Intuitive Machines Inc (NASDAQ: LUNR) Stock Forecast 2024: $11 Per Share With Bullish Signs

In the last trading session, 4.0 million shares of the Intuitive Machines Inc (NASDAQ:LUNR) were traded, and its beta was 0.25. Most recently the company’s share price was $4.19, and it changed around $0.0 or 0.00% from the last close, which brings the market valuation of the company to $225.09M. LUNR currently trades at a discount to its 52-week high of $13.25, offering almost -216.23% off that amount. The share price’s 52-week low was $2.09, which indicates that the current value has risen by an impressive 50.12% since then. We note from Intuitive Machines Inc’s average daily trading volume that its 3-month average coming to 2.47 million.

Intuitive Machines Inc (NASDAQ:LUNR) trade information

The performance over the last five days has remained in the green territory. The company’s shares are currently up 63.99% year-to-date, but still up 16.71% over the last five days. On the other hand, Intuitive Machines Inc (NASDAQ:LUNR) is 0.96% up in the 30-day period.

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The consensus price target as assigned by Wall Street analysts is $9.75, which translates to bulls needing to increase their stock price by 57.03% from its current value. Analyst projections state that LUNR is forecast to be at a low of $8 and a high of $11.

Intuitive Machines Inc (LUNR) estimates and forecasts

Intuitive Machines Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 48.06 percent over the past six months and at a -195.95% annual growth rate that is well below the industry average of 15.30%. The year-over-year growth rate is expected to be 187.20%, up from the previous year.

Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 46.6M in revenue for the current quarter. 4 analysts expect Intuitive Machines Inc to make 47.47M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 17.99M and 12.73M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 159.00%. Forecasts for the next quarter put sales growth at 272.90%.

LUNR Dividends

Intuitive Machines Inc’s next quarterly earnings report is expected to be released in August.

Intuitive Machines Inc (NASDAQ:LUNR)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 14.50% of Intuitive Machines Inc shares, and 22.36% of them are in the hands of institutional investors. The stock currently has a share float of 26.15% . Intuitive Machines Inc stock is held by 77 institutions, with CPMG INC being the largest institutional investor. By Mar 31, 2024 , it held 2.31% of the shares, which is about 1.24 shares worth $5.2 million.

Trustees of the University of Pennsylvania , with 1.26% or 675.0 shares worth $2.83 million as of Mar 31, 2024 , holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Mar 31, 2024 . The former held 344.73 shares worth $1.44 million, making up 0.64% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 235.12 shares worth around $0.99 million, which represents about 0.44% of the total shares outstanding.