The stock of Intuitive Machines Inc (NASDAQ:LUNR) last traded at $3.30, down -6.78% from the previous session.
LUNR stock price is now -32.42% away from the 50-day moving average and -22.32% away from the 200-day moving average. The market capitalization of the company currently stands at $177.28M.
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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, Vontur Steven, Interim CFO & Corp. Controller sold 9,202 shares of the company’s stock on Jun 14 ’24. The stock was sold for $35,474 at an average price of $3.85. Upon completion of the transaction, the Interim CFO & Corp. Controller now directly owns 129,601 shares in the company, valued at $0.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 10 ’24, Director Ghaffarian Kamal Seyed sold 4,800,000 shares of the business’s stock. A total of $19,200,000 was realized by selling the stock at an average price of $4.00. This leaves the insider owning 3,551,606 shares of the company worth $11.72 million. A total of 16.43% 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 $4.8488 and a two-hundred day moving average price translates $4.24255 for the stock.
The latest earnings results from Intuitive Machines Inc (NASDAQ: LUNR) was released for 2024-03-31. The company reported revenue of $73.07 million for the quarter, compared to $18.24 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 300.68 percent.
