Intuitive Machines (NASDAQ:LUNR) Shares Down 7.1% – Time to Sell?

Intuitive Machines, Inc. (NASDAQ:LUNR)’s share price fell 7.1% during trading on Monday . The company traded as low as $11.93 and last traded at $11.1210. 699,722 shares were traded during mid-day trading, a decline of 92% from the average session volume of 9,253,594 shares. The stock had previously closed at $11.97.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LUNR shares. Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a research note on Wednesday, October 8th. Roth Capital reaffirmed a “buy” rating on shares of Intuitive Machines in a report on Tuesday, November 4th. Stifel Nicolaus initiated coverage on shares of Intuitive Machines in a report on Monday, November 3rd. They set a “buy” rating and a $18.00 price objective on the stock. Bank of America raised their target price on Intuitive Machines from $8.50 to $9.50 and gave the stock an “underperform” rating in a research note on Wednesday, November 19th. Finally, Canaccord Genuity Group dropped their price target on Intuitive Machines from $18.50 to $15.50 and set a “buy” rating on the stock in a research note on Friday, November 7th. Ten investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Intuitive Machines currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.50.

Intuitive Machines Stock Down 0.8%

The company has a market cap of $1.93 billion, a PE ratio of -4.32 and a beta of 1.44. The firm’s fifty day simple moving average is $10.89 and its 200-day simple moving average is $10.54.

Insider Buying and Selling

In other news, Director Michael Blitzer acquired 141,080 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were bought at an average cost of $9.27 per share, for a total transaction of $1,307,811.60. Following the acquisition, the director directly owned 1,831,248 shares in the company, valued at $16,975,668.96. This trade represents a 8.35% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 39.75% of the company’s stock.

Hedge Funds Weigh In On Intuitive Machines

Institutional investors and hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC grew its stake in shares of Intuitive Machines by 180.0% during the second quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock valued at $30,000 after acquiring an additional 1,800 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Intuitive Machines by 35.6% in the second quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock valued at $47,000 after purchasing an additional 1,127 shares during the period. Quarry LP raised its stake in shares of Intuitive Machines by 151.4% during the third quarter. Quarry LP now owns 6,457 shares of the company’s stock valued at $68,000 after purchasing an additional 3,889 shares in the last quarter. GF Fund Management CO. LTD. acquired a new position in Intuitive Machines during the 3rd quarter valued at about $94,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Intuitive Machines in the third quarter valued at approximately $109,000. 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 lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.