In yesterday’s Wall Street session, Intuitive Machines Inc (NASDAQ:LUNR) shares traded at $18.51, down -2.89% from the previous session.
LUNR stock price is now 27.91% away from the 50-day moving average and 140.77% away from the 200-day moving average. The market capitalization of the company currently stands at $2.77B.
With the price target of $8, B. Riley Securities recently initiated with Buy rating for Intuitive Machines Inc (NASDAQ: LUNR). On May 19, 2023, Cantor Fitzgerald recently initiated its ‘Overweight’ rating on the stock quoting a target price of $11, while ‘ROTH MKM’ rates the stock as ‘Buy’
In other news, Crain Timothy Price II, SVP and Chief Growth Officer sold 236,327 shares of the company’s stock on Jan 06 ’25. The stock was sold for $5,206,402 at an average price of $22.03. Upon completion of the transaction, the SVP and Chief Growth Officer now directly owns 362,810 shares in the company, valued at $6.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 03 ’25, SVP and Chief Growth Officer Crain Timothy Price II sold 63,673 shares of the business’s stock. A total of $1,401,844 was realized by selling the stock at an average price of $22.02. This leaves the insider owning 362,810 shares of the company worth $6.72 million. A total of 8.68% of the company’s stock is owned by insiders.
During the past 12 months, Intuitive Machines Inc has had a low of $2.48 and a high of $22.32. The fifty day moving average price for LUNR is $14.4716 and a two-hundred day moving average price translates $7.687925 for the stock.
The latest earnings results from Intuitive Machines Inc (NASDAQ: LUNR) was released for 2024-06-30. The company reported revenue of $58.48 million for the quarter, compared to $12.73 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 359.34 percent.
