Intuitive Machines Inc (NASDAQ:LUNR) shares, rose in value, with the stock price down by -5.53% to the previous day’s close as strong demand from buyers drove the stock to $7.86.
Actively observing the price movement in the last trading, the stock closed the session at $8.32, falling within a range of $7.85 and $8.52. The value of beta (5-year monthly) was 0.34. Referring to stock’s 52-week performance, its high was $13.25, and the low was $2.09. On the whole, LUNR has fluctuated by 3.83% over the past month.
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With the market capitalization of Intuitive Machines Inc currently standing at about $1.01 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LUNR’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of LUNR currently trading nearly -0.07% and 13.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.10, while the 7-day volatility ratio is showing 7.19% which for the 30-day chart, stands at 7.85%. Furthermore, Intuitive Machines Inc (LUNR)’s beta value is 0.34, and its average true range (ATR) is 0.66.
A comparison of Intuitive Machines Inc (LUNR) with its peers suggests the former has fared considerably weaker in the market. LUNR showed an intraday change of -5.53% in last session, and over the past year, it grew by 165.54%%.
Data on historical trading for Intuitive Machines Inc (NASDAQ:LUNR) indicates that the trading volumes over the past 10 days have averaged 10.19 and over the past 3 months, they’ve averaged 15.50 million. According to company’s latest data on outstanding shares, there are 62.92 million shares outstanding.
Nearly 12.67% of Intuitive Machines Inc’s shares belong to company insiders and institutional investors own 30.52% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.3 million shares as on 2024-10-15, resulting in a short ratio of 0.74. According to the data, the short interest in Intuitive Machines Inc (LUNR) stood at 3426.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 12.79 million. The stock has risen by 207.63% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LUNR stock heading into the next quarter.
