Intuitive Machines (NASDAQ:LUNR) Trading Up 3.3% – What’s Next?

Intuitive Machines, Inc. (NASDAQ:LUNR) shares rose 3.3% during trading on Wednesday . The company traded as high as $8.45 and last traded at $8.35. Approximately 3,337,311 shares traded hands during trading, a decline of 62% from the average daily volume of 8,671,105 shares. The stock had previously closed at $8.08.

Wall Street Analysts Forecast Growth

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

Intuitive Machines Stock Up 2.0 %

The stock has a market cap of $1.03 billion, a P/E ratio of 20.93 and a beta of 0.34. The business’s 50-day simple moving average is $6.05 and its two-hundred day simple moving average is $5.15.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to the consensus estimate of $43.00 million. Analysts anticipate that Intuitive Machines, Inc. will post 0.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Intuitive Machines news, CEO Stephen J. Altemus sold 250,000 shares of Intuitive Machines stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $9.01, for a total transaction of $2,252,500.00. Following the completion of the sale, the chief executive officer now owns 910,919 shares of the company’s stock, valued at $8,207,380.19. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Timothy Price Crain II sold 74,423 shares of the business’s 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 directly owns 362,810 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen J. Altemus sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $9.01, for a total transaction of $2,252,500.00. Following the transaction, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at $8,207,380.19. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,770,728 shares of company stock worth $27,661,329 over the last ninety days. 73.68% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. bought a new position in shares of Intuitive Machines in the second quarter worth approximately $35,000. Sender Co & Partners Inc. bought a new position in shares of Intuitive Machines during the second quarter valued at $56,000. Baltimore Washington Financial Advisors Inc. purchased a new stake in shares of Intuitive Machines during the first quarter valued at $67,000. SG Americas Securities LLC purchased a new stake in shares of Intuitive Machines during the third quarter valued at $93,000. Finally, Creative Planning bought a new stake in Intuitive Machines in the 3rd quarter worth about $105,000. Institutional investors own 72.21% of the company’s stock.

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.