Is Intuitive Machines Inc (NASDAQ: LUNR) Stock Poised for More Growth?


In the last trading session, 2.27 million Intuitive Machines Inc (NASDAQ:LUNR) shares changed hands as the company’s beta touched 0.34. With the company’s per share price at $5.57 changed hands at $0.41 or 7.95% during last session, the market valuation stood at $299.22M. LUNR’s last price was a discount, traded about -137.88% off its 52-week high of $13.25. The share price had its 52-week low at $2.09, which suggests the last value was 62.48% up since then. When we look at Intuitive Machines Inc’s average trading volume, we note the 3-month average coming to 10.24 million.

Intuitive Machines Inc (NASDAQ:LUNR) trade information

Instantly LUNR was in green as seen at the end of in last trading. With action 2.39%, the performance over the past five days has been green. The jump to weekly highs of 5.73 added 7.95% to the stock’s daily price. The company’s shares are showing year-to-date upside of 118.00%, with the 5-day performance at 2.39% in the green. However, in the 30-day time frame, Intuitive Machines Inc (NASDAQ:LUNR) is -2.28% down.

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Intuitive Machines Inc (LUNR) estimates and forecasts

Data shows that the Intuitive Machines Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 86.29% over the past 6 months, a 35.14% in annual growth rate that is considerably higher than the industry average of 16.60%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Intuitive Machines Inc will rise 142.20%, while the growth in revenue is estimated to hit -102.60% for the next quarter. Year-over-year growth is forecast to reach 236.90% up from the last financial year.

Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $55.9 million. 4 analysts are of the opinion that Intuitive Machines Inc’s revenue for the quarter ending Jun 2024 will be $62.22 million. The company’s revenue for the corresponding quarters a year ago was $18.24 million and $17.99 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 206.50%. The estimates for the next quarter sales put growth at 245.80%.

The 2024 estimates are for Intuitive Machines Inc earnings to decrease by -98.59%.

LUNR Dividends

Intuitive Machines Inc is expected to release its next quarterly earnings report in June.