Intuitive Machines (NASDAQ:LUNR) Receives “Buy” Rating from Roth Mkm

Intuitive Machines (NASDAQ:LUNR)‘s stock had its “buy” rating reissued by stock analysts at Roth Mkm in a note issued to investors on Wednesday, Benzinga reports. They currently have a $10.00 price target on the stock. Roth Mkm’s target price would indicate a potential upside of 85.19% from the stock’s previous close.

Several other equities analysts also recently commented on the company. Benchmark reiterated a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, August 14th. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price target on shares of Intuitive Machines in a report on Monday, September 9th. Finally, B. Riley started coverage on Intuitive Machines in a report on Friday, June 28th. They set a “buy” rating and a $8.00 price target on the stock. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Intuitive Machines currently has a consensus rating of “Buy” and an average target price of $9.80.

Intuitive Machines Stock Performance

NASDAQ:LUNR opened at $5.40 on Wednesday. The stock’s 50 day moving average price is $4.54 and its 200 day moving average price is $4.86. Intuitive Machines has a 52 week low of $2.09 and a 52 week high of $13.25. The company has a market capitalization of $673.01 million, a P/E ratio of 13.17 and a beta of 0.26.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The firm had revenue of $41.41 million during the quarter, compared to analyst estimates of $43.00 million. As a group, sell-side analysts forecast that Intuitive Machines will post 0.47 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Kamal Seyed Ghaffarian sold 570,705 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $6.08, for a total value of $3,469,886.40. Following the completion of the sale, the director now directly owns 3,551,606 shares of the company’s stock, valued at $21,593,764.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Kamal Seyed Ghaffarian sold 570,705 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $6.08, for a total value of $3,469,886.40. Following the completion of the transaction, the director now directly owns 3,551,606 shares of the company’s stock, valued at $21,593,764.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Steven Vontur sold 10,274 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $5.58, for a total value of $57,328.92. Following the completion of the transaction, the chief financial officer now directly owns 117,500 shares of the company’s stock, valued at $655,650. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,827,154 shares of company stock valued at $9,893,973. 73.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wedbush Securities Inc. acquired a new position in Intuitive Machines during the second quarter worth $35,000. Baltimore Washington Financial Advisors Inc. acquired a new stake in shares of Intuitive Machines in the first quarter valued at $67,000. Sender Co & Partners Inc. acquired a new stake in shares of Intuitive Machines in the second quarter valued at $56,000. Sanders Morris Harris LLC acquired a new stake in shares of Intuitive Machines in the first quarter valued at $119,000. Finally, Deuterium Capital Management LLC acquired a new stake in shares of Intuitive Machines in the first quarter valued at $125,000. 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.