Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report) Director Michael Blitzer sold 662,673 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $8.19, for a total transaction of $5,427,291.87. Following the completion of the sale, the director now directly owns 1,062,865 shares of the company’s stock, valued at $8,704,864.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Intuitive Machines Stock Down 1.4 %
Intuitive Machines stock opened at $9.15 on Monday. The firm has a market cap of $1.14 billion, a P/E ratio of 22.32 and a beta of 0.26. The business has a fifty day moving average of $4.81 and a two-hundred day moving average of $4.93. Intuitive Machines, Inc. has a twelve month low of $2.09 and a twelve month high of $13.25.
Intuitive Machines (NASDAQ:LUNR – Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $41.41 million for the quarter, compared to analysts’ expectations of $43.00 million. Equities analysts expect that Intuitive Machines, Inc. will post 0.47 earnings per share for the current year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on LUNR shares. B. Riley lifted their price target on shares of Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday. Roth Mkm reiterated a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a report on Wednesday, September 18th. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday, September 18th. Finally, Benchmark restated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, September 18th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Intuitive Machines has a consensus rating of “Buy” and a consensus price target of $10.60.
Read Our Latest Stock Analysis on Intuitive Machines
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.
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