Intuitive Machines (NASDAQ:LUNR) Trading Up 8.1% - Should You Buy?

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s stock price was up 8.1% on Tuesday . The company traded as high as $22.40 and last traded at $21.21. Approximately 10,512,767 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 13,502,047 shares. The stock had previously closed at $19.62.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on LUNR shares. Canaccord Genuity Group boosted their price objective on shares of Intuitive Machines from $17.50 to $26.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Benchmark boosted their target price on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a "buy" rating in a report on Friday, November 15th. Cantor Fitzgerald boosted their target price on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Finally, Bank of America assumed coverage on shares of Intuitive Machines in a report on Wednesday, February 5th. They issued an "underperform" rating and a $16.00 target price for the company. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat, Intuitive Machines has a consensus rating of "Moderate Buy" and an average target price of $15.83.

Intuitive Machines Stock Down 8.6 %

The firm's 50 day simple moving average is $18.79 and its 200-day simple moving average is $11.85. The company has a market capitalization of $2.53 billion, a PE ratio of -6.14 and a beta of 0.92.

Insiders Place Their Bets

In other news, insider Steven Vontur sold 9,266 shares of the business's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $22.50, for a total transaction of $208,485.00. Following the transaction, the insider now directly owns 98,656 shares of the company's stock, valued at approximately $2,219,760. The trade was a 8.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the transaction, the director now directly owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. The trade was a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 771,632 shares of company stock worth $12,947,078 over the last ninety days. 73.68% of the stock is owned by company insiders.

Institutional Trading of Intuitive Machines

Several institutional investors have recently added to or reduced their stakes in LUNR. SG Americas Securities LLC acquired a new stake in Intuitive Machines in the third quarter valued at $93,000. Creative Planning acquired a new stake in Intuitive Machines in the third quarter valued at $105,000. Waldron Private Wealth LLC acquired a new stake in Intuitive Machines in the third quarter valued at $83,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Intuitive Machines in the third quarter valued at $189,000. Finally, AlphaCentric Advisors LLC acquired a new stake in Intuitive Machines in the third quarter valued at $121,000. 72.21% of the stock is 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.