Intuitive Machines (NASDAQ:LUNR) Hits 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 Monday . The company traded as high as $29.25 and last traded at $28.8820, with a volume of 3349425 shares trading hands. The stock had previously closed at $27.58.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LUNR shares. B. Riley Financial restated a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, February 17th. Stifel Nicolaus upped their target price on shares of Intuitive Machines from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Monday, March 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a research report on Thursday, January 22nd. Cantor Fitzgerald increased their price target on shares of Intuitive Machines from $16.00 to $26.00 and gave the company an “overweight” rating in a research report on Friday, March 20th. Finally, Canaccord Genuity Group increased their price target on shares of Intuitive Machines from $22.50 to $24.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $21.45.

Intuitive Machines Stock Performance

The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of -37.30 and a beta of 1.31. The business’s 50-day moving average is $19.43 and its two-hundred day moving average is $15.80.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly 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 analyst estimates of $53.37 million. Analysts forecast that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Insiders Place Their Bets

In related news, Director Kamal Seyed Ghaffarian sold 141,909 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $23.20, for a total value of $3,292,288.80. Following the sale, the director directly owned 3,494,768 shares in the company, valued at $81,078,617.60. This trade represents a 3.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Peter Mcgrath sold 24,554 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $23.61, for a total transaction of $579,719.94. Following the completion of the sale, the chief financial officer owned 401,246 shares in the company, valued at $9,473,418.06. This represents a 5.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 762,392 shares of company stock worth $14,674,660 over the last ninety days. Company insiders own 39.75% of the company’s stock.

Institutional Trading of Intuitive Machines

Large investors have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new stake in Intuitive Machines during the 4th quarter worth approximately $28,000. Larson Financial Group LLC increased its stake in 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 purchasing an additional 1,016 shares in the last quarter. GAMMA Investing LLC increased its stake in 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 purchasing an additional 781 shares in the last quarter. CWM LLC increased its stake in Intuitive Machines by 406.4% during the 4th quarter. CWM LLC now owns 2,912 shares of the company’s stock worth $47,000 after purchasing an additional 2,337 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its stake in Intuitive Machines by 144.8% during the 4th quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company’s stock worth $48,000 after purchasing an additional 1,738 shares in the last quarter. 72.21% of the stock is owned by institutional investors.

About Intuitive Machines

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.