Intuitive Machines Inc: Why Investors Shouldn’t Get Rid Of LUNR Stock In 2024

In the last trading session, 10.0 million shares of the Intuitive Machines Inc (NASDAQ:LUNR) were traded, and its beta was 0.37. Most recently the company’s share price was $7.62, and it changed around $0.47 or 6.57% from the last close, which brings the market valuation of the company to $479.45M. LUNR currently trades at a discount to its 52-week high of $13.25, offering almost -73.88% off that amount. The share price’s 52-week low was $2.09, which indicates that the current value has risen by an impressive 72.57% since then. We note from Intuitive Machines Inc’s average daily trading volume that its 10-day average is 15.29 million shares, with the 3-month average coming to 13.64 million.

Intuitive Machines Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended LUNR as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Intuitive Machines Inc is expected to report earnings per share of -0.12 for the current quarter.

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Intuitive Machines Inc (NASDAQ:LUNR) trade information

Instantly LUNR has showed a green trend with a performance of 6.57% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 8.75 on recent trading dayincreased the stock’s daily price by 12.91%. The company’s shares are currently up 198.24% year-to-date, but still down -13.21% over the last five days. On the other hand, Intuitive Machines Inc (NASDAQ:LUNR) is 49.41% up in the 30-day period. We can see from the shorts that 12.79 million shares have been sold at a short interest cover period of 0.88 day(s).

The consensus price target as assigned by Wall Street analysts is $10.5, which translates to bulls needing to increase their stock price by 27.43% from its current value. Analyst projections state that LUNR is forecast to be at a low of $10 and a high of $12.

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 38.04 percent over the past six months and at a -127.03% annual growth rate that is well below the industry average of 11.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -109.30% in revenue this quarter, and will report a decrease of -125.00% in the next quarter. The year-over-year growth rate is expected to be 180.30%, up from the previous year.

Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 50.89M in revenue for the current quarter. 5 analysts expect Intuitive Machines Inc to make 57.57M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 12.73M and 30.56M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 299.70%. Forecasts for the next quarter put sales growth at 88.40%.

LUNR Dividends

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

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

Upon looking at major shareholders, it appears that insiders hold 10.88% of Intuitive Machines Inc shares, and 31.04% of them are in the hands of institutional investors. The stock currently has a share float of 34.83%.