Intuitive Machines (NASDAQ:LUNR) Hits New 52-Week High – Here’s What Happened

Intuitive Machines, Inc. (NASDAQ:LUNR) reached a new 52-week high during trading on Wednesday . The company traded as high as $25.00 and last traded at $23.6420, with a volume of 3751517 shares. The stock had previously closed at $22.73.

Analyst Upgrades and Downgrades

LUNR has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Intuitive Machines from $18.00 to $22.00 and gave the company a “buy” rating in a report on Friday, March 20th. Cantor Fitzgerald upped their price target on Intuitive Machines from $16.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, March 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a report on Thursday, January 22nd. KeyCorp upped their price target on Intuitive Machines from $20.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Finally, Roth Mkm reaffirmed a “buy” rating on shares of Intuitive Machines in a report on Wednesday, February 25th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.94.

Intuitive Machines Stock Up 4.8%

The business has a fifty day simple moving average of $18.50 and a two-hundred day simple moving average of $15.00. The company has a market cap of $5.17 billion, a P/E ratio of -32.09 and a beta of 1.31.

Intuitive Machines (NASDAQ:LUNR) last posted its earnings results on Thursday, March 19th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $44.79 million during the quarter, compared to the consensus estimate of $53.37 million. On average, equities analysts predict that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Insider Transactions at Intuitive Machines

In other Intuitive Machines news, CEO Stephen J. Altemus sold 428,503 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $20.06, for a total value of $8,595,770.18. Following the transaction, the chief executive officer owned 1,026,402 shares of the company’s stock, valued at approximately $20,589,624.12. This represents a 29.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Peter Mcgrath sold 25,541 shares of the stock in a transaction dated 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 directly owned 425,800 shares in the company, valued at approximately $7,425,952. This represents a 5.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,273,731 shares of company stock worth $24,317,209 in the last ninety days. Insiders own 39.75% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LUNR. Trustees of the University of Pennsylvania bought a new position in Intuitive Machines in the fourth quarter valued at about $52,689,000. First Trust Advisors LP raised its stake in shares of Intuitive Machines by 3,582.9% in the third quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock worth $25,809,000 after buying an additional 2,386,688 shares during the period. Jump Financial LLC raised its stake in shares of Intuitive Machines by 5,262.9% in the third quarter. Jump Financial LLC now owns 1,339,872 shares of the company’s stock worth $14,095,000 after buying an additional 1,314,888 shares during the period. Marshall Wace LLP raised its stake in shares of Intuitive Machines by 523.7% in the fourth quarter. Marshall Wace LLP now owns 1,260,459 shares of the company’s stock worth $20,457,000 after buying an additional 1,058,376 shares during the period. Finally, Voya Investment Management LLC raised its stake in shares of Intuitive Machines by 56.1% in the third quarter. Voya Investment Management LLC now owns 2,656,684 shares of the company’s stock worth $27,948,000 after buying an additional 954,778 shares during the period. 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.