Intuitive Machines Inc (NASDAQ: LUNR) Stock Forecast: Bullish Signals Pointing To $10 In 2024

In the last trading session, 2.33 million shares of the Intuitive Machines Inc (NASDAQ:LUNR) were traded, and its beta was 0.38. Most recently the company’s share price was $6.07, and it changed around $0.3 or 5.20% from the last close, which brings the market valuation of the company to $326.08M. LUNR currently trades at a discount to its 52-week high of $13.25, offering almost -118.29% off that amount. The share price’s 52-week low was $2.09, which indicates that the current value has risen by an impressive 65.57% since then. We note from Intuitive Machines Inc’s average daily trading volume that its 3-month average coming to 10.03 million.

Intuitive Machines Inc (NASDAQ:LUNR) trade information

Instantly LUNR has showed a green trend with a performance of 5.20% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 137.57% year-to-date, but still up 8.98% over the last five days. On the other hand, Intuitive Machines Inc (NASDAQ:LUNR) is 19.49% up in the 30-day period.

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The consensus price target as assigned by Wall Street analysts is $10, which translates to bulls needing to increase their stock price by 39.3% from its current value. Analyst projections state that LUNR is forecast to be at a low of $10 and a high of $10.

Intuitive Machines Inc (LUNR) estimates and forecasts

Intuitive Machines Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 101.66 percent over the past six months and at a 35.14% annual growth rate that is well above the industry average of 16.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 142.20% in revenue this quarter, and will report a decrease of -102.60% in the next quarter. The year-over-year growth rate is expected to be 236.90%, up from the previous year.

Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $55.9 million in revenue for the current quarter. 4 analysts expect Intuitive Machines Inc to make $62.22 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $18.24 million and $17.99 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 206.50%. Forecasts for the next quarter put sales growth at 245.80%.