Intuitive Machines Inc [NASDAQ: LUNR] closed the trading session at $6.65. 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 stocks have a year to date performance of 160.27 percent and weekly performance of 3.91 percent. The stock has been moved at 86.27 percent over the last six months. The stock has performed 10.28 percent around the most recent 30 days and changed 173.66 percent over the most recent 3-months.
If compared to the average trading volume of 9.68M shares, LUNR reached to a volume of 5644425 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 0.89, with the Price to Sales ratio for LUNR stock in the period of the last 12 months amounting to 4.27.
LUNR stock trade performance evaluation
Intuitive Machines Inc [LUNR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.91. With this latest performance, LUNR shares gained by 10.28% in over the last four-week period, additionally plugging by 86.27% over the last 6 months – not to mention a drop of -37.15% 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 55.87, with the RSI for the last a single of trading hit 57.17, and the three-weeks RSI is set at 55.56 for Intuitive Machines Inc [LUNR]. The present Moving Average for the last 50 days of trading for this stock 5.35, while it was recorded at 6.61 for the last single week of trading, and 4.99 for the last 200 days.
Intuitive Machines Inc [LUNR]: An insightful look at the core fundamentals
Intuitive Machines Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.38 and a Current Ratio set at 0.38.
Earnings per share (EPS) analysis for Intuitive Machines Inc [LUNR] stock
With the latest financial reports released by the company, Intuitive Machines Inc posted -0.64/share EPS, while the average EPS was predicted by analysts to be reported at -0.13/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -392.30%. 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.
Intuitive Machines Inc [LUNR]: Institutional Ownership
The top three institutional holders of LUNR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in LUNR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in LUNR stock with ownership which is approximately 5.8386%.
