Shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) traded down 4.7% during trading on Friday . The stock traded as low as $17.30 and last traded at $17.90. 5,054,589 shares changed hands during trading, a decline of 69% from the average session volume of 16,235,721 shares. The stock had previously closed at $18.79.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. B. Riley lifted 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 reissued a "buy" rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday, September 18th. Benchmark raised their price objective on Intuitive Machines from $10.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Cantor Fitzgerald boosted their target price on Intuitive Machines from $10.00 to $15.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Finally, Canaccord Genuity Group raised their price target on shares of Intuitive Machines from $17.50 to $26.00 and gave the company a "buy" rating in a report on Wednesday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $15.80.
View Our Latest Report on LUNR
Intuitive Machines Price Performance
The company has a market cap of $2.51 billion, a PE ratio of -6.08 and a beta of 0.90. The company has a 50-day moving average price of $14.18 and a two-hundred day moving average price of $8.59.
Insiders Place Their Bets
In other Intuitive Machines news, SVP Timothy Price Crain II sold 400,000 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $12.10, for a total value of $4,840,000.00. Following the transaction, the senior vice president now directly owns 362,810 shares of the company's stock, valued at $4,390,001. This represents a 52.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were 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 of the company's stock, valued at approximately $64,128,992.80. This trade represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,954,713 shares of company stock worth $24,475,385 in the last 90 days. 73.68% of the stock is owned by company insiders.
Institutional Trading of Intuitive Machines
Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased 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 valued at $7,514,000 after purchasing an additional 222,136 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Intuitive Machines in the 2nd quarter valued at about $536,000. Bank of New York Mellon Corp bought a new stake in shares of Intuitive Machines during the 2nd quarter valued at about $272,000. Stifel Financial Corp acquired a new stake in Intuitive Machines during the third quarter worth about $525,000. Finally, FORA Capital LLC bought a new position in Intuitive Machines in the third quarter worth about $458,000. 72.21% of the stock is owned by institutional investors and hedge funds.
About Intuitive Machines
(
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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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