Intuitive Machines (NASDAQ:LUNR) Trading Down 0% – What’s Next?

Intuitive Machines, Inc. (NASDAQ:LUNR) shares dropped 0% during trading on Friday . The company traded as low as $6.81 and last traded at $7.11. Approximately 1,836,418 shares were traded during trading, a decline of 84% from the average daily volume of 11,591,672 shares. The stock had previously closed at $7.11.

Analyst Ratings Changes

A number of research analysts have issued reports on LUNR shares. Roth Mkm reduced their price target on Intuitive Machines from $20.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Bank of America initiated coverage on Intuitive Machines in a research report on Wednesday, February 5th. They set an “underperform” rating and a $16.00 target price on the stock. Deutsche Bank Aktiengesellschaft began coverage on Intuitive Machines in a research report on Tuesday, February 25th. They set a “hold” rating and a $18.00 target price on the stock. Roth Capital set a $20.00 price target on Intuitive Machines in a research report on Friday, March 7th. Finally, Canaccord Genuity Group dropped their price target on Intuitive Machines from $26.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Intuitive Machines has a consensus rating of “Moderate Buy” and an average price target of $16.38.

Intuitive Machines Stock Up 0.9 %

The company has a market cap of $1.01 billion, a P/E ratio of -2.43 and a beta of 1.01. The business has a 50-day moving average price of $16.43 and a two-hundred day moving average price of $12.78.

Insider Buying and Selling

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $18.35, for a total value of $6,935,804.55. Following the completion of the transaction, the director now directly owns 3,494,768 shares of the company’s stock, valued at approximately $64,128,992.80. The trade was a 9.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven Vontur sold 4,528 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total value of $88,748.80. Following the completion of the sale, the insider now owns 104,272 shares in the company, valued at approximately $2,043,731.20. This trade represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 392,713 shares of company stock valued at $7,250,066 over the last three months. Company insiders own 73.68% of the company’s stock.

Institutional Trading of Intuitive Machines

Institutional investors and hedge funds have recently bought and sold shares of the business. LMR Partners LLP acquired a new stake in Intuitive Machines during the third quarter worth approximately $110,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Intuitive Machines by 44.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,791 shares of the company’s stock valued at $836,000 after purchasing an additional 32,015 shares in the last quarter. Penserra Capital Management LLC lifted its stake in shares of Intuitive Machines by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 147,857 shares of the company’s stock valued at $1,190,000 after acquiring an additional 20,916 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Intuitive Machines in the 3rd quarter valued at $85,000. Finally, MetLife Investment Management LLC bought a new position in shares of Intuitive Machines in the 3rd quarter valued at $138,000. 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.