Intuitive Machines (NASDAQ:LUNR) Trading Up 15.7% – Should You Buy?

Intuitive Machines, Inc. (NASDAQ:LUNR)’s stock price was up 15.7% on Wednesday . The stock traded as high as $40.70 and last traded at $40.34. Approximately 29,619,030 shares were traded during trading, an increase of 121% from the average daily volume of 13,390,905 shares. The stock had previously closed at $34.86.

Analysts Set New Price Targets

Several analysts have recently weighed in on LUNR shares. Canaccord Genuity Group lifted their price objective on Intuitive Machines from $24.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Roth Mkm lifted their price objective on Intuitive Machines from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $34.00 price objective on shares of Intuitive Machines in a report on Wednesday, May 20th. Finally, Stifel Nicolaus set a $32.00 target price on Intuitive Machines in a research report on Friday, May 15th. Eight equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $31.50.

Intuitive Machines Stock Performance

The firm has a market cap of $9.51 billion, a P/E ratio of -49.81 and a beta of 1.47. The company has a 50-day moving average of $26.81 and a 200 day moving average of $19.50.

Intuitive Machines (NASDAQ:LUNR) last posted its earnings results on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate 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. Sell-side analysts anticipate that Intuitive Machines, Inc. will post -0.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other Intuitive Machines news, CEO Stephen J. Altemus sold 13,751 shares of Intuitive Machines stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total value of $324,661.11. Following the completion of the transaction, the chief executive officer owned 1,162,495 shares in the company, valued at approximately $27,446,506.95. The trade was a 1.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Peter Mcgrath sold 24,554 shares of Intuitive Machines stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $23.61, for a total value of $579,719.94. Following the completion of the transaction, the chief financial officer owned 401,246 shares of the company’s stock, valued at approximately $9,473,418.06. The trade was a 5.77% decrease in their position. 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 90 days, insiders have sold 1,048,206 shares of company stock worth $24,782,839. 54.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Intuitive Machines

Institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in shares of Intuitive Machines during the fourth quarter worth $28,000. State of Wyoming bought a new stake in shares of Intuitive Machines during the first quarter worth $39,000. GAMMA Investing LLC raised its position in shares of 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 raised its position in shares of 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 raised its position in shares of 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. Institutional investors own 72.21% of the company’s stock.

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.