Intuitive Machines (NASDAQ:LUNR) Trading Up 20.8% – What’s Next?

Intuitive Machines, Inc. (NASDAQ:LUNR)’s stock price shot up 20.8% on Tuesday . The stock traded as high as $22.75 and last traded at $22.35. 15,258,493 shares traded hands during mid-day trading, an increase of 10% from the average session volume of 13,928,716 shares. The stock had previously closed at $18.51.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LUNR. Benchmark lifted their target price on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Canaccord Genuity Group boosted their price objective on Intuitive Machines from $17.50 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, Cantor Fitzgerald lifted their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $15.80.

Intuitive Machines Stock Performance

The company’s 50-day moving average is $15.28 and its 200 day moving average is $9.28. The company has a market capitalization of $3.12 billion, a PE ratio of -7.53 and a beta of 0.90.

Insider Buying and Selling at Intuitive Machines

In related news, SVP Timothy Price Crain II sold 400,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $4,390,001. This represents a 52.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the completion of the sale, the director now directly owns 3,494,768 shares of the company’s stock, valued at approximately $64,128,992.80. This trade represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,609,820 shares of company stock valued at $21,709,343 over the last ninety days. 73.68% of the stock is currently owned by company insiders.

Institutional Trading of Intuitive Machines

Large investors have recently added to or reduced their stakes in the company. Sender Co & Partners Inc. purchased a new stake in shares of Intuitive Machines in the second quarter worth about $56,000. Waldron Private Wealth LLC purchased a new stake in Intuitive Machines in the 3rd quarter valued at $83,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Intuitive Machines in the 3rd quarter worth $85,000. SG Americas Securities LLC purchased a new position in shares of Intuitive Machines during the 3rd quarter worth $93,000. Finally, Creative Planning acquired a new position in shares of Intuitive Machines during the 3rd quarter valued at about $105,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

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.