Intuitive Machines (NASDAQ:LUNR) Reaches New 12-Month High – What’s Next?

Intuitive Machines, Inc. (NASDAQ:LUNR) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $22.98 and last traded at $22.94, with a volume of 28545846 shares trading hands. The stock had previously closed at $18.51.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Cantor Fitzgerald lifted their target price on Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Canaccord Genuity Group lifted their price objective on Intuitive Machines from $17.50 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, Benchmark upped their target price on Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $15.80.

Intuitive Machines Stock Down 1.2 %

The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of -7.54 and a beta of 0.90. The business has a fifty day simple moving average of $15.74 and a two-hundred day simple moving average of $9.51.

Insider Activity at Intuitive Machines

In other Intuitive Machines news, CEO Stephen J. Altemus sold 61,432 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $11.00, for a total transaction of $675,752.00. Following the sale, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at approximately $10,020,109. This represents a 6.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kamal Seyed Ghaffarian sold 74,248 shares of Intuitive Machines stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $8.03, for a total transaction of $596,211.44. Following the completion of the transaction, the director now owns 3,494,768 shares of the company’s stock, valued at $28,062,987.04. This trade represents a 2.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,609,820 shares of company stock valued at $21,709,343 in the last 90 days. 73.68% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intuitive Machines

A number of large investors have recently bought and sold shares of the business. SG Americas Securities LLC boosted its stake in Intuitive Machines by 55.7% in the fourth quarter. SG Americas Securities LLC now owns 18,046 shares of the company’s stock worth $328,000 after purchasing an additional 6,454 shares in the last quarter. Sanders Morris Harris LLC bought a new position in shares of Intuitive Machines in the fourth quarter valued at about $454,000. Hennion & Walsh Asset Management Inc. lifted its position in Intuitive Machines by 144.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 57,463 shares of the company’s stock worth $1,044,000 after buying an additional 33,939 shares in the last quarter. Connective Portfolio Management LLC acquired a new position in Intuitive Machines during the 4th quarter worth about $872,000. Finally, Tealwood Asset Management Inc. grew its holdings in Intuitive Machines by 4.5% during the 4th quarter. Tealwood Asset Management Inc. now owns 20,900 shares of the company’s stock worth $380,000 after acquiring an additional 900 shares during the last quarter. 72.21% of the stock is currently owned by 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.