Intuitive Machines (NASDAQ:LUNR) Trading 0.4% Higher - What's Next?

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) traded up 0.4% during mid-day trading on Thursday . The company traded as high as $7.34 and last traded at $7.29. 2,435,293 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 11,580,730 shares. The stock had previously closed at $7.26.

Wall Street Analyst Weigh In

LUNR has been the subject of a number of research analyst reports. Roth Capital set a $20.00 price target on Intuitive Machines in a report on Friday, March 7th. Canaccord Genuity Group decreased their target price on Intuitive Machines from $26.00 to $22.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Roth Mkm cut their price target on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft started coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They issued a "hold" rating and a $18.00 price objective on the stock. Finally, Bank of America started coverage on shares of Intuitive Machines in a research note on Wednesday, February 5th. They set an "underperform" rating and a $16.00 target price for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Intuitive Machines presently has an average rating of "Moderate Buy" and a consensus price target of $16.38.

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Intuitive Machines Trading Up 25.4 %

The firm has a market cap of $1.25 billion, a price-to-earnings ratio of -3.01 and a beta of 1.01. The firm's 50 day simple moving average is $16.22 and its two-hundred day simple moving average is $12.90.

Insider Activity at Intuitive Machines

In other Intuitive Machines news, insider Steven Vontur sold 4,528 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total value of $88,748.80. Following the transaction, the insider now directly owns 104,272 shares of the company's stock, valued at $2,043,731.20. This trade represents a 4.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the company's stock in a transaction that occurred 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 sale, the director now directly 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 392,713 shares of company stock worth $7,250,066. Company insiders own 73.68% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Intuitive Machines in the 4th quarter valued at $44,000. Jones Financial Companies Lllp boosted its stake in Intuitive Machines by 751.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock valued at $70,000 after buying an additional 3,381 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in Intuitive Machines in the third quarter valued at about $85,000. Steward Partners Investment Advisory LLC grew its position in Intuitive Machines by 201.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock valued at $90,000 after acquiring an additional 3,300 shares during the last quarter. Finally, Ancora Advisors LLC bought a new position in shares of Intuitive Machines in the fourth quarter worth about $91,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Intuitive Machines Company Profile

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.