Intuitive Machines (NASDAQ:LUNR) Sets New 52-Week High – What’s Next?

Intuitive Machines, Inc. (NASDAQ:LUNR) hit a new 52-week high on Thursday . The stock traded as high as $13.88 and last traded at $13.88, with a volume of 12436959 shares changing hands. The stock had previously closed at $11.76.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LUNR shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 target price on shares of Intuitive Machines in a report on Monday, September 30th. Benchmark reissued a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. B. Riley upped their price target on shares of Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, Roth Mkm reiterated a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday, September 18th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $10.60.

Intuitive Machines Trading Down 4.9 %

The company has a 50 day moving average price of $7.77 and a 200 day moving average price of $5.63. The company has a market capitalization of $1.44 billion, a P/E ratio of -14.34 and a beta of 0.35.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $41.41 million for the quarter, compared to the consensus estimate of $43.00 million. As a group, sell-side analysts forecast that Intuitive Machines, Inc. will post 0.47 EPS for the current fiscal year.

Insider Buying and Selling

In other Intuitive Machines news, CFO Steven Vontur sold 10,274 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $5.58, for a total value of $57,328.92. Following the transaction, the chief financial officer now directly owns 117,500 shares of the company’s stock, valued at $655,650. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Intuitive Machines news, CFO Steven Vontur sold 10,274 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $5.58, for a total value of $57,328.92. Following the transaction, the chief financial officer now directly owns 117,500 shares of the company’s stock, valued at $655,650. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 570,705 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $6.08, for a total value of $3,469,886.40. Following the transaction, the director now owns 3,551,606 shares in the company, valued at $21,593,764.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,225,003 shares of company stock valued at $32,293,278. Company insiders own 73.68% of the company’s stock.

Institutional Trading of Intuitive Machines

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wedbush Securities Inc. bought a new position in shares of Intuitive Machines during the second quarter worth approximately $35,000. Sender Co & Partners Inc. acquired a new stake in Intuitive Machines during the second quarter worth approximately $56,000. Waldron Private Wealth LLC bought a new position in Intuitive Machines during the 3rd quarter worth $83,000. The Manufacturers Life Insurance Company bought a new position in Intuitive Machines during the 3rd quarter worth $85,000. Finally, SG Americas Securities LLC bought a new stake in shares of Intuitive Machines during the 3rd quarter valued at $93,000. Institutional investors and hedge funds 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.