Intuitive Machines (NASDAQ:LUNR) Hits New 52-Week High – Should You Buy?

Intuitive Machines, Inc. (NASDAQ:LUNRGet Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $44.85 and last traded at $44.43, with a volume of 4378215 shares. The stock had previously closed at $38.26.

Wall Street Analysts Forecast Growth

LUNR has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $34.00 price target on shares of Intuitive Machines in a report on Wednesday, May 20th. KeyCorp upped their target price on Intuitive Machines from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Canaccord Genuity Group upped their target price on Intuitive Machines from $24.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Roth Mkm upped their target price on Intuitive Machines from $25.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Finally, Cantor Fitzgerald upped their target price on Intuitive Machines from $26.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 19th. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Intuitive Machines presently has a consensus rating of “Hold” and a consensus target price of $31.50.

Check Out Our Latest Stock Analysis on LUNR

Intuitive Machines Price Performance

The business has a fifty day simple moving average of $26.27 and a 200 day simple moving average of $19.24. The firm has a market cap of $9.83 billion, a price-to-earnings ratio of -51.37 and a beta of 1.47.

Intuitive Machines (NASDAQ:LUNRGet Free Report) last announced 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 analyst estimates of $202.95 million. On average, research analysts anticipate that Intuitive Machines, Inc. will post -0.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Stephen J. Altemus sold 13,751 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total transaction of $324,661.11. Following the transaction, the chief executive officer owned 1,162,495 shares of the company’s stock, valued at approximately $27,446,506.95. This represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Timothy Price Crain II sold 8,447 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total value of $199,433.67. Following the transaction, the senior vice president directly owned 351,279 shares in the company, valued at approximately $8,293,697.19. The trade was a 2.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,048,206 shares of company stock valued at $24,782,839 in the last quarter. Corporate insiders own 54.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LUNR. International Assets Investment Management LLC acquired a new stake in shares of Intuitive Machines during the 4th quarter worth about $28,000. State of Wyoming acquired a new stake in shares of Intuitive Machines during the 1st quarter worth about $39,000. Larson Financial Group LLC raised its position in shares of Intuitive Machines by 63.2% during the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after acquiring an additional 1,016 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Intuitive Machines by 41.5% during the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock worth $43,000 after acquiring an additional 781 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Intuitive Machines by 34.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company’s stock worth $52,000 after acquiring an additional 712 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

Intuitive Machines Company Profile

(Get Free Report)

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.

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