What’s The Deal With Intuitive Machines Inc (NASDAQ: LUNR)?

Intuitive Machines Inc (NASDAQ:LUNR) traded at $15.12 at close of the session on current trade day and made an upward move of 8.04% on its previous day’s price.

Looking at the stock we see that its previous close was $13.99 and the beta (5Y monthly) reads 0.352 with the day’s price range being $13.66 – $15.55. In terms of its 52-week price range, LUNR has a high of $14.90 and a low of $2.09. The company’s stock has gained about 90.91% over that past 30 days.

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Intuitive Machines Inc has a market cap of $2.30 billion and is expected to release its quarterly earnings report in December. Estimates by analysts give the company expected earnings per share (EPS) of -0.06, with the EPS growth for the year raised at -0.33 for current year and -0.33 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 54.75M, with a low of 50M and a high of 58.75M. The median projection represents growth squeezing down to 79.15% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 227.72M, or 186.37% up from figures reported last year.

On the other hand, looking at the outlook for the LUNR stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.

Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Intuitive Machines Inc (LUNR) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 47.96% off its SMA20 and 72.72% from its 50-day simple moving average. The RSI (14) is pointing at 72.92 while the volatility over the past week is 15.63% and jumps to 13.41% over the past one month. The beta value is 0.65, while the average true range (ATR) is currently pointing at 1.45. The average price target for the stock over the next 12 months is $11, with the estimates having a low of $10 and a high of $12.5. These price ends are 33.86% and 17.33% off the current price level respectively, although investors could be excited at the prospect of a 27.25% if the LUNR share price touches on the median price of $11.

Coming back to Intuitive Machines Inc (NASDAQ:LUNR), we note that the average 3-month trading volume was 18.65 million, while that of the preceding 10-day period stands at 30.39 million. Current shares outstanding are 62.92 million.

The insiders hold 12.66% of the company’s shares while institutions hold 39.90%. The data shows that short shares as of 2024-10-31, stood at 17.39 million at a short ratio of 1.72. This represents a 3255.00 short interest in shares outstanding on 2024-10-31. Shares short rose in October from the previous month at 15.24 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 491.78% up in year-to-date price movement.

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