Intuitive Machines (NASDAQ:LUNR) Reaches New 1-Year High – Should You Buy?

Intuitive Machines, Inc. (NASDAQ:LUNR)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $15.79 and last traded at $15.71, with a volume of 4510201 shares trading hands. The stock had previously closed at $14.45.

Analysts Set New Price Targets

LUNR has been the subject of several research analyst reports. Cantor Fitzgerald boosted their target price on Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Canaccord Genuity Group increased their price objective on shares of Intuitive Machines from $11.00 to $12.50 and gave the company a “buy” rating in a research note on Friday, November 15th. Roth Mkm reaffirmed a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. Benchmark upped their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, B. Riley raised their price objective on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Intuitive Machines currently has a consensus rating of “Buy” and a consensus price target of $13.10.

Intuitive Machines Stock Performance

The stock’s fifty day simple moving average is $9.49 and its two-hundred day simple moving average is $6.29. The stock has a market capitalization of $2.29 billion, a P/E ratio of -5.56 and a beta of 0.35.

Insider Transactions at Intuitive Machines

In related news, CFO Steven Vontur sold 10,274 shares of Intuitive Machines stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $5.58, for a total value of $57,328.92. Following the transaction, the chief financial officer now directly owns 117,500 shares of the company’s stock, valued at $655,650. The trade was a 8.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Timothy Price Crain II sold 400,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $12.10, for a total value of $4,840,000.00. Following the completion of the sale, the senior vice president now owns 362,810 shares in the company, valued at $4,390,001. The trade was a 52.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,762,371 shares of company stock worth $38,664,183. Company insiders own 73.68% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

Large investors have recently bought and sold shares of the stock. Wedbush Securities Inc. bought a new stake in Intuitive Machines in the 2nd quarter worth about $35,000. Sender Co & Partners Inc. purchased a new position in Intuitive Machines during the 2nd quarter valued at about $56,000. Waldron Private Wealth LLC purchased a new position in Intuitive Machines during the third quarter valued at approximately $83,000. The Manufacturers Life Insurance Company bought a new stake in Intuitive Machines during the 3rd quarter worth approximately $85,000. Finally, SG Americas Securities LLC bought a new position in Intuitive Machines in the 3rd quarter valued at $93,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

About Intuitive Machines

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.