Stocks of Intuitive Machines Inc (NASDAQ:LUNR) traded higher last session on Wall Street, down -10.95% to $14.56.
LUNR stock price is now 53.34% away from the 50-day moving average and 134.27% away from the 200-day moving average. The market capitalization of the company currently stands at $2.31B.
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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 1,637,883 shares of the company’s stock on Nov 18 ’24. The stock was sold for $19,486,222 at an average price of $11.90. Upon completion of the transaction, the Director now directly owns 3,494,768 shares in the company, valued at $50.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18 ’24, Affiliate Ghaffarian Enterprises LLC bought 2,015,856 shares of the business’s stock. A total of $24,734,553 was incurred on buying the stock at an average price of $12.27. A total of 9.85% 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 $17.14. The fifty day moving average price for LUNR is $9.3872 and a two-hundred day moving average price translates $6.175725 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.
