Intuitive Machines (NASDAQ:LUNR) Stock Price Up 5.4% - Here's Why

Key Points

• Intuitive Machines shares rose 5.4% to $15.06 in midday trading, with roughly 11.9 million shares changing hands. The stock remains below its 200-day moving average of $21.32.
• Analyst sentiment is broadly positive, with seven Buy ratings, one Hold and two Sell ratings, producing a “Moderate Buy” consensus and an average price target of $30.50.
• The company recently missed quarterly expectations, reporting a $0.29-per-share loss versus the projected $0.09 loss and revenue of $206.17 million versus estimates of $212.32 million. Insiders sold more than 12.2 million shares worth about $158.6 million during the last quarter.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) traded up 5.4% during mid-day trading on Tuesday. The company traded as high as $15.31 and last traded at $15.06. Approximately 11,928,314 shares changed hands during mid-day trading, a decline of 0% from the average session volume of 11,969,739 shares. The stock had previously closed at $14.29.

Analyst Ratings Changes

LUNR has been the subject of several analyst reports. Cantor Fitzgerald restated an "overweight" rating on shares of Intuitive Machines in a report on Monday, September 21st. Weiss Ratings reiterated a "sell (d-)" rating on shares of Intuitive Machines in a research note on Friday, July 17th. Canaccord Genuity Group cut their price objective on Intuitive Machines from $41.00 to $39.00 and set a "buy" rating for the company in a research report on Tuesday, August 18th. B. Riley Financial lowered their target price on Intuitive Machines from $45.00 to $43.00 and set a "buy" rating on the stock in a report on Friday, August 14th. Finally, Roth Capital set a $30.00 price target on Intuitive Machines in a report on Thursday, August 13th. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $30.50.

Intuitive Machines Trading Up 5.4%

The firm's fifty day moving average price is $15.33 and its 200-day moving average price is $21.32. The company has a market cap of $3.45 billion, a P/E ratio of -15.85 and a beta of 1.86.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.20). The company had revenue of $206.17 million during the quarter, compared to analyst estimates of $212.32 million. As a group, research analysts forecast that Intuitive Machines, Inc. will post -0.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Intuitive Machines

In other news, SVP Timothy Crain, II sold 100,000 shares of Intuitive Machines stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $13.98, for a total transaction of $1,398,000.00. Following the sale, the senior vice president directly owned 351,279 shares in the company, valued at approximately $4,910,880.42. The trade was a 22.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder International L.P. Advent sold 11,495,514 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $12.84, for a total value of $147,602,399.76. Following the completion of the transaction, the insider directly owned 11,495,514 shares of the company's stock, valued at approximately $147,602,399.76. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,201,528 shares of company stock valued at $158,629,235 over the last quarter. 54.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Nykredit A S acquired a new position in Intuitive Machines in the second quarter worth $25,000. State of Wyoming bought a new stake in Intuitive Machines during the 1st quarter worth about $39,000. PNC Financial Services Group Inc. increased its position in Intuitive Machines by 34.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company's stock valued at $52,000 after acquiring an additional 712 shares in the last quarter. JTC Employer Solutions Trustee Ltd acquired a new position in shares of Intuitive Machines during the first quarter worth approximately $59,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Intuitive Machines during the second quarter valued at approximately $88,000. 72.21% of the stock is owned by institutional investors and hedge funds.

Intuitive Machines Company Profile

Intuitive Machines, Inc is a space exploration and infrastructure company headquartered in Houston, Texas. The company develops and operates lunar landers, spacecraft, and related systems designed to deliver payloads to the Moon and support communications, navigation, and other lunar operations.

Its primary product platform is the Nova-C lunar lander, which is designed to transport scientific instruments, technology demonstrations, and commercial payloads to the lunar surface. Intuitive Machines also provides lunar data transmission and satellite communications services, autonomous navigation systems, precision landing technologies, and other products intended to support a broader lunar economy.

Founded in 2013 by Steve Altemus, who serves as president and chief executive officer, Intuitive Machines became a publicly traded company in 2024.

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