Intuitive Machines (NASDAQ:LUNR) Reaches New 1-Year High – Should You Buy?

Intuitive Machines, Inc. (NASDAQ:LUNR) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $24.16 and last traded at $23.82, with a volume of 18436960 shares changing hands. The stock had previously closed at $20.24.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LUNR. B. Riley Financial reiterated a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, February 17th. Cantor Fitzgerald boosted their target price on shares of Intuitive Machines from $16.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, March 20th. KeyCorp upped their price target on shares of Intuitive Machines from $20.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Roth Mkm reaffirmed a “buy” rating on shares of Intuitive Machines in a research note on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a report on Thursday, January 22nd. Eight equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.94.

Intuitive Machines Stock Performance

The firm has a fifty day simple moving average of $18.36 and a 200 day simple moving average of $14.74. The company has a market capitalization of $5.20 billion, a PE ratio of -32.42 and a beta of 1.31.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Thursday, March 19th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. The firm had revenue of $44.79 million during the quarter, compared to analysts’ expectations of $53.37 million. Research analysts expect that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Insider Transactions at Intuitive Machines

In related news, CFO Peter Mcgrath sold 25,541 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $17.44, for a total value of $445,435.04. Following the completion of the sale, the chief financial officer directly owned 425,800 shares of the company’s stock, valued at $7,425,952. This represents a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Timothy Price Crain II sold 150,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $17.55, for a total transaction of $2,632,500.00. Following the transaction, the senior vice president directly owned 359,726 shares in the company, valued at $6,313,191.30. This trade represents a 29.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,689,817 shares of company stock valued at $31,840,044 over the last three months. 39.75% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Intuitive Machines

Several institutional investors have recently bought and sold shares of LUNR. International Assets Investment Management LLC bought a new position in Intuitive Machines in the fourth quarter worth approximately $28,000. Larson Financial Group LLC increased its holdings in shares of Intuitive Machines by 63.2% in the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $43,000 after acquiring an additional 1,016 shares during the period. GAMMA Investing LLC increased its holdings in shares of Intuitive Machines by 41.5% in the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock valued at $43,000 after acquiring an additional 781 shares during the period. CWM LLC raised its position in shares of Intuitive Machines by 406.4% in the 4th quarter. CWM LLC now owns 2,912 shares of the company’s stock worth $47,000 after acquiring an additional 2,337 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its position in shares of Intuitive Machines by 144.8% in the 4th quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company’s stock worth $48,000 after acquiring an additional 1,738 shares in the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.

About Intuitive Machines

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA’s Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.