Intuitive Machines (NASDAQ:LUNR) Shares Up 4.8%

Intuitive Machines, Inc. (NASDAQ:LUNR) shares rose 4.8% on Friday . The stock traded as high as $8.47 and last traded at $8.36. Approximately 3,529,565 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 8,508,710 shares. The stock had previously closed at $7.98.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday, September 18th. Benchmark reaffirmed a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, September 18th. Roth Mkm reiterated a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday, September 18th. Finally, B. Riley upped 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. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Intuitive Machines has an average rating of “Buy” and an average target price of $10.60.

Intuitive Machines Stock Up 10.0 %

The company’s 50 day moving average price is $5.19 and its two-hundred day moving average price is $5.03. The firm has a market cap of $1.09 billion, a PE ratio of 21.41 and a beta of 0.26.

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

Insider Activity at Intuitive Machines

In other Intuitive Machines news, SVP Timothy Price Crain II sold 50,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $3.36, for a total value of $168,000.00. Following the sale, the senior vice president now owns 362,810 shares in the company, valued at $1,219,041.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Kamal Seyed Ghaffarian sold 1,007,928 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $8.31, for a total value of $8,375,881.68. Following the completion of the sale, the director now owns 3,494,768 shares in the company, valued at $29,041,522.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Timothy Price Crain II sold 50,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $3.36, for a total value of $168,000.00. Following the completion of the transaction, the senior vice president now directly owns 362,810 shares in the company, valued at approximately $1,219,041.60. The disclosure for this sale can be found here. Insiders sold a total of 4,047,755 shares of company stock worth $28,418,647 in the last quarter. 73.68% of the stock is owned by company insiders.

Institutional Investors Weigh In On Intuitive Machines

Hedge funds have recently made changes to their positions in the company. Wedbush Securities Inc. purchased a new position in shares of Intuitive Machines during the second quarter valued at $35,000. Baltimore Washington Financial Advisors Inc. bought a new position in Intuitive Machines during the 1st quarter worth about $67,000. Sender Co & Partners Inc. purchased a new position in Intuitive Machines during the 2nd quarter valued at about $56,000. Sanders Morris Harris LLC bought a new stake in shares of Intuitive Machines in the 1st quarter valued at about $119,000. Finally, Deuterium Capital Management LLC bought a new stake in shares of Intuitive Machines in the 1st quarter valued at about $125,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

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.