Intuitive Machines Inc (NASDAQ:LUNR) shares traded 3.32% higher at $8.08 on Wall Street last session.
LUNR stock price is now 34.29% away from the 50-day moving average and 60.64% away from the 200-day moving average. The market capitalization of the company currently stands at $508.39M.
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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 125,991 shares of the company’s stock on Oct 07 ’24. The stock was sold for $935,723 at an average price of $7.43. Upon completion of the transaction, the Director now directly owns 3,494,768 shares in the company, valued at $28.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 08 ’24, Director Ghaffarian Kamal Seyed sold 33,080 shares of the business’s stock. A total of $264,666 was realized by selling the stock at an average price of $8.00. This leaves the insider owning 3,494,768 shares of the company worth $28.24 million. A total of 12.67% 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 $6.0167 and a two-hundred day moving average price translates $5.02995 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.
