Intuitive Machines (NASDAQ:LUNR) Shares Up 4.3%

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s share price traded up 4.3% on Tuesday . The company traded as high as $5.14 and last traded at $5.07. 1,059,379 shares were traded during trading, a decline of 88% from the average session volume of 8,945,361 shares. The stock had previously closed at $4.86.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Benchmark restated a "buy" rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Thursday, April 4th. Roth Mkm restated a "buy" rating and issued a $15.00 target price on shares of Intuitive Machines in a research note on Thursday, April 4th. Finally, Cantor Fitzgerald reduced their target price on Intuitive Machines from $13.00 to $10.00 and set an "overweight" rating for the company in a research note on Friday, March 22nd.

Intuitive Machines Stock Performance

The firm has a market cap of $614.83 million, a price-to-earnings ratio of 2.08 and a beta of 0.23. The business has a 50 day simple moving average of $5.95 and a 200-day simple moving average of $4.03.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, major shareholder Guy Shanon sold 123,717 shares of Intuitive Machines stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $8.99, for a total transaction of $1,112,215.83. Following the completion of the transaction, the insider now owns 1,302,673 shares in the company, valued at approximately $11,711,030.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 78.93% of the company's stock.

Hedge Funds Weigh In On Intuitive Machines

Several hedge funds have recently modified their holdings of LUNR. CPMG Inc bought a new position in shares of Intuitive Machines during the 1st quarter worth approximately $14,270,000. Nomura Holdings Inc. bought a new position in shares of Intuitive Machines during the 3rd quarter worth approximately $1,369,000. Hudson Bay Capital Management LP bought a new position in shares of Intuitive Machines during the 1st quarter worth approximately $2,549,000. HGC Investment Management Inc. bought a new position in shares of Intuitive Machines during the 1st quarter worth approximately $2,430,000. Finally, Polar Asset Management Partners Inc. bought a new position in shares of Intuitive Machines during the 1st quarter worth approximately $1,620,000. Institutional investors own 72.21% of the company's stock.

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.