Intuitive Machines (NASDAQ:LUNR) Sets New 1-Year High - Still a Buy?

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as $14.93 and last traded at $14.74, with a volume of 10095097 shares traded. The stock had previously closed at $13.99.

Wall Street Analyst Weigh In

LUNR has been the topic of several recent research reports. Canaccord Genuity Group lifted their price objective on Intuitive Machines from $11.00 to $12.50 and gave the stock a "buy" rating in a report on Friday, November 15th. Cantor Fitzgerald lifted their price target 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. B. Riley boosted their price target on shares of Intuitive Machines from $8.00 to $12.00 and gave the company a "buy" rating in a report on Thursday, September 19th. Roth Mkm reaffirmed a "buy" rating and set a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, September 18th. Finally, Benchmark upped their target price on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $13.10.

Intuitive Machines Stock Up 8.0 %

The business has a 50-day simple moving average of $8.76 and a two-hundred day simple moving average of $5.98. The stock has a market capitalization of $2.12 billion, a P/E ratio of -5.14 and a beta of 0.35.

Insider Transactions at Intuitive Machines

In related news, CFO Steven Vontur sold 10,274 shares of the firm's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $5.58, for a total transaction of $57,328.92. Following the completion of the sale, the chief financial officer now directly owns 117,500 shares of the company's stock, valued at $655,650. This trade represents a 8.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Timothy Price Crain II sold 400,000 shares of Intuitive Machines stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $12.10, for a total value of $4,840,000.00. Following the completion of the transaction, the senior vice president now owns 362,810 shares of the company's stock, valued at approximately $4,390,001. The trade was a 52.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,763,571 shares of company stock valued at $38,671,383. 73.68% of the stock is owned by insiders.

Institutional Trading of Intuitive Machines

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in shares of Intuitive Machines by 31.2% in the third quarter. Geode Capital Management LLC now owns 933,272 shares of the company's stock valued at $7,514,000 after purchasing an additional 222,136 shares in the last quarter. Vanguard Group Inc. increased its position in Intuitive Machines by 250.0% in the first quarter. Vanguard Group Inc. now owns 601,354 shares of the company's stock worth $3,758,000 after purchasing an additional 429,531 shares during the period. State Street Corp raised its holdings in Intuitive Machines by 1.3% during the 3rd quarter. State Street Corp now owns 576,051 shares of the company's stock worth $4,637,000 after purchasing an additional 7,538 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Intuitive Machines during the 2nd quarter valued at about $536,000. Finally, Penserra Capital Management LLC boosted 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 purchasing an additional 20,916 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.