Market Analysts see Intuitive Machines Inc [LUNR] gaining to $8. Time to buy?

Intuitive Machines Inc [NASDAQ: LUNR] traded at a high on Friday, posting a 7.54 gain after which it closed the day’ session at $6.13.

The results of the trading session contributed to over 10495618 shares changing hands. Over the past one week, the price volatility of Intuitive Machines Inc stands at 10.66% while the volatility over the past one month is 12.62%.

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The market cap for LUNR stock reached $385.70 million, with 62.92 million shares outstanding and 53.97 million shares in the current float. Compared to the average trading volume of 7.04M shares, LUNR reached a trading volume of 10495618 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $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 2.44.

How has LUNR stock performed recently?

Intuitive Machines Inc [LUNR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 21.63. With this latest performance, LUNR shares gained by 70.75% in over the last four-week period, additionally plugging by 20.91% over the last 6 months – not to mention a rise of 44.92% 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 69.69, with the RSI for the last a single of trading hit 73.68, and the three-weeks RSI is set at 66.42 for Intuitive Machines Inc [LUNR]. The present Moving Average for the last 50 days of trading for this stock 4.43, while it was recorded at 5.76 for the last single week of trading, and 4.50 for the last 200 days.

Intuitive Machines Inc [LUNR]: Deeper insight into the 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.

Earnings analysis for Intuitive Machines Inc [LUNR]

With the latest financial reports released by the company, Intuitive Machines Inc posted 1.29/share EPS, while the average EPS was predicted by analysts to be reported at -0.24/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.53. 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.