Intuitive Machines (NASDAQ:LUNR) Shares Up 6.5% - Should You Buy?

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s share price was up 6.5% during trading on Thursday . The company traded as high as $10.85 and last traded at $10.69. Approximately 2,923,164 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 12,838,596 shares. The stock had previously closed at $10.04.

Analyst Ratings Changes

A number of equities analysts have recently commented on LUNR shares. Roth Mkm dropped their target price on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, March 11th. Roth Capital reiterated a "buy" rating on shares of Intuitive Machines in a report on Tuesday, May 13th. Barclays started coverage on Intuitive Machines in a report on Thursday, May 22nd. They issued a "neutral" rating for the company. Cantor Fitzgerald lifted their target price on Intuitive Machines from $13.00 to $16.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. Finally, B. Riley reiterated a "buy" rating on shares of Intuitive Machines in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Intuitive Machines presently has a consensus rating of "Moderate Buy" and an average price target of $16.06.

Intuitive Machines Trading Down 3.5%

The stock has a fifty day moving average of $10.37 and a 200-day moving average of $12.99.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.10). The company had revenue of $62.52 million during the quarter, compared to the consensus estimate of $66.07 million. As a group, equities analysts expect that Intuitive Machines, Inc. will post 0.73 earnings per share for the current year.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, CFO Peter Mcgrath sold 37,906 shares of Intuitive Machines stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $7.71, for a total transaction of $292,255.26. Following the completion of the sale, the chief financial officer now directly owns 438,992 shares of the company's stock, valued at $3,384,628.32. The trade was a 7.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 40,254 shares of Intuitive Machines stock in a transaction on Friday, June 6th. The shares were sold at an average price of $12.04, for a total value of $484,658.16. Following the sale, the director now directly owns 3,494,768 shares of the company's stock, valued at approximately $42,077,006.72. This trade represents a 1.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 311,344 shares of company stock valued at $3,591,223 in the last ninety days. Corporate insiders own 39.75% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Headlands Technologies LLC raised its position in shares of Intuitive Machines by 161,529.8% in the 4th quarter. Headlands Technologies LLC now owns 244,061 shares of the company's stock worth $4,432,000 after acquiring an additional 243,910 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Intuitive Machines in the 4th quarter worth $2,361,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Intuitive Machines in the 4th quarter worth $5,600,000. Bank of America Corp DE raised its position in shares of Intuitive Machines by 209.0% in the 4th quarter. Bank of America Corp DE now owns 57,192 shares of the company's stock worth $1,039,000 after acquiring an additional 38,684 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Intuitive Machines by 20.5% in the 4th quarter. Geode Capital Management LLC now owns 1,125,005 shares of the company's stock worth $20,437,000 after acquiring an additional 191,733 shares in the last quarter. 72.21% of the stock is 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.