Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) shares were up 8.3% during trading on Wednesday . The stock traded as high as $18.61 and last traded at $18.21. Approximately 5,677,447 shares traded hands during trading, a decline of 60% from the average daily volume of 14,067,586 shares. The stock had previously closed at $16.81.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. Canaccord Genuity Group boosted their price target on Intuitive Machines from $17.50 to $26.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Cantor Fitzgerald upped their target price on Intuitive Machines from $10.00 to $15.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Benchmark raised their price target on Intuitive Machines from $10.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. B. Riley raised their target price 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. Finally, Roth Mkm reaffirmed a "buy" rating and set a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, September 18th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $15.80.
Read Our Latest Analysis on Intuitive Machines
Intuitive Machines Stock Up 14.1 %
The firm has a 50 day moving average of $14.54 and a two-hundred day moving average of $8.86. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of -6.52 and a beta of 0.90.
Insider Transactions at Intuitive Machines
In other news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $18.35, for a total value of $6,935,804.55. Following the completion of the transaction, the director now directly owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. This represents a 9.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Timothy Price Crain II sold 400,000 shares of the firm's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $12.10, for a total value of $4,840,000.00. Following the sale, the senior vice president now directly owns 362,810 shares in the company, valued at approximately $4,390,001. This trade represents a 52.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,954,713 shares of company stock valued at $24,475,385. 73.68% of the stock is currently owned by insiders.
Institutional Trading of Intuitive Machines
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new position in shares of Intuitive Machines in the second quarter worth $272,000. Rhumbline Advisers purchased a new position in Intuitive Machines during the second quarter worth about $119,000. XTX Topco Ltd purchased a new position in Intuitive Machines during the second quarter worth about $164,000. Squarepoint Ops LLC bought a new position in Intuitive Machines in the 2nd quarter worth about $536,000. Finally, Sender Co & Partners Inc. purchased a new stake in shares of Intuitive Machines in the 2nd quarter valued at about $56,000. Institutional investors own 72.21% of the company's stock.
Intuitive Machines Company Profile
(
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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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