Intuitive Machines (NASDAQ:LUNR) Stock Price Up 2.1% – Time to Buy?

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) were up 2.1% during mid-day trading on Tuesday . The company traded as high as $18.30 and last traded at $17.26. Approximately 3,969,054 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 14,554,187 shares. The stock had previously closed at $16.91.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on LUNR shares. Canaccord Genuity Group raised their price target on Intuitive Machines from $17.50 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Roth Mkm reiterated a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday, September 18th. Cantor Fitzgerald upped their target price on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Benchmark raised their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, B. Riley boosted their price objective on shares of Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $15.80.

Intuitive Machines Trading Up 0.1 %

The stock’s 50 day moving average price is $14.36 and its 200 day moving average price is $8.76. The company has a market cap of $2.37 billion, a price-to-earnings ratio of -5.76 and a beta of 0.90.

Insiders Place Their Bets

In other news, SVP Timothy Price Crain II sold 400,000 shares of Intuitive Machines stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $12.10, for a total transaction of $4,840,000.00. Following the sale, the senior vice president now owns 362,810 shares in the company, valued at $4,390,001. This trade represents a 52.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the completion of the transaction, the director now owns 3,494,768 shares in the company, valued at $64,128,992.80. This represents a 9.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,954,713 shares of company stock valued at $24,475,385 over the last quarter. Company insiders own 73.68% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Tealwood Asset Management Inc. increased its stake in shares of Intuitive Machines by 4.5% in the fourth quarter. Tealwood Asset Management Inc. now owns 20,900 shares of the company’s stock worth $380,000 after buying an additional 900 shares during the last quarter. Harbour Capital Advisors LLC bought a new stake in shares of Intuitive Machines in the 4th quarter worth approximately $904,000. Barclays PLC boosted its position in Intuitive Machines by 275.2% during the 3rd quarter. Barclays PLC now owns 37,323 shares of the company’s stock valued at $300,000 after purchasing an additional 27,376 shares during the period. Geode Capital Management LLC lifted its stake in Intuitive Machines by 31.2% in the third quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock valued at $7,514,000 after buying an additional 222,136 shares during the last quarter. Finally, Savoie Capital LLC acquired a new position in shares of Intuitive Machines during the third quarter valued at $112,000. Hedge funds and other institutional investors 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.