Intuitive Machines (NASDAQ:LUNR) Stock Price Up 9.2% - What's Next?

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) was up 9.2% on Friday . The company traded as high as $11.72 and last traded at $11.88. Approximately 3,958,395 shares changed hands during trading, a decline of 69% from the average daily volume of 12,676,257 shares. The stock had previously closed at $10.88.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Canaccord Genuity Group upped their price objective on shares of Intuitive Machines from $21.00 to $21.50 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft started coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They issued a "hold" rating and a $18.00 price objective for the company. Roth Capital reissued a "buy" rating on shares of Intuitive Machines in a report on Tuesday, May 13th. B. Riley reissued a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, March 25th. Finally, Barclays began coverage on Intuitive Machines in a report on Thursday, May 22nd. They issued a "neutral" rating for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Intuitive Machines has a consensus rating of "Moderate Buy" and a consensus price target of $16.06.

Intuitive Machines Trading Up 8.9%

The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of -4.04 and a beta of 1.47. The firm has a 50-day simple moving average of $9.38 and a two-hundred day simple moving average of $13.31.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.10). The firm had revenue of $62.52 million for the quarter, compared to analyst estimates of $66.07 million. On average, sell-side analysts forecast that Intuitive Machines, Inc. will post 0.73 earnings per share for the current year.

Insider Buying and Selling at Intuitive Machines

In other news, Director Kamal Seyed Ghaffarian sold 161,016 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $12.10, for a total value of $1,948,293.60. Following the completion of the sale, the director now directly owns 3,494,768 shares in the company, valued at approximately $42,286,692.80. The trade was a 4.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Peter Mcgrath sold 72,168 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $12.00, for a total transaction of $866,016.00. Following the completion of the transaction, the chief financial officer now owns 366,824 shares in the company, valued at $4,401,888. The trade was a 16.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 271,090 shares of company stock worth $3,106,565 over the last three months. Corporate insiders own 73.68% of the company's stock.

Hedge Funds Weigh In On Intuitive Machines

A number of institutional investors have recently made changes to their positions in the business. Quarry LP bought a new position in shares of Intuitive Machines during the 4th quarter worth about $44,000. Jones Financial Companies Lllp raised its holdings in shares of Intuitive Machines by 751.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock valued at $70,000 after buying an additional 3,381 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Intuitive Machines by 201.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock worth $90,000 after buying an additional 3,300 shares in the last quarter. Ancora Advisors LLC bought a new position in Intuitive Machines in the 4th quarter valued at $91,000. Finally, GAMMA Investing LLC raised its stake in shares of Intuitive Machines by 97,862.5% during the first quarter. GAMMA Investing LLC now owns 7,837 shares of the company's stock worth $580,000 after buying an additional 7,829 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors.

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.

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