on Wednesday . The stock traded as high as $14.75 and last traded at $14.67. Approximately 8,485,508 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 10,218,512 shares. The stock had previously closed at $13.89.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LUNR. Cantor Fitzgerald increased their price objective on Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Canaccord Genuity Group cut their price objective on shares of Intuitive Machines from $19.00 to $17.50 and set a “buy” rating on the stock in a report on Friday, December 6th. Benchmark upped their target price on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 15th. Roth Mkm restated 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 lifted their target price on Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Intuitive Machines has an average rating of “Buy” and a consensus target price of $14.10.

Intuitive Machines Stock Down 5.3 %

The business’s fifty day moving average price is $10.68 and its 200 day moving average price is $6.94. The firm has a market capitalization of $1.85 billion, a PE ratio of -4.47 and a beta of 0.93.

Insider Activity

In other news, SVP Timothy Price Crain II sold 400,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $12.10, for a total value of $4,840,000.00. Following the completion of the transaction, the senior vice president now owns 362,810 shares in the company, valued at $4,390,001. This trade represents a 52.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $15.04, for a total value of $5,684,713.92. Following the sale, the director now owns 3,494,768 shares in the company, valued at approximately $52,561,310.72. The trade was a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,621,440 shares of company stock valued at $34,502,041. Company insiders own 73.68% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

A number of large investors have recently bought and sold shares of LUNR. FORA Capital LLC purchased a new stake in shares of Intuitive Machines in the third quarter valued at $458,000. Squarepoint Ops LLC purchased a new position in shares of Intuitive Machines during the 2nd quarter worth about $536,000. Wedbush Securities Inc. acquired a new stake in shares of Intuitive Machines in the second quarter worth approximately $35,000. XTX Topco Ltd purchased a new stake in Intuitive Machines in the second quarter valued at approximately $164,000. Finally, Bank of New York Mellon Corp acquired a new position in Intuitive Machines during the second quarter worth approximately $272,000. 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.