During the last session, Intuitive Machines Inc (NASDAQ:LUNR)’s traded shares were 88.9 million, with the beta value of the company hitting 0.18. At the end of the trading day, the stock’s price was $9.28, reflecting an intraday gain of 24.23% or $1.81. The 52-week high for the LUNR share is $13.25, that puts it down -42.78 from that peak though still a striking 77.48% gain since the share price plummeted to a 52-week low of $2.09. The company’s market capitalization is $583.90M, and the average intraday trading volume over the past 10 days was 32.63 million shares, and the average trade volume was 9.86 million shares over the past three months.
Intuitive Machines Inc (LUNR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. LUNR has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.12.
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Intuitive Machines Inc (NASDAQ:LUNR) trade information
Intuitive Machines Inc (LUNR) registered a 24.23% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 24.23% in intraday trading to $9.28, hitting a weekly high. The stock’s 5-day price performance is 62.81%, and it has moved by 63.67% in 30 days. Based on these gigs, the overall price performance for the year is 126.89%. The short interest in Intuitive Machines Inc (NASDAQ:LUNR) is 13.42 million shares and it means that shorts have 1.21 day(s) to cover.
The consensus price target of analysts on Wall Street is $10.5, which implies an increase of 11.62% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10 and $12 respectively. As a result, LUNR is trading at a discount of -29.31% off the target high and -7.76% off the low.
Intuitive Machines Inc (LUNR) estimates and forecasts
Statistics show that Intuitive Machines Inc has underperformed its competitors in share price, compared to the industry in which it operates. Intuitive Machines Inc (LUNR) shares have gone up 65.57% during the last six months, with a year-to-date growth rate less than the industry average at -127.03% against 11.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -109.30% this quarter and then drop -125.00% in the quarter after that. In the rating firms’ projections, revenue will increase 180.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 50.89M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 57.57M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 12.73M and 30.56M respectively. In this case, analysts expect current quarter sales to grow by 299.70% and then jump by 88.40% in the coming quarter.
While earnings are projected to return -167.07% in 2024.
LUNR Dividends
Intuitive Machines Inc is due to release its next quarterly earnings in October. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Intuitive Machines Inc (NASDAQ:LUNR)’s Major holders
Intuitive Machines Inc insiders own 12.30% of total outstanding shares while institutional holders control 31.02%, with the float percentage being 35.37%.
