Intuitive Machines (NASDAQ:LUNR) Trading Up 6.9% – Should You Buy?

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) shot up 6.9% on Monday . The stock traded as high as $19.60 and last traded at $19.68. 2,254,876 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 13,785,128 shares. The stock had previously closed at $18.40.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LUNR. Bank of America assumed coverage on Intuitive Machines in a research report on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 price objective on the stock. Cantor Fitzgerald upped their price target on Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Canaccord Genuity Group lifted their price objective on Intuitive Machines from $17.50 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Finally, Benchmark upped 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. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $15.83.

Intuitive Machines Stock Down 9.0 %

The business has a fifty day moving average of $17.76 and a 200 day moving average of $11.19. The firm has a market cap of $2.55 billion, a P/E ratio of -6.17 and a beta of 0.92.

Insider Activity

In other Intuitive Machines news, insider Steven Vontur sold 4,528 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the completion of the sale, the insider now directly owns 104,272 shares in the company, valued at $2,043,731.20. This represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $18.35, for a total value of $6,935,804.55. Following the completion of the transaction, the director now owns 3,494,768 shares of the company’s stock, valued at $64,128,992.80. This represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 771,632 shares of company stock valued at $12,947,078 in the last ninety days. 73.68% of the stock is owned by insiders.

Institutional Trading of Intuitive Machines

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Intuitive Machines by 33.6% during the fourth quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company’s stock worth $73,503,000 after buying an additional 1,017,706 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Intuitive Machines during the 4th quarter worth approximately $5,600,000. Geode Capital Management LLC grew its stake in shares of Intuitive Machines by 31.2% during the 3rd quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock worth $7,514,000 after acquiring an additional 222,136 shares in the last quarter. Van ECK Associates Corp bought a new position in shares of Intuitive Machines during the 4th quarter worth approximately $3,403,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Intuitive Machines in the fourth quarter valued at approximately $2,361,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.