Intuitive Machines (NASDAQ:LUNR) Shares Down 0.1% – Time to Sell?

Intuitive Machines, Inc. (NASDAQ:LUNR)’s stock price was down 0.1% during trading on Monday . The company traded as low as $7.43 and last traded at $7.60. Approximately 2,964,077 shares were traded during trading, a decline of 66% from the average daily volume of 8,663,821 shares. The stock had previously closed at $7.61.

Analysts Set New Price Targets

LUNR has been the subject of several analyst reports. B. Riley increased their price target 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. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Monday, September 30th. Benchmark reaffirmed a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday, September 18th. Finally, Roth Mkm reiterated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday, September 18th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $10.60.

Intuitive Machines Stock Up 3.6 %

The firm’s 50-day moving average is $6.05 and its 200-day moving average is $5.15. The company has a market cap of $1.04 billion, a PE ratio of 20.93 and a beta of 0.34.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.09. The firm had revenue of $41.41 million during the quarter, compared to analysts’ expectations of $43.00 million. As a group, equities research analysts anticipate that Intuitive Machines, Inc. will post 0.47 EPS for the current fiscal year.

Insider Buying and Selling

In other Intuitive Machines news, SVP Timothy Price Crain II sold 74,423 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $3.93, for a total value of $292,482.39. Following the sale, the senior vice president now owns 362,810 shares in the company, valued at approximately $1,425,843.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Kamal Seyed Ghaffarian sold 570,705 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Timothy Price Crain II sold 74,423 shares of Intuitive Machines stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $3.93, for a total transaction of $292,482.39. Following the completion of the transaction, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at $1,425,843.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,770,728 shares of company stock worth $27,661,329 in the last three months. 73.68% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intuitive Machines

Several institutional investors and hedge funds have recently made changes to their positions in LUNR. Wedbush Securities Inc. bought a new position in Intuitive Machines in the 2nd quarter valued at approximately $35,000. Sender Co & Partners Inc. purchased a new position in shares of Intuitive Machines in the second quarter worth $56,000. Baltimore Washington Financial Advisors Inc. bought a new position in shares of Intuitive Machines during the first quarter valued at $67,000. SG Americas Securities LLC purchased a new stake in shares of Intuitive Machines during the third quarter valued at $93,000. Finally, Creative Planning bought a new stake in Intuitive Machines in the 3rd quarter worth about $105,000. 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.