Intuitive Machines (NASDAQ:LUNR) Shares Gap Down to $5.25

Intuitive Machines, Inc. (NASDAQ:LUNR) gapped down prior to trading on Tuesday . The stock had previously closed at $5.25, but opened at $5.09. Intuitive Machines shares last traded at $5.01, with a volume of 940,444 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on LUNR shares. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, August 14th. Benchmark reissued a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday, August 14th. Canaccord Genuity Group reduced their target price on shares of Intuitive Machines from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Roth Mkm lowered their price target on shares of Intuitive Machines from $15.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Finally, B. Riley started coverage on shares of Intuitive Machines in a research report on Friday, June 28th. They issued a “buy” rating and a $8.00 price objective on the stock. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $9.80.

Intuitive Machines Stock Down 4.3 %

The stock has a market capitalization of $582.03 million, a price-to-earnings ratio of 11.39 and a beta of 0.21. The stock has a fifty day moving average of $4.04 and a 200-day moving average of $5.04.

Insider Activity

In related news, SVP Timothy Price Crain II sold 50,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $3.36, for a total value of $168,000.00. Following the completion of the sale, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at $1,219,041.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Intuitive Machines news, CEO Stephen J. Altemus sold 203,018 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $4.53, for a total value of $919,671.54. Following the completion of the sale, the chief executive officer now owns 910,919 shares in the company, valued at $4,126,463.07. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Timothy Price Crain II sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $3.36, for a total transaction of $168,000.00. Following the transaction, the senior vice president now owns 362,810 shares in the company, valued at $1,219,041.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 607,050 shares of company stock worth $2,508,917. Corporate insiders own 73.68% of the company’s stock.

Institutional Trading of Intuitive Machines

Large investors have recently bought and sold shares of the business. Wedbush Securities Inc. acquired a new position in Intuitive Machines in the second quarter valued at $35,000. Solstein Capital LLC acquired a new position in Intuitive Machines in the 1st quarter valued at about $44,000. Sender Co & Partners Inc. purchased a new stake in Intuitive Machines during the 2nd quarter valued at approximately $56,000. Baltimore Washington Financial Advisors Inc. acquired a new stake in Intuitive Machines during the 1st quarter worth approximately $67,000. Finally, Rhumbline Advisers purchased a new position in shares of Intuitive Machines in the 2nd quarter valued at approximately $119,000. 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.