Intuitive Machines (NASDAQ:LUNR) Hits New 1-Year High – Time to Buy?

Intuitive Machines, Inc. (NASDAQ:LUNR) reached a new 52-week high on Monday . The stock traded as high as $38.55 and last traded at $34.7760, with a volume of 3221484 shares changing hands. The stock had previously closed at $33.89.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Stifel Nicolaus set a $32.00 price objective on Intuitive Machines in a report on Friday. Deutsche Bank Aktiengesellschaft raised their price objective on Intuitive Machines from $18.00 to $22.00 and gave the company a “buy” rating in a report on Friday, March 20th. B. Riley Financial raised their target price on Intuitive Machines to $45.00 and gave the stock a “buy” rating in a research report on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a research report on Tuesday, April 21st. Finally, Roth Mkm raised their target price on Intuitive Machines from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $26.75.

Intuitive Machines Trading Down 2.1%

The stock has a market capitalization of $7.19 billion, a P/E ratio of -37.48 and a beta of 1.47. The company has a 50-day moving average price of $23.41 and a two-hundred day moving average price of $17.86.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The company had revenue of $186.73 million during the quarter, compared to analyst estimates of $202.95 million. Research analysts forecast that Intuitive Machines, Inc. will post -0.04 earnings per share for the current year.

Insider Transactions at Intuitive Machines

In other news, CFO Peter Mcgrath sold 24,554 shares of Intuitive Machines stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total value of $579,719.94. Following the transaction, the chief financial officer owned 401,246 shares in the company, valued at approximately $9,473,418.06. The trade was a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Stephen J. Altemus sold 13,751 shares of Intuitive Machines stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $23.61, for a total value of $324,661.11. Following the sale, the chief executive officer directly owned 1,162,495 shares in the company, valued at approximately $27,446,506.95. The trade was a 1.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 906,297 shares of company stock worth $19,922,455. Insiders own 54.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LUNR. International Assets Investment Management LLC purchased a new stake in Intuitive Machines in the fourth quarter worth about $28,000. State of Wyoming purchased a new position in Intuitive Machines during the 1st quarter valued at approximately $39,000. GAMMA Investing LLC increased its stake in Intuitive Machines by 41.5% during the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock worth $43,000 after acquiring an additional 781 shares during the last quarter. Larson Financial Group LLC increased its stake in Intuitive Machines by 63.2% during the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after acquiring an additional 1,016 shares during the last quarter. Finally, CWM LLC increased its stake in Intuitive Machines by 406.4% during the fourth quarter. CWM LLC now owns 2,912 shares of the company’s stock worth $47,000 after acquiring an additional 2,337 shares during the last quarter. 72.21% of the stock is owned by 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.