Intuitive Machines Inc (NASDAQ:LUNR) price on Friday, October 25, rose 0.88% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $7.99.
A look at the stock’s price movement, the close in the last trading session was $7.92, moving within a range at $7.85 and $8.2299. The beta value (5-Year monthly) was 0.34. Turning to its 52-week performance, $13.25 and $2.09 were the 52-week high and 52-week low respectively. Overall, LUNR moved 0.13% over the past month.
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Intuitive Machines Inc’s market cap currently stands at around $502.73 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Aug-13.
Analysts have a consensus estimate of 50.89M for the company’s revenue for the quarter, with a low and high estimate of 48.2M and 55.3M respectively. The average forecast suggests up to a 299.70% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 222.91M, representing a 180.30% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LUNR is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend LUNR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
LUNR’s current price about 2.51% and 18.50% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.00, while 7-day volatility ratio is 8.70% and 8.34% in the 30-day chart. Further, Intuitive Machines Inc (LUNR) has a beta value of 0.34, and an average true range (ATR) of 0.68. Analysts have given the company’s stock an average 52-week price target of $10.5, forecast between a low of $10 and high of $12. Looking at the price targets, the low is -25.16% off current price level while to achieve the yearly target high, price needs to move -50.19%. Nonetheless, investors will most likely welcome a -31.41% jump to $10.5 which is the analysts’ median price.
If we refocus on Intuitive Machines Inc (NASDAQ:LUNR), historical trading data shows that trading volumes averaged 10.5 over the past 10 days and 15.14 million over the past 3 months. The company’s latest data on shares outstanding shows there are 62.92 million shares.
The 12.67% of Intuitive Machines Inc’s shares are in the hands of company insiders while institutional holders own 30.38% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 15.24 million on 2024-09-30, giving us a short ratio of 0.55. The data shows that as of 2024-09-30 short interest in Intuitive Machines Inc (LUNR) stood at 2854.0 of shares outstanding, with shares short rising to 13.42 million registered in 2024-08-30. Current price change has pushed the stock 212.72% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LUNR stock continues to rise going into the next quarter.
