Intuitive Machines (NASDAQ:LUNR) Trading Up 6.9% - Should You Buy?

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s stock price was up 6.9% during mid-day trading on Monday . The stock traded as high as $19.60 and last traded at $19.68. Approximately 2,254,876 shares were traded during trading, a decline of 84% from the average daily volume of 13,785,128 shares. The stock had previously closed at $18.40.

Wall Street Analyst Weigh In

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

Intuitive Machines Trading Up 2.2 %

The stock has a 50 day moving average price of $17.88 and a two-hundred day moving average price of $11.24. The company has a market cap of $2.69 billion, a price-to-earnings ratio of -6.52 and a beta of 0.92.

Insiders Place Their Bets

In related news, insider Steven Vontur sold 4,528 shares of the company's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total value of $88,748.80. Following the completion of the transaction, the insider now directly owns 104,272 shares of the company's stock, valued at approximately $2,043,731.20. This represents a 4.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction dated 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 completion of the sale, the director now directly owns 3,494,768 shares in the company, valued at $64,128,992.80. This represents a 9.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 771,632 shares of company stock worth $12,947,078. Company insiders own 73.68% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of Intuitive Machines in the third quarter valued at about $93,000. Creative Planning bought a new position in shares of Intuitive Machines in the third quarter worth $105,000. Waldron Private Wealth LLC bought a new position in shares of Intuitive Machines in the third quarter worth $83,000. Hennion & Walsh Asset Management Inc. bought a new stake in Intuitive Machines during the third quarter worth about $189,000. Finally, AlphaCentric Advisors LLC acquired a new stake in Intuitive Machines during the third quarter worth about $121,000. Institutional investors and hedge funds own 72.21% of the company's stock.

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.