Intuitive Machines (NASDAQ:LUNR) Stock Price Up 2.5% – Time to Buy?

Intuitive Machines, Inc. (NASDAQ:LUNR)’s stock price traded up 2.5% during trading on Friday . The company traded as high as $7.49 and last traded at $7.41. 2,721,329 shares were traded during trading, a decline of 69% from the average session volume of 8,654,276 shares. The stock had previously closed at $7.23.

Analyst Ratings Changes

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

Intuitive Machines Stock Up 5.3 %

The firm has a market capitalization of $978.27 million, a price-to-earnings ratio of -9.28 and a beta of 0.34. The stock’s 50 day moving average price is $5.86 and its two-hundred day moving average price is $5.14.

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

Insider Transactions at Intuitive Machines

In other news, Director Kamal Seyed Ghaffarian sold 125,991 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $7.43, for a total value of $936,113.13. Following the transaction, the director now directly owns 3,494,768 shares of the company’s stock, valued at approximately $25,966,126.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Michael Blitzer sold 662,673 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $8.19, for a total value of $5,427,291.87. Following the completion of the sale, the director now directly owns 1,062,865 shares in the company, valued at approximately $8,704,864.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Kamal Seyed Ghaffarian sold 125,991 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $7.43, for a total transaction of $936,113.13. Following the completion of the sale, the director now owns 3,494,768 shares of the company’s stock, valued at $25,966,126.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,973,746 shares of company stock valued at $28,581,000. 73.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Intuitive Machines

A number of large investors have recently bought and sold shares of the business. Creative Planning bought a new stake in Intuitive Machines in the third quarter worth $105,000. SG Americas Securities LLC bought a new stake in Intuitive Machines in the third quarter worth $93,000. Sender Co & Partners Inc. bought a new stake in Intuitive Machines during the second quarter valued at about $56,000. Squarepoint Ops LLC acquired a new stake in shares of Intuitive Machines in the second quarter valued at about $536,000. Finally, XTX Topco Ltd bought a new position in shares of Intuitive Machines in the second quarter worth about $164,000. 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.