Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s stock price reached a new 52-week high on Friday . The company traded as high as $15.79 and last traded at $15.71, with a volume of 4510201 shares changing hands. The stock had previously closed at $14.45.
Analyst Upgrades and Downgrades
LUNR has been the subject of a number of recent analyst reports. B. Riley increased their target price 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. Canaccord Genuity Group increased their target price on shares of Intuitive Machines from $11.00 to $12.50 and gave the company a "buy" rating in a research report on Friday, November 15th. Cantor Fitzgerald raised their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Benchmark raised their price objective on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Finally, Roth Mkm reaffirmed a "buy" rating and set a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday, September 18th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Intuitive Machines presently has an average rating of "Buy" and a consensus price target of $13.10.
Check Out Our Latest Analysis on LUNR
Intuitive Machines Stock Performance
The business has a fifty day moving average of $9.49 and a 200-day moving average of $6.29. The company has a market capitalization of $2.29 billion, a P/E ratio of -5.56 and a beta of 0.35.
Insider Buying and Selling
In other Intuitive Machines news, SVP Timothy Price Crain II sold 197,637 shares of the firm's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $6.05, for a total transaction of $1,195,703.85. Following the transaction, the senior vice president now directly owns 362,810 shares in the company, valued at approximately $2,195,000.50. This trade represents a 35.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven Vontur sold 10,274 shares of the firm's stock in a transaction on 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 owns 117,500 shares in the company, valued at approximately $655,650. This trade represents a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,762,371 shares of company stock worth $38,664,183 in the last ninety days. Corporate insiders own 73.68% of the company's stock.
Institutional Investors Weigh In On Intuitive Machines
A number of hedge funds have recently made changes to their positions in LUNR. Wedbush Securities Inc. bought a new stake in shares of Intuitive Machines during the 2nd quarter worth $35,000. Sender Co & Partners Inc. bought a new stake in shares of Intuitive Machines during the 2nd quarter worth $56,000. Waldron Private Wealth LLC bought a new stake in shares of Intuitive Machines during the 3rd quarter worth $83,000. The Manufacturers Life Insurance Company bought a new stake in shares of 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 worth $93,000. 72.21% of the stock is currently owned by institutional investors.
Intuitive Machines Company Profile
(
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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.
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