Intuitive Machines Inc (NASDAQ: LUNR) Must Drop -36.0% To Achieve Consensus Price Target

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Intuitive Machines Inc (NASDAQ:LUNR) has a beta value of 0.74 and has seen 7.93 million shares traded in the recent trading session. The company, currently valued at $2.28B, closed the recent trade at $14.96 per share which meant it lost -$0.16 on the day or -1.06% during that session. The LUNR stock price is -3.94% off its 52-week high price of $15.55 and 86.03% above the 52-week low of $2.09. If we look at the company’s 10-day average daily trading volume, we find that it stood at 30.39 million shares traded. The 3-month trading volume is 18.93 million shares.

The consensus among analysts is that Intuitive Machines Inc (LUNR) is Buy stock at the moment, with a recommendation rating of 1.17. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.06.

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Intuitive Machines Inc (NASDAQ:LUNR) trade information

Sporting -1.06% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the LUNR stock price touched $14.96 or saw a rise of 4.83%. Year-to-date, Intuitive Machines Inc shares have moved 485.52%, while the 5-day performance has seen it change 28.08%. Over the past 30 days, the shares of Intuitive Machines Inc (NASDAQ:LUNR) have changed 87.23%. Short interest in the company has seen 17.39 million shares shorted with days to cover at 1.72.

Wall Street analysts have a consensus price target for the stock at $11, which means that the shares’ value could drop -36.0% from the levels at last check today. The projected low price target is $10.0 while the price target rests at a high of $12.5. In that case, then, we find that the latest price level in today’s session is 16.44% off the targeted high while a plunge would see the stock lose 33.16% from the levels at last check today.

Intuitive Machines Inc (LUNR) estimates and forecasts

Figures show that Intuitive Machines Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 192.19% over the past 6 months, with this year growth rate of -209.46%, compared to 12.50% for the industry. Revenue growth from the last financial year stood is estimated to be 186.37%.

5 analysts offering their estimates for the company have set an average revenue estimate of 54.75M for the current quarter. 4 have an estimated revenue figure of 78.94M for the next ending quarter. Year-ago sales stood 30.56M and 73.07M respectively for this quarter and the next, and analysts expect sales will grow by 79.15% for the current quarter and 186.37% for the next.

LUNR Dividends

Intuitive Machines Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 10.79% of the company shares, while shares held by institutions stand at 34.91% with a share float percentage of 39.14%. Investors are also buoyed by the number of investors in a company, with Intuitive Machines Inc having a total of 155.0 institutions that hold shares in the company.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Jun 30, 2024, the former fund manager holds about 2.42% shares in the company for having 1.95 shares of worth $29.19 million while later fund manager owns 740.83 shares of worth $11.08 million as of Sep 30, 2024, which makes it owner of about 0.92% of company’s outstanding stock.