In yesterday’s Wall Street session, Intuitive Machines Inc (NASDAQ:LUNR) shares traded at $5.24, up 4.80% from the previous session.
LUNR stock price is now -8.75% away from the 50-day moving average and 7.57% away from the 200-day moving average. The market capitalization of the company currently stands at $267.66M.
With the price target of $11, Cantor Fitzgerald recently initiated with Overweight rating for Intuitive Machines Inc (NASDAQ: LUNR). On March 10, 2023, ROTH MKM recently initiated its ‘Buy’ rating on the stock quoting a target price of $20, while ‘Canaccord Genuity’ rates the stock as ‘Buy’
In other news, SHANON GUY, 10% Owner sold 123,717 shares of the company’s stock on Feb 22 ’24. The stock was sold for $1,111,956 at an average price of $8.99. Upon completion of the transaction, the 10% Owner now directly owns 1,302,673 shares in the company, valued at $6.83 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21 ’24, 10% Owner SHANON GUY sold 236,283 shares of the business’s stock. A total of $2,959,137 was realized by selling the stock at an average price of $12.52. This leaves the insider owning 1,426,390 shares of the company worth $7.47 million. A total of 17.23% of the company’s stock is owned by insiders.
During the past 12 months, Intuitive Machines Inc has had a low of $2.09 and a high of $13.25. The fifty day moving average price for LUNR is $5.78 and a two-hundred day moving average price translates $4.86 for the stock.
The latest earnings results from Intuitive Machines Inc (NASDAQ: LUNR) was released for Dec, 2023. The company reported revenue of $30.56 million for the quarter, compared to $37.99 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -19.55 percent. For the current quarter, analysts expect LUNR to generate $55.9M in revenue.
