Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s stock price dropped 2.8% during trading on Thursday . The company traded as low as $18.47 and last traded at $18.64. Approximately 5,107,035 shares changed hands during trading, a decline of 64% from the average daily volume of 14,227,460 shares. The stock had previously closed at $19.18.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on LUNR shares. Canaccord Genuity Group boosted their price target on Intuitive Machines from $17.50 to $26.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Roth Mkm reissued a "buy" rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. Benchmark raised their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a "buy" rating in a research note 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 report on Friday, November 15th. Finally, B. Riley upped their price objective on shares of Intuitive Machines from $8.00 to $12.00 and gave the company a "buy" rating in a research note on Thursday, September 19th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $15.80.
Check Out Our Latest Analysis on Intuitive Machines
Intuitive Machines Price Performance
The company has a 50-day moving average of $14.54 and a two-hundred day moving average of $8.86. The stock has a market capitalization of $2.71 billion, a PE ratio of -6.57 and a beta of 0.90.
Insider Activity
In related news, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction on Monday, December 30th. The stock was sold at an average price of $18.35, for a total value of $6,935,804.55. Following the transaction, the director now owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. This trade represents a 9.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Timothy Price Crain II sold 400,000 shares of the business's stock in a transaction dated 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 sale, the senior vice president now directly owns 362,810 shares of the company's stock, valued at approximately $4,390,001. This trade represents a 52.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,954,713 shares of company stock valued at $24,475,385 in the last 90 days. 73.68% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Intuitive Machines
A number of large investors have recently modified their holdings of the company. FORA Capital LLC acquired a new stake in Intuitive Machines during the 3rd quarter worth approximately $458,000. Geode Capital Management LLC grew its stake 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 during the period. Squarepoint Ops LLC acquired a new stake in shares of Intuitive Machines in the second quarter worth $536,000. Stifel Financial Corp purchased a new position in shares of Intuitive Machines in the 3rd quarter valued at $525,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Intuitive Machines by 44.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,791 shares of the company's stock valued at $836,000 after acquiring an additional 32,015 shares in the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.
About Intuitive Machines
(
Get Free Report)
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.
Further Reading
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