Intuitive Machines (NASDAQ:LUNR) Stock Price Down 0.3% – Should You Sell?

Intuitive Machines, Inc. (NASDAQ:LUNR) shares traded down 0.3% on Wednesday . The company traded as low as $8.36 and last traded at $8.55. 3,152,380 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 8,719,884 shares. The stock had previously closed at $8.58.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price target on shares of Intuitive Machines in a report on Monday, September 30th. B. Riley raised their target price on shares of Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Benchmark reiterated a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, September 18th. Finally, Roth Mkm reissued a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, September 18th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Intuitive Machines currently has an average rating of “Buy” and an average target price of $10.60.

Intuitive Machines Price Performance

The company has a market cap of $1.01 billion, a price-to-earnings ratio of 19.51 and a beta of 0.34. The business’s fifty day moving average price is $6.52 and its 200 day moving average price is $5.23.

Intuitive Machines (NASDAQ:LUNR) last announced its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.09. The company had revenue of $41.41 million for the quarter, compared to the consensus estimate of $43.00 million. As a group, equities research analysts anticipate that Intuitive Machines, Inc. will post 0.47 EPS for the current year.

Insider Buying and Selling at Intuitive Machines

In related news, Director Kamal Seyed Ghaffarian sold 125,991 shares of Intuitive Machines stock in a transaction on Monday, October 7th. The shares were sold at an average price of $7.43, for a total transaction of $936,113.13. Following the completion of the transaction, the director now owns 3,494,768 shares of the company’s stock, valued at $25,966,126.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Kamal Seyed Ghaffarian sold 125,991 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $7.43, for a total transaction of $936,113.13. Following the completion of the sale, the director now owns 3,494,768 shares of the company’s stock, valued at $25,966,126.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Timothy Price Crain II sold 125,577 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $4.02, for a total value of $504,819.54. Following the completion of the transaction, the senior vice president now directly owns 362,810 shares in the company, valued at approximately $1,458,496.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,770,728 shares of company stock valued at $27,661,329. 73.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intuitive Machines

Large investors have recently bought and sold shares of the stock. Deuterium Capital Management LLC bought a new position in Intuitive Machines in the first quarter worth approximately $125,000. Baltimore Washington Financial Advisors Inc. bought a new position in shares of Intuitive Machines in the 1st quarter worth $67,000. Vanguard Group Inc. grew its position in Intuitive Machines by 250.0% in the 1st quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock valued at $3,758,000 after purchasing an additional 429,531 shares during the period. Sanders Morris Harris LLC increased its stake in Intuitive Machines by 264.9% during the 2nd quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock valued at $230,000 after purchasing an additional 50,600 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Intuitive Machines during the second quarter worth $272,000. 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.