Intuitive Machines (NASDAQ:LUNR) Stock Price Up 2% – Should You Buy?

Intuitive Machines, Inc. (NASDAQ:LUNR) shares traded up 2% on Tuesday . The stock traded as high as $22.50 and last traded at $21.39. Approximately 13,042,261 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 13,603,167 shares. The stock had previously closed at $20.97.

Wall Street Analysts Forecast Growth

LUNR has been the subject of a number of research reports. B. Riley Financial reissued a “buy” rating on shares of Intuitive Machines in a research report on Wednesday, June 24th. Stifel Nicolaus set a $32.00 price objective on Intuitive Machines in a research note on Friday, May 15th. Wall Street Zen upgraded Intuitive Machines from a “strong sell” rating to a “sell” rating in a report on Sunday, May 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $34.00 target price on shares of Intuitive Machines in a research report on Wednesday, May 20th. Finally, Zacks Research lowered shares of Intuitive Machines from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Eight equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Intuitive Machines has an average rating of “Hold” and an average target price of $31.50.

Intuitive Machines Stock Performance

The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of -22.25 and a beta of 1.78. The firm has a fifty day moving average of $29.16 and a 200-day moving average of $22.34.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The business had revenue of $186.73 million during the quarter, compared to the consensus estimate of $202.95 million. On average, analysts predict that Intuitive Machines, Inc. will post -0.36 EPS for the current year.

Insider Buying and Selling

In related news, SVP Timothy Price Crain II sold 150,000 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $21.87, for a total transaction of $3,280,500.00. Following the completion of the sale, the senior vice president directly owned 351,279 shares of the company’s stock, valued at approximately $7,682,471.73. This trade represents a 29.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William John Liquori, Jr. sold 18,321 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $29.87, for a total transaction of $547,248.27. Following the completion of the transaction, the director owned 68,875 shares in the company, valued at $2,057,296.25. This represents a 21.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,208,436 shares of company stock worth $32,795,395 in the last 90 days. 54.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Intuitive Machines

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Intuitive Machines during the fourth quarter worth about $28,000. State of Wyoming acquired a new position in shares of Intuitive Machines in the first quarter worth about $39,000. GAMMA Investing LLC boosted its holdings in Intuitive Machines by 41.5% in the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock valued at $43,000 after purchasing an additional 781 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Intuitive Machines by 63.2% in the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $43,000 after purchasing an additional 1,016 shares during the last quarter. Finally, CWM LLC grew its stake in Intuitive Machines by 406.4% during the 4th quarter. CWM LLC now owns 2,912 shares of the company’s stock valued at $47,000 after purchasing an additional 2,337 shares in the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.

Intuitive Machines Company Profile

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.