Intuitive Machines (NASDAQ:LUNR) Stock Price Up 15.5% – Should You Buy?

Intuitive Machines, Inc. (NASDAQ:LUNR)’s stock price rose 15.5% during mid-day trading on Thursday . The company traded as high as $30.91 and last traded at $30.64. Approximately 21,639,367 shares traded hands during mid-day trading, an increase of 60% from the average daily volume of 13,555,391 shares. The stock had previously closed at $26.53.

Wall Street Analysts Forecast Growth

LUNR has been the topic of a number of research analyst reports. Cantor Fitzgerald lifted their price target on Intuitive Machines from $26.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 19th. Zacks Research lowered Intuitive Machines from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Canaccord Genuity Group lifted their price target on Intuitive Machines from $24.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Wall Street Zen upgraded Intuitive Machines from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, Roth Mkm lifted their price objective on Intuitive Machines from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $31.50.

Intuitive Machines Stock Down 13.1%

The stock has a market cap of $5.78 billion, a PE ratio of -30.25 and a beta of 1.68. The stock has a 50-day moving average of $29.89 and a 200 day moving average of $21.24.

Intuitive Machines (NASDAQ:LUNR) last posted its earnings results on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The business had revenue of $186.73 million during the quarter, compared to the consensus estimate of $202.95 million. Research analysts forecast that Intuitive Machines, Inc. will post -0.35 EPS for the current fiscal year.

Insider Buying and Selling

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock in a transaction on Monday, June 1st. The stock was sold at an average price of $39.02, for a total value of $5,537,289.18. Following the sale, the director owned 3,494,768 shares in the company, valued at $136,365,847.36. The trade was a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William John Liquori, Jr. sold 18,321 shares of Intuitive Machines stock in a transaction on Monday, June 8th. The shares were sold at an average price of $29.87, for a total value of $547,248.27. Following the completion of the sale, the director owned 68,875 shares in the company, valued at $2,057,296.25. This represents a 21.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,208,436 shares of company stock valued at $30,867,376. 54.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intuitive Machines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its position in Intuitive Machines by 34.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company’s stock valued at $52,000 after purchasing an additional 712 shares during the period. GAMMA Investing LLC grew its stake in shares of Intuitive Machines by 41.5% in the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock valued at $43,000 after buying an additional 781 shares in the last quarter. Sigma Planning Corp grew its stake in shares of Intuitive Machines by 8.8% in the fourth quarter. Sigma Planning Corp now owns 10,947 shares of the company’s stock valued at $178,000 after buying an additional 886 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its stake in shares of Intuitive Machines by 9.9% in the first quarter. Nations Financial Group Inc. IA ADV now owns 11,080 shares of the company’s stock valued at $206,000 after buying an additional 1,000 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Intuitive Machines by 63.2% in the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $43,000 after buying an additional 1,016 shares in the last quarter. Hedge funds and other 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.