Intuitive Machines (NASDAQ:LUNR) Stock Price Up 8.7% – Should You Buy?

Intuitive Machines, Inc. (NASDAQ:LUNR)’s share price traded up 8.7% during trading on Friday . The company traded as high as $24.95 and last traded at $24.09. 14,602,102 shares changed hands during trading, a decline of 3% from the average session volume of 14,997,783 shares. The stock had previously closed at $22.17.

Analyst Upgrades and Downgrades

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

Intuitive Machines Stock Up 4.1 %

The stock has a market cap of $3.24 billion, a P/E ratio of -7.85 and a beta of 0.90. The firm has a 50 day moving average price of $16.20 and a 200 day moving average price of $9.73.

Insiders Place Their Bets

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $18.35, for a total value of $6,935,804.55. Following the completion of the sale, the director now owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. This represents a 9.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Timothy Price Crain II sold 400,000 shares of the firm’s 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 in the company, valued at approximately $4,390,001. This represents a 52.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,609,820 shares of company stock worth $21,709,343. Company insiders own 73.68% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

A number of institutional investors have recently added to or reduced their stakes in LUNR. Geode Capital Management LLC lifted its holdings in shares of Intuitive Machines by 31.2% in the third quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock worth $7,514,000 after buying an additional 222,136 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Intuitive Machines in the 2nd quarter worth $536,000. Stifel Financial Corp bought a new position in shares of Intuitive Machines during the 3rd quarter valued at about $525,000. FORA Capital LLC purchased a new position in shares of Intuitive Machines during the third quarter valued at about $458,000. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Intuitive Machines in the fourth quarter worth about $904,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

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.