Intuitive Machines Inc [LUNR] stock Initiated by B. Riley Securities analyst, price target now $8

CTVA

Intuitive Machines Inc [NASDAQ: LUNR] price surged by 3.11 percent to reach at $0.15.

The one-year LUNR stock forecast points to a potential upside of 49.29. The average equity rating for LUNR stock is currently 1.00, trading closer to a bullish pattern in the stock market.

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Guru’s Opinion on 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 $9.80 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.

B. Riley Securities have made an estimate for Intuitive Machines Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 28, 2024. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Overweight. The new note on the price target was released on May 19, 2023, representing the official price target for Intuitive Machines Inc stock. Previously, the target price had yet another raise to $20, while ROTH MKM analysts kept a Buy rating on LUNR stock.

The Average True Range (ATR) for Intuitive Machines Inc is set at 0.54, with the Price to Sales ratio for LUNR stock in the period of the last 12 months amounting to 1.98.

LUNR Stock Performance Analysis:

Intuitive Machines Inc [LUNR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.15. With this latest performance, LUNR shares gained by 31.48% in over the last four-week period, additionally sinking by -15.04% over the last 6 months – not to mention a drop of -4.24% 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 58.97, with the RSI for the last a single of trading hit 59.24, and the three-weeks RSI is set at 57.57 for Intuitive Machines Inc [LUNR]. The present Moving Average for the last 50 days of trading for this stock 4.09, while it was recorded at 4.92 for the last single week of trading, and 4.39 for the last 200 days.

Insight into Intuitive Machines Inc Fundamentals:

Intuitive Machines Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.91 and a Current Ratio set at 0.91.

Intuitive Machines Inc [LUNR] Institutonal Ownership Details

There are presently around $31.25%, or 35.67%% of LUNR stock, in the hands of institutional investors.