On July 3, 2024, Crain Timothy Price II, Senior Vice President and Chief Growth Officer, as well as a 10% owner, executed a sale of 56,011 shares of Intuitive Machines Inc (LUNR, Financial). Following this transaction, the insider now directly owns 362,810 shares in the company, as detailed in the SEC Filing.
Intuitive Machines Inc, headquartered in Houston, Texas, operates in the aerospace sector, focusing on providing autonomous systems for space, air, and sea. The company's expertise lies in developing technologies that enable autonomous landing and navigation on the moon, among other celestial bodies.
The shares were sold at a price of $3.43 each, valuing the transaction at approximately $192,117.73. This sale contributes to a pattern observed over the past year, where there have been no insider purchases but four insider sales, including the recent one by Crain Timothy Price II. Over the past year, Crain Timothy Price II has sold a total of 56,011 shares and has not made any purchases.
The current market cap of Intuitive Machines Inc stands at $213.611 million. The stock's price-earnings ratio is 7.23, which is below the industry median of 33.805, indicating a potentially undervalued stock in comparison to its peers. Other valuation metrics such as price-sales ratio, price-book ratio, and price-to-free cash flow also provide insights into the stock's current standing in the market.
For further details on the valuation, the GF Value can provide a deeper insight into whether the stock is currently undervalued or overvalued based on historical trading prices and other company financials.
This insider sale might be of interest to current and potential investors, as insider transactions can provide valuable clues about a company's future prospects and underlying value.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
