Intuitive Machines Inc (NASDAQ:LUNR) price on Thursday, March 20, fall -2.07% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.11.
A look at the stock’s price movement, the close in the last trading session was $7.26, moving within a range at $7.0 and $7.35. The beta value (5-Year monthly) was 1.012. Turning to its 52-week performance, $24.95 and $3.15 were the 52-week high and 52-week low respectively. Overall, LUNR moved -63.69% over the past month.
Intuitive Machines Inc’s market cap currently stands at around $1.07 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-13.
Analysts have a consensus estimate of 55.77M for the company’s revenue for the quarter, with a low and high estimate of 50M and 61.66M respectively. The average forecast suggests up to a 82.50% 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 228.79M, representing a 187.72% 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 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell 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 -35.65% and -56.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 30.05, while 7-day volatility ratio is 8.39% and 14.46% in the 30-day chart. Further, Intuitive Machines Inc (LUNR) has a beta value of 1.30, and an average true range (ATR) of 1.57. Analysts have given the company’s stock an average 52-week price target of $16.25, forecast between a low of $12.5 and high of $20. Looking at the price targets, the low is -75.81% off current price level while to achieve the yearly target high, price needs to move -181.29%. Nonetheless, investors will most likely welcome a -128.55% jump to $16.25 which is the analysts’ median price.
If we refocus on Intuitive Machines Inc (NASDAQ:LUNR), historical trading data shows that trading volumes averaged 18.15 over the past 10 days and 15.93 million over the past 3 months. The company’s latest data on shares outstanding shows there are 90.38 million shares.
The 10.84% of Intuitive Machines Inc’s shares are in the hands of company insiders while institutional holders own 43.79% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 18.75 million on 2025-02-28, giving us a short ratio of 1.48. The data shows that as of 2025-02-28 short interest in Intuitive Machines Inc (LUNR) stood at 2255.9999000000003 of shares outstanding, with shares short rising to 16.35 million registered in 2025-01-31. Current price change has pushed the stock -60.85% 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.
