Intuitive Machines (NASDAQ:LUNR) Hits New 1-Year High - Time to Buy?

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $20.79 and last traded at $20.42, with a volume of 6729337 shares. The stock had previously closed at $18.16.

Analyst Upgrades and Downgrades

LUNR has been the topic of a number of research reports. Canaccord Genuity Group reduced their target price on shares of Intuitive Machines from $19.00 to $17.50 and set a "buy" rating on the stock in a report on Friday, December 6th. Benchmark lifted their target price on Intuitive Machines from $10.00 to $16.00 and gave the company a "buy" rating in a report on Friday, November 15th. Roth Mkm reaffirmed a "buy" rating and issued a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday, September 18th. B. Riley lifted their price objective on Intuitive Machines from $8.00 to $12.00 and gave the company a "buy" rating in a research note on Thursday, September 19th. Finally, Cantor Fitzgerald upped their target price on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $14.10.

Intuitive Machines Trading Up 6.4 %

The firm has a market cap of $2.71 billion, a PE ratio of -6.57 and a beta of 0.93. The business has a fifty day moving average price of $12.76 and a 200 day moving average price of $7.92.

Insiders Place Their Bets

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 344,893 shares of the business's stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $8.02, for a total transaction of $2,766,041.86. Following the transaction, the director now owns 3,494,768 shares in the company, valued at approximately $28,028,039.36. The trade was a 8.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Stephen J. Altemus sold 61,432 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $11.00, for a total value of $675,752.00. Following the completion of the sale, the chief executive officer now directly owns 910,919 shares of the company's stock, valued at $10,020,109. This represents a 6.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,080,704 shares of company stock valued at $25,411,498. 73.68% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Barclays PLC grew its stake in shares of Intuitive Machines by 275.2% during the 3rd quarter. Barclays PLC now owns 37,323 shares of the company's stock worth $300,000 after purchasing an additional 27,376 shares during the period. Geode Capital Management LLC boosted its holdings in Intuitive Machines by 31.2% during the third quarter. Geode Capital Management LLC now owns 933,272 shares of the company's stock worth $7,514,000 after buying an additional 222,136 shares in the last quarter. Savoie Capital LLC acquired a new position in Intuitive Machines during the third quarter worth about $112,000. State Street Corp increased its holdings in Intuitive Machines by 1.3% in the third quarter. State Street Corp now owns 576,051 shares of the company's stock valued at $4,637,000 after buying an additional 7,538 shares in the last quarter. Finally, Stifel Financial Corp acquired a new stake in shares of Intuitive Machines during the 3rd quarter valued at approximately $525,000. Hedge funds and other 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.