Intuitive Machines (NASDAQ:LUNR) Shares Down 5% – Time to Sell?

Intuitive Machines, Inc. (NASDAQ:LUNR)’s stock price fell 5% on Tuesday . The company traded as low as $17.81 and last traded at $17.99. 7,233,575 shares were traded during mid-day trading, a decline of 31% from the average session volume of 10,508,487 shares. The stock had previously closed at $18.94.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LUNR. Cantor Fitzgerald upped their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Canaccord Genuity Group dropped their price target on shares of Intuitive Machines from $19.00 to $17.50 and set a “buy” rating on the stock in a research note on Friday, December 6th. Roth Mkm restated a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday, September 18th. B. Riley increased their price objective 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, Benchmark increased their price objective on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 15th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $14.10.

Intuitive Machines Price Performance

The stock has a market capitalization of $2.55 billion, a P/E ratio of -6.18 and a beta of 0.93. The stock’s fifty day moving average is $12.53 and its two-hundred day moving average is $7.84.

Insider Buying and Selling

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $15.04, for a total value of $5,684,713.92. Following the completion of the sale, the director now owns 3,494,768 shares in the company, valued at $52,561,310.72. This represents a 9.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Timothy Price Crain II sold 400,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $12.10, for a total transaction of $4,840,000.00. Following the completion of the sale, the senior vice president now owns 362,810 shares of the company’s stock, valued at approximately $4,390,001. The trade was a 52.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,702,731 shares of company stock valued at $18,475,694. Company insiders own 73.68% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LUNR. Waldron Private Wealth LLC bought a new position in shares of Intuitive Machines during the 3rd quarter valued at $83,000. Wedbush Securities Inc. bought a new position in shares of Intuitive Machines during the 2nd quarter valued at $35,000. The Manufacturers Life Insurance Company bought a new position in shares of Intuitive Machines during the 3rd quarter valued at $85,000. SG Americas Securities LLC bought a new position in shares of Intuitive Machines during the 3rd quarter valued at $93,000. Finally, Creative Planning bought a new position in shares of Intuitive Machines during the 3rd quarter valued at $105,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

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.