Intuitive Machines (NASDAQ:LUNR) Stock Price Down 7.2% - Here's What Happened

Key Points

• Shares fell 7.2% on Friday to about $15.50 (intraday low $15.73) on light volume — ~1.54M shares traded, down about 84% versus the average — giving the company a market cap near $2.8 billion.
• The analyst consensus is a “Moderate Buy” with an average price target of $16.25, based on a mix of ratings (1 Strong Buy, 10 Buy, 2 Hold, 2 Sell) and several recent price-targets ranging around $9.50–$18.00.
• Insiders and institutions remain active: the SVP sold 200,000 shares at ~$16.04, a director bought 100,000 shares at $8.83, insiders have sold 2.35M shares in the past 90 days and own ~39.8% of shares while institutional ownership is ~72.2%, with notable position increases by Alyeska and XTX Topco.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) shares fell 7.2% on Friday . The company traded as low as $15.73 and last traded at $15.5010. 1,542,683 shares were traded during mid-day trading, a decline of 84% from the average session volume of 9,444,190 shares. The stock had previously closed at $16.71.

Wall Street Analysts Forecast Growth

LUNR has been the subject of several analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Intuitive Machines in a research note on Wednesday, October 8th. Stifel Nicolaus assumed coverage on Intuitive Machines in a research report on Monday, November 3rd. They issued a "buy" rating and a $18.00 price target for the company. Zacks Research upgraded shares of Intuitive Machines from a "strong sell" rating to a "hold" rating in a research note on Thursday, November 20th. Deutsche Bank Aktiengesellschaft set a $18.00 price target on shares of Intuitive Machines and gave the company a "buy" rating in a research report on Friday, October 17th. Finally, Bank of America upped their price objective on shares of Intuitive Machines from $8.50 to $9.50 and gave the stock an "underperform" rating in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $16.25.

Intuitive Machines Price Performance

The stock's 50 day simple moving average is $11.16 and its two-hundred day simple moving average is $10.71. The stock has a market capitalization of $2.80 billion, a PE ratio of -6.29 and a beta of 1.44.

Insiders Place Their Bets

In other Intuitive Machines news, SVP Timothy Price Crain II sold 200,000 shares of the business's stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $16.04, for a total value of $3,208,000.00. Following the sale, the senior vice president directly owned 298,435 shares in the company, valued at $4,786,897.40. The trade was a 40.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Blitzer acquired 100,000 shares of the firm's stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average cost of $8.83 per share, with a total value of $883,000.00. Following the acquisition, the director owned 1,931,248 shares in the company, valued at $17,052,919.84. The trade was a 5.46% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 2,350,000 shares of company stock valued at $36,849,531 over the last ninety days. 39.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LUNR. CIBC Bancorp USA Inc. purchased a new stake in shares of Intuitive Machines in the 3rd quarter valued at about $123,000. PharVision Advisers LLC purchased a new position in shares of Intuitive Machines in the 3rd quarter worth about $405,000. XTX Topco Ltd increased its position in shares of Intuitive Machines by 950.7% during the 3rd quarter. XTX Topco Ltd now owns 193,544 shares of the company's stock valued at $2,036,000 after purchasing an additional 175,124 shares during the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of Intuitive Machines by 177.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,429,791 shares of the company's stock valued at $15,041,000 after buying an additional 913,650 shares in the last quarter. Finally, Voleon Capital Management LP bought a new stake in Intuitive Machines in the 3rd quarter worth approximately $480,000. 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.

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