Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $25.00 and last traded at $23.6420, with a volume of 3751517 shares trading hands. The stock had previously closed at $22.73.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on LUNR. Canaccord Genuity Group boosted their target price on Intuitive Machines from $22.50 to $24.00 and gave the company a "buy" rating in a research note on Friday, March 20th. Weiss Ratings reissued a "sell (d-)" rating on shares of Intuitive Machines in a research note on Thursday, January 22nd. KeyCorp boosted their target price on Intuitive Machines from $20.00 to $26.00 and gave the company an "overweight" rating in a research note on Wednesday, January 28th. B. Riley Financial reaffirmed a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, February 17th. Finally, Stifel Nicolaus upped their price target on Intuitive Machines from $20.00 to $22.00 and gave the stock a "hold" rating in a research note on Monday, March 23rd. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $19.94.
View Our Latest Research Report on Intuitive Machines
Intuitive Machines Price Performance
The company has a market capitalization of $5.17 billion, a PE ratio of -32.09 and a beta of 1.31. The company has a 50 day moving average of $18.50 and a two-hundred day moving average of $15.00.
Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its quarterly earnings results on Thursday, March 19th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. The firm had revenue of $44.79 million during the quarter, compared to analysts' expectations of $53.37 million. On average, equities analysts anticipate that Intuitive Machines, Inc. will post 0.73 EPS for the current year.
Insider Buying and Selling
In related news, CEO Stephen J. Altemus sold 86,803 shares of the company's stock in a transaction on Friday, February 13th. The stock was sold at an average price of $16.01, for a total value of $1,389,716.03. Following the sale, the chief executive officer directly owned 1,176,246 shares of the company's stock, valued at $18,831,698.46. This represents a 6.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Peter Mcgrath sold 25,541 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $17.44, for a total value of $445,435.04. Following the completion of the sale, the chief financial officer directly owned 425,800 shares in the company, valued at approximately $7,425,952. This represents a 5.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,273,731 shares of company stock valued at $24,317,209 over the last 90 days. 39.75% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Intuitive Machines
Institutional investors have recently modified their holdings of the stock. Citigroup Inc. grew its stake in shares of Intuitive Machines by 627.6% in the third quarter. Citigroup Inc. now owns 1,048,106 shares of the company's stock worth $11,026,000 after acquiring an additional 904,065 shares during the last quarter. LBP AM SA grew its stake in shares of Intuitive Machines by 87.2% in the third quarter. LBP AM SA now owns 256,417 shares of the company's stock worth $2,698,000 after acquiring an additional 119,419 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Intuitive Machines by 36.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 486,752 shares of the company's stock worth $5,121,000 after acquiring an additional 129,896 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Intuitive Machines by 13.3% in the third quarter. Vanguard Group Inc. now owns 6,090,059 shares of the company's stock worth $64,067,000 after acquiring an additional 717,256 shares during the last quarter. Finally, ARK Investment Management LLC grew its stake in shares of Intuitive Machines by 78.9% in the third quarter. ARK Investment Management LLC now owns 2,073,233 shares of the company's stock worth $21,810,000 after acquiring an additional 914,458 shares during the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.
About Intuitive Machines
(
Get Free Report)
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.
Further Reading
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