Intuitive Machines (NASDAQ:LUNR) Hits New 1-Year High – Time to Buy?

Intuitive Machines, Inc. (NASDAQ:LUNR)’s share price 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 changing hands. The stock had previously closed at $38.26.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LUNR shares. Canaccord Genuity Group increased their target price on Intuitive Machines from $24.00 to $41.00 and gave the company a “buy” rating in a report on Friday, May 15th. Roth Mkm increased their target price on shares of Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Zacks Research cut shares of Intuitive Machines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. B. Riley Financial increased their target price on shares of Intuitive Machines to $45.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Stifel Nicolaus set a $32.00 target price on shares of Intuitive Machines in a research report on Friday, May 15th. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $31.50.

Intuitive Machines Price Performance

The stock has a market cap of $9.44 billion, a price-to-earnings ratio of -49.48 and a beta of 1.47. The firm has a fifty day moving average of $25.47 and a 200 day moving average of $18.85.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The company had revenue of $186.73 million during the quarter, compared to analysts’ expectations of $202.95 million. Research analysts anticipate that Intuitive Machines, Inc. will post -0.44 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Kamal Seyed Ghaffarian sold 141,909 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $34.25, for a total transaction of $4,860,383.25. Following the completion of the sale, the director directly owned 3,494,768 shares in the company, valued at approximately $119,695,804. This trade represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen J. Altemus sold 13,751 shares of the firm’s 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 sale, the chief executive officer owned 1,162,495 shares of the company’s stock, valued at approximately $27,446,506.95. The trade was a 1.17% decrease in their ownership of the stock. 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 a total of 1,048,206 shares of company stock valued at $24,782,839 in the last ninety days. 54.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intuitive Machines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new stake in Intuitive Machines during the fourth quarter worth $28,000. State of Wyoming acquired a new stake in Intuitive Machines during the first quarter worth $39,000. GAMMA Investing LLC increased its stake in Intuitive Machines by 41.5% during the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock worth $43,000 after acquiring an additional 781 shares during the last quarter. Larson Financial Group LLC increased its stake in Intuitive Machines by 63.2% during the fourth 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 during the last quarter. Finally, CWM LLC increased its position in shares of Intuitive Machines by 406.4% during the fourth quarter. CWM LLC now owns 2,912 shares of the company’s stock valued at $47,000 after acquiring an additional 2,337 shares during the last quarter. Institutional investors and hedge funds 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.