They both have velocity of 0.75 from the perspective of the observer on the moon. The 0.96 result is for their relative velocity. My calculation here is an equivalent of Lorentz's transformation (which you probably had in high school?) for the two dimensional example (ie. one spacial dimension and time), it's just much simpler to use tanh than powers and square roots.
Probably all your curiosity will be satisfied if you study the first two chapters of
A First Introduction to General Relativity by Bernard Schutz, very intuitive and clear mathematically. I studied the proper and lengthy explanation of Lorentz groups in chapter 3 of
Relativistic Quantum Mechanics by Walter Greiner.
You look at time as something that's fixed, whereas it's different for both ships and the observer on the moon. I'll paint a picture in paint if you want to.