Intuitive Machines (NASDAQ:LUNR) Trading Up 7%

Intuitive Machines, Inc. (NASDAQ:LUNR) rose 7% during mid-day trading on Tuesday . The company traded as high as $6.75 and last traded at $6.58. Approximately 3,103,580 shares changed hands during trading, a decline of 68% from the average daily volume of 9,797,288 shares. The stock had previously closed at $6.15.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research report on Friday, March 15th. Cantor Fitzgerald dropped their price objective on shares of Intuitive Machines from $13.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd.

Intuitive Machines Stock Down 3.5 %

The stock has a market capitalization of $632.55 million, a PE ratio of 2.79 and a beta of 0.22. The business’s 50-day moving average is $5.29 and its two-hundred day moving average is $3.89.

Insider Transactions at Intuitive Machines

In related news, major shareholder Guy Shanon sold 123,717 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $8.99, for a total transaction of $1,112,215.83. Following the sale, the insider now owns 1,302,673 shares of the company’s stock, valued at $11,711,030.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 78.93% of the company’s stock.

Institutional Trading of Intuitive Machines

Institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC acquired a new position in shares of Intuitive Machines in the third quarter worth about $365,000. Nomura Holdings Inc. bought a new position in shares of Intuitive Machines during the third quarter valued at approximately $1,369,000. Cypress Financial Planning LLC bought a new position in shares of Intuitive Machines during the third quarter valued at approximately $39,000. Geode Capital Management LLC grew its holdings in Intuitive Machines by 154.1% in the 2nd quarter. Geode Capital Management LLC now owns 134,566 shares of the company’s stock worth $1,102,000 after buying an additional 81,617 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Intuitive Machines by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 171,823 shares of the company’s stock worth $439,000 after buying an additional 4,387 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, 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 µNova, a lunar rocket-fueled drone, lunar surface rover services, fixed lunar surface services, rideshare delivery services, lunar access services, lunar orbit delivery services, and lunar data network services, as well as content sales and marketing.