Intuitive Machines (NASDAQ:LUNR) Sets New 12-Month High – Should You Buy?

Intuitive Machines, Inc. (NASDAQ:LUNR) shares hit a new 52-week high during trading on Thursday . The company traded as high as $24.16 and last traded at $23.82, with a volume of 18436960 shares changing hands. The stock had previously closed at $20.24.

Analysts Set New Price Targets

Several research analysts have weighed in on LUNR shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a report on Thursday, January 22nd. Canaccord Genuity Group upped their target price on Intuitive Machines from $22.50 to $24.00 and gave the company a “buy” rating in a research report on Friday, March 20th. B. Riley Financial reiterated a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, February 17th. KeyCorp lifted their price target on Intuitive Machines from $20.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Finally, Cantor Fitzgerald boosted their price target on Intuitive Machines from $16.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, March 20th. Eight equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Intuitive Machines currently has a consensus rating of “Hold” and an average price target of $19.94.

Intuitive Machines Trading Up 14.4%

The firm’s 50 day simple moving average is $18.21 and its two-hundred day simple moving average is $14.57. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of -31.36 and a beta of 1.40.

Intuitive Machines (NASDAQ:LUNR) last announced its earnings results on Thursday, March 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $44.79 million for the quarter, compared to analyst estimates of $53.37 million. As a group, equities research analysts anticipate that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intuitive Machines news, insider Steven Vontur sold 4,343 shares of Intuitive Machines stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $17.44, for a total value of $75,741.92. Following the completion of the transaction, the insider directly owned 117,047 shares of the company’s stock, valued at $2,041,299.68. The trade was a 3.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Timothy Price Crain II sold 150,000 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $17.55, for a total value of $2,632,500.00. Following the sale, the senior vice president owned 359,726 shares of the company’s stock, valued at approximately $6,313,191.30. The trade was a 29.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,773,731 shares of company stock valued at $33,353,852 in the last quarter. Company insiders own 39.75% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LUNR. International Assets Investment Management LLC acquired a new position in Intuitive Machines in the fourth quarter valued at about $28,000. GAMMA Investing LLC lifted its position 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 purchasing an additional 781 shares during the period. Larson Financial Group LLC grew 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 buying an additional 1,016 shares in the last quarter. CWM LLC increased its holdings in Intuitive Machines by 406.4% in the 4th quarter. CWM LLC now owns 2,912 shares of the company’s stock valued at $47,000 after buying an additional 2,337 shares during the period. Finally, Sunbelt Securities Inc. increased its holdings in Intuitive Machines by 144.8% in the 4th quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company’s stock valued at $48,000 after buying an additional 1,738 shares during the period. Institutional investors own 72.21% of the company’s stock.

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.