Intuitive Machines (NASDAQ:LUNR) Shares Up 1.5% – Should You Buy?

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LUNR. Benchmark restated a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a report on Wednesday, September 18th. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 target price on shares of Intuitive Machines in a report on Monday, September 30th. B. Riley boosted their target price on shares of Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Finally, Roth Mkm restated a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a report on Wednesday, September 18th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $10.60.

Intuitive Machines Price Performance

The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -9.74 and a beta of 0.34. The business’s 50-day simple moving average is $6.76 and its two-hundred day simple moving average is $5.29.

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

Insider Transactions at Intuitive Machines

In other news, CEO Stephen J. Altemus sold 250,000 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $9.01, for a total transaction of $2,252,500.00. Following the transaction, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at approximately $8,207,380.19. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Kamal Seyed Ghaffarian sold 344,893 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $8.02, for a total transaction of $2,766,041.86. Following the transaction, the director now directly owns 3,494,768 shares of the company’s stock, valued at approximately $28,028,039.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephen J. Altemus sold 250,000 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $9.01, for a total transaction of $2,252,500.00. Following the transaction, the chief executive officer now directly owns 910,919 shares in the company, valued at approximately $8,207,380.19. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,111,589 shares of company stock valued at $30,409,186. Corporate insiders own 73.68% of the company’s stock.

Institutional Trading of Intuitive Machines

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wedbush Securities Inc. bought a new stake in Intuitive Machines during the second quarter valued at $35,000. Sender Co & Partners Inc. bought a new stake in Intuitive Machines during the second quarter valued at $56,000. Baltimore Washington Financial Advisors Inc. bought a new stake in Intuitive Machines during the first quarter valued at $67,000. Waldron Private Wealth LLC bought a new stake in Intuitive Machines during the third quarter valued at $83,000. Finally, SG Americas Securities LLC bought a new stake in Intuitive Machines during the third quarter valued at $93,000. Institutional investors 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.