Intuitive Machines Inc [NASDAQ: LUNR] loss -3.91% or -0.25 points to close at $6.15 with a heavy trading volume of 4576192 shares. The company report on March 21, 2024 at 7:30 AM that Intuitive Machines Reports Fourth Quarter and Full Year 2023 Financial Results.
Delivered NASA and commercial payloads to the moon further south than any vehicle in history, marking the United States’ first lunar landing in over 50 years, on February 22, 2024.
Supported by the FY 2024 NASA budget passed on March 8, 2024, Intuitive Machines contracts for CLPS and OMES III, as well as key future Artemis campaign contracts NSNS and LTVS were fully funded.
The daily chart for LUNR points out that the company has recorded 56.49% gains over the past six months.
If we look at the average trading volume of 9.41M shares, LUNR reached to a volume of 4576192 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Intuitive Machines Inc [LUNR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LUNR shares is $13.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LUNR stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Cantor Fitzgerald have made an estimate for Intuitive Machines Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 19, 2023. While these analysts kept the previous recommendation, ROTH MKM raised their target price to Buy. The new note on the price target was released on March 10, 2023, representing the official price target for Intuitive Machines Inc stock. Previously, the target price had yet another raise to $35, while Canaccord Genuity analysts kept a Buy rating on LUNR stock.
The Average True Range (ATR) for Intuitive Machines Inc is set at 0.93, with the Price to Sales ratio for LUNR stock in the period of the last 12 months amounting to 1.63.
Trading performance analysis for LUNR stock
Intuitive Machines Inc [LUNR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 15.60. With this latest performance, LUNR shares dropped by -35.87% in over the last four-week period, additionally plugging by 56.49% over the last 6 months – not to mention a drop of -41.98% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LUNR stock in for the last two-week period is set at 54.24, with the RSI for the last a single of trading hit 55.64, and the three-weeks RSI is set at 54.30 for Intuitive Machines Inc [LUNR]. The present Moving Average for the last 50 days of trading for this stock 5.02, while it was recorded at 5.97 for the last single week of trading, and 5.03 for the last 200 days.
Intuitive Machines Inc [LUNR]: A deeper dive into fundamental analysis
Intuitive Machines Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.48 and a Current Ratio set at 0.38.
Intuitive Machines Inc [LUNR]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Intuitive Machines Inc posted 0.07/share EPS, while the average EPS was predicted by analysts to be reported at 0.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 600.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LUNR.
An analysis of Institutional ownership at Intuitive Machines Inc [LUNR]
The top three institutional holders of LUNR stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in LUNR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in LUNR stock with ownership which is approximately 5.8325%.
