Intuitive Machines (NASDAQ:LUNR) Shares Up 2.5% – Still a Buy?

by · The Cerbat Gem

Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report) shares shot 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 traded hands 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 Upgrades and Downgrades

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

Check Out Our Latest Report on LUNR

Intuitive Machines Stock Performance

The company has a market capitalization of $982.12 million, a PE ratio of -9.04 and a beta of 0.34. The company has a 50 day moving average price of $5.78 and a 200 day moving average price of $5.14.

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

Insider Buying and Selling

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 125,991 shares of the stock in a transaction that occurred 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 transaction, the director now owns 3,494,768 shares of the company’s stock, valued at $25,966,126.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Kamal Seyed Ghaffarian sold 125,991 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $25,966,126.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Stephen J. Altemus sold 250,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at approximately $8,207,380.19. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,973,746 shares of company stock worth $28,581,000. Corporate insiders own 73.68% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. acquired a new position in shares of Intuitive Machines during the second quarter valued at $35,000. Sender Co & Partners Inc. bought a new stake in Intuitive Machines in the 2nd quarter valued at about $56,000. Baltimore Washington Financial Advisors Inc. bought a new position in Intuitive Machines in the 1st quarter worth about $67,000. SG Americas Securities LLC acquired a new stake in shares of Intuitive Machines in the third quarter valued at approximately $93,000. Finally, Rhumbline Advisers acquired a new position in shares of Intuitive Machines during the second quarter worth approximately $119,000. 72.21% of the stock is currently owned by institutional investors.

Intuitive Machines Company Profile

(Get Free Report)

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.

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