Intuitive Machines (NASDAQ:LUNR) Stock Price Up 1.5% - What's Next?

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s share price traded up 1.5% during trading on Thursday . The company traded as high as $8.48 and last traded at $8.19. 3,736,638 shares were traded during trading, a decline of 57% from the average session volume of 8,734,615 shares. The stock had previously closed at $8.07.

Analysts Set New Price Targets

LUNR has been the topic of a number of recent research reports. Benchmark restated a "buy" rating and set a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. B. Riley increased their price objective on shares of Intuitive Machines from $8.00 to $12.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. Roth Mkm reaffirmed a "buy" rating and set a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday, September 18th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $10.00 target price on shares of Intuitive Machines in a report on Monday, September 30th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Intuitive Machines presently has an average rating of "Buy" and a consensus target price of $10.60.

Intuitive Machines Price Performance

The company has a market capitalization of $987.09 million, a PE ratio of 19.32 and a beta of 0.34. The company's 50 day simple moving average is $6.61 and its 200 day simple moving average is $5.25.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to analyst estimates of $43.00 million. On average, equities analysts forecast that Intuitive Machines, Inc. will post 0.47 EPS for the current year.

Insider Activity at Intuitive Machines

In other Intuitive Machines news, SVP Timothy Price Crain II sold 74,423 shares of Intuitive Machines stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $3.93, for a total transaction of $292,482.39. Following the transaction, the senior vice president now owns 362,810 shares of the company's stock, valued at $1,425,843.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, SVP Timothy Price Crain II sold 74,423 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $3.93, for a total transaction of $292,482.39. Following the completion of the sale, the senior vice president now owns 362,810 shares in the company, valued at $1,425,843.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven Vontur sold 10,274 shares of Intuitive Machines stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $5.58, for a total transaction of $57,328.92. Following the completion of the transaction, the chief financial officer now owns 117,500 shares in the company, valued at approximately $655,650. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,115,621 shares of company stock valued at $30,427,371 in the last three months. 73.68% of the stock is currently owned by company insiders.

Institutional Trading of Intuitive Machines

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Intuitive Machines by 250.0% during the first quarter. Vanguard Group Inc. now owns 601,354 shares of the company's stock worth $3,758,000 after purchasing an additional 429,531 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Intuitive Machines during the 2nd quarter worth $536,000. Bank of New York Mellon Corp acquired a new stake in shares of Intuitive Machines in the 2nd quarter worth $272,000. Sanders Morris Harris LLC boosted its holdings in shares of Intuitive Machines by 264.9% in the second quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company's stock valued at $230,000 after acquiring an additional 50,600 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Intuitive Machines during the second quarter worth about $164,000. 72.21% of the stock is 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.