Uncovering Institutional Buying In Intuitive Machines Inc (NASDAQ: LUNR)

Currently, there are 62.92M common shares owned by the public and among those 54.95M shares have been available to trade.

The company’s stock has a 5-day price change of -7.79% and 116.88% over the past three months. LUNR shares are trading 196.67% year to date (YTD), with the 12-month market performance up to 136.14% higher. It has a 12-month low price of $2.09 and touched a high of $13.25 over the same period. LUNR has an average intraday trading volume of 15.80 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.46%, 6.70%, and 39.71% respectively.

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Institutional ownership of Intuitive Machines Inc (NASDAQ: LUNR) shares accounts for 30.56% of the company’s 62.92M shares outstanding.

It has a market capitalization of $1.01B and a beta (3y monthly) value of 0.35. The earnings-per-share (ttm) stands at -$0.92. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.85% over the week and 7.88% over the month.

Earnings per share for the fiscal year are expected to decrease by -167.07%, and 91.52% over the next financial year.

Looking at the support for the LUNR, a number of firms have released research notes about the stock. B. Riley Securities stated their Buy rating for the stock in a research note on June 28, 2024, with the firm’s price target at $8. Cantor Fitzgerald coverage for the Intuitive Machines Inc (LUNR) stock in a research note released on May 19, 2023 offered a Overweight rating with a price target of $11. ROTH MKM was of a view on March 10, 2023 that the stock is Buy, while Canaccord Genuity gave the stock Buy rating on February 27, 2023, issuing a price target of $35.

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