Intuitive Machines (NASDAQ:LUNR) Stock Price Down 0% - Should You Sell?

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) shares dropped 0% during trading on Friday . The company traded as low as $6.81 and last traded at $7.11. Approximately 1,836,418 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 11,591,672 shares. The stock had previously closed at $7.11.

Analyst Ratings Changes

Several equities research analysts have issued reports on LUNR shares. Canaccord Genuity Group dropped their price target on Intuitive Machines from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Tuesday. Benchmark restated a "buy" rating and issued a $16.00 target price on shares of Intuitive Machines in a research report on Tuesday. Roth Capital set a $20.00 target price on Intuitive Machines in a research note on Friday, March 7th. Roth Mkm decreased their price target on shares of Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, March 11th. Finally, Bank of America started coverage on shares of Intuitive Machines in a research note on Wednesday, February 5th. They issued an "underperform" rating and a $16.00 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Intuitive Machines currently has an average rating of "Moderate Buy" and a consensus price target of $16.00.

Intuitive Machines Stock Down 0.6 %

The firm's fifty day moving average price is $16.06 and its 200-day moving average price is $12.93. The stock has a market cap of $1.29 billion, a P/E ratio of -3.11 and a beta of 1.01.

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Insiders Place Their Bets

In related news, insider Steven Vontur sold 4,528 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the completion of the sale, the insider now owns 104,272 shares of the company's stock, valued at $2,043,731.20. This trade represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 392,713 shares of company stock valued at $7,250,066 in the last quarter. Insiders own 73.68% of the company's stock.

Institutional Trading of Intuitive Machines

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP purchased a new position in shares of Intuitive Machines during the 4th quarter worth approximately $44,000. Jones Financial Companies Lllp raised its holdings in Intuitive Machines by 751.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock worth $70,000 after purchasing an additional 3,381 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in Intuitive Machines by 201.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock valued at $90,000 after buying an additional 3,300 shares during the period. Ancora Advisors LLC bought a new stake in shares of Intuitive Machines during the 4th quarter valued at $91,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Intuitive Machines in the 4th quarter worth about $183,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

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.