In yesterday’s Wall Street session, Intuitive Machines Inc (NASDAQ:LUNR) shares traded at $5.40, down -5.59% from the previous session.
LUNR stock price is now 20.61% away from the 50-day moving average and 19.54% away from the 200-day moving average. The market capitalization of the company currently stands at $339.77M.
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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, Ghaffarian Kamal Seyed, Director sold 570,705 shares of the company’s stock on Sep 12 ’24. The stock was sold for $3,469,487 at an average price of $6.08. Upon completion of the transaction, the Director now directly owns 3,551,606 shares in the company, valued at $19.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 13 ’24, Director Ghaffarian Kamal Seyed sold 35,751 shares of the business’s stock. A total of $214,585 was realized by selling the stock at an average price of $6.00. This leaves the insider owning 3,494,768 shares of the company worth $18.87 million. A total of 14.21% 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 $4.5117 and a two-hundred day moving average price translates $4.529975 for the stock.
The latest earnings results from Intuitive Machines Inc (NASDAQ: LUNR) was released for 2024-06-30. The company reported revenue of $41.41 million for the quarter, compared to $17.99 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 130.13 percent.
