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

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

Analysts Set New Price Targets

LUNR has been the topic of several recent research reports. Roth Mkm restated a "buy" rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, September 18th. B. Riley increased their price objective 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. Cantor Fitzgerald restated an "overweight" rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Monday, September 30th. Finally, Benchmark restated a "buy" rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $10.60.

Intuitive Machines Stock Down 13.0 %

The company has a market cap of $1.32 billion, a price-to-earnings ratio of -12.73 and a beta of 0.35. The company's 50-day moving average is $7.77 and its 200 day moving average is $5.63.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last announced its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to analyst estimates of $43.00 million. Analysts predict that Intuitive Machines, Inc. will post 0.47 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Stephen J. Altemus sold 61,432 shares of the business'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 sale, the chief executive officer now directly owns 910,919 shares of the company's stock, valued at approximately $10,020,109. The trade was a 6.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Timothy Price Crain II sold 197,637 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $6.05, for a total transaction of $1,195,703.85. Following the completion of the sale, the senior vice president now directly owns 362,810 shares in the company, valued at $2,195,000.50. This trade represents a 35.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,225,003 shares of company stock worth $32,293,278. 73.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Intuitive Machines

Large investors have recently modified their holdings of the company. Wedbush Securities Inc. purchased a new position in shares of Intuitive Machines in the 2nd quarter valued at $35,000. Sender Co & Partners Inc. acquired a new stake in shares of Intuitive Machines in the 2nd quarter worth $56,000. Waldron Private Wealth LLC acquired a new stake in shares of Intuitive Machines in the 3rd quarter worth $83,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Intuitive Machines in the 3rd quarter worth $85,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Intuitive Machines in the third quarter valued at about $93,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

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.