The price of Intuitive Machines Inc (NASDAQ:LUNR) shares last traded on Wall Street fell -12.24% to $8.03.
LUNR stock price is now 67.57% away from the 50-day moving average and 74.04% away from the 200-day moving average. The market capitalization of the company currently stands at $505.25M.
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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 Enterprises LLC, Affiliate bought 1,763,874 shares of the company’s stock on Sep 23 ’24. The stock was bought for $15,857,227 at an average price of $8.99. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 19 ’24, Director BLITZER MICHAEL sold 662,673 shares of the business’s stock. A total of $5,428,349 was realized by selling the stock at an average price of $8.19. This leaves the insider owning 1,062,865 shares of the company worth $8.53 million. A total of 14.12% 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 $4.8687 and a two-hundred day moving average price translates $4.638375 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.
