The stock of Intuitive Machines Inc (NASDAQ:LUNR) last traded at $11.68, down -5.96% from the previous session.
LUNR stock price is now 43.41% away from the 50-day moving average and 101.93% away from the 200-day moving average. The market capitalization of the company currently stands at $1.82B.
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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 2,015,856 shares of the company’s stock on Nov 18 ’24. The stock was bought for $24,734,553 at an average price of $12.27. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 13 ’24, Chief Executive Officer Altemus Stephen J sold 138,568 shares of the business’s stock. A total of $1,538,728 was realized by selling the stock at an average price of $11.10. This leaves the insider owning 910,919 shares of the company worth $10.64 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 $14.90. The fifty day moving average price for LUNR is $8.0212 and a two-hundred day moving average price translates $5.744525 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.
