Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report)’s stock price gapped up prior to trading on Friday after Roth Mkm raised their price target on the stock from $7.00 to $10.00. The stock had previously closed at $4.82, but opened at $5.95. Roth Mkm currently has a buy rating on the stock. Intuitive Machines shares last traded at $5.58, with a volume of 17,126,223 shares traded.
LUNR has been the subject of a number of other research reports. B. Riley began coverage on shares of Intuitive Machines in a research note on Friday, June 28th. They issued a “buy” rating and a $8.00 price target for the company. Canaccord Genuity Group dropped their price target on shares of Intuitive Machines from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday, August 14th. Finally, Benchmark restated a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday, August 14th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Intuitive Machines presently has an average rating of “Buy” and an average target price of $9.80.
Check Out Our Latest Stock Analysis on Intuitive Machines
Insiders Place Their Bets
Hedge Funds Weigh In On Intuitive Machines
Hedge funds and other institutional investors have recently modified their holdings of the company. Wedbush Securities Inc. acquired a new position in shares of Intuitive Machines during the second quarter valued at $35,000. Solstein Capital LLC acquired a new position in shares of Intuitive Machines during the first quarter valued at $44,000. Sender Co & Partners Inc. acquired a new position in shares of Intuitive Machines during the second quarter valued at $56,000. Baltimore Washington Financial Advisors Inc. acquired a new position in shares of Intuitive Machines during the first quarter valued at $67,000. Finally, Rhumbline Advisers acquired a new position in shares of Intuitive Machines during the second quarter valued at $119,000. Institutional investors and hedge funds own 72.21% of the company’s stock.
Intuitive Machines Price Performance
The company has a market cap of $619.42 million, a price-to-earnings ratio of 12.12 and a beta of 0.21. The firm’s fifty day moving average price is $4.09 and its 200-day moving average price is $5.03.
About Intuitive Machines
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.
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