Intuitive Machines (NASDAQ:LUNR) Trading Up 8.4% – What’s Next?

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) were up 8.4% during trading on Wednesday . The stock traded as high as $18.40 and last traded at $18.0240. Approximately 4,172,792 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 11,088,586 shares. The stock had previously closed at $16.62.

Wall Street Analysts Forecast Growth

LUNR has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a research note on Thursday, January 22nd. B. Riley Financial reaffirmed a “buy” rating on shares of Intuitive Machines in a research report on Tuesday. Roth Mkm reiterated a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, November 4th. Zacks Research upgraded shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Intuitive Machines in a report on Wednesday, December 3rd. Nine equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.27.

Intuitive Machines Stock Performance

The firm has a 50-day moving average price of $17.19 and a two-hundred day moving average price of $12.66. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of -7.18 and a beta of 1.37.

Insider Activity at Intuitive Machines

In other news, CFO Peter Mcgrath sold 25,541 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $17.44, for a total value of $445,435.04. Following the completion of the transaction, the chief financial officer owned 425,800 shares in the company, valued at approximately $7,425,952. This represents a 5.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Timothy Price Crain II sold 23,226 shares of Intuitive Machines stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $17.44, for a total transaction of $405,061.44. Following the sale, the senior vice president owned 359,726 shares in the company, valued at $6,273,621.44. This represents a 6.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,689,913 shares of company stock worth $62,240,781 over the last 90 days. 39.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. VARCOV Co. purchased a new position in shares of Intuitive Machines during the fourth quarter worth approximately $675,000. Voloridge Investment Management LLC raised its holdings in shares of Intuitive Machines by 110.4% in the fourth quarter. Voloridge Investment Management LLC now owns 962,737 shares of the company’s stock valued at $15,625,000 after buying an additional 505,097 shares during the last quarter. Polymer Capital Management US LLC acquired a new stake in shares of Intuitive Machines during the fourth quarter worth about $1,222,000. Quadrature Capital Ltd acquired a new position in Intuitive Machines in the 4th quarter valued at about $1,882,000. Finally, Concentric Capital Strategies LP acquired a new position in Intuitive Machines in the 4th quarter valued at about $2,523,000. Institutional investors and hedge funds 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.