Intuitive Machines Inc (NASDAQ: LUNR): A Great Stock To Watch

Intuitive Machines Inc (NASDAQ:LUNR) shares, rose in value, with the stock price down by -5.83% to the previous day’s close as strong demand from buyers drove the stock to $5.98.

Actively observing the price movement in the last trading, the stock closed the session at $6.35. The value of beta (5-year monthly) was 0.22 whereas the PE ratio was 2.56 over 12-month period. Referring to stock’s 52-week performance, its high was $13.25, and the low was $2.09. On the whole, LUNR has fluctuated by 12.20% over the past month.

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As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.27, which is expected to increase to $0.04 for fiscal year $0.03 and then to about $0.45 by fiscal year 2025. Data indicates that the EPS growth is expected to be -99.00% in 2025, while the next year’s EPS growth is forecast to be 1,400.00%.

Analysts have estimated the company’s revenue for the quarter at $53.4 million, with a low estimate of $35 million and a high estimate of $68.9 million. According to the average forecast, sales growth in current quarter could jump up 192.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $277.23 million, representing an increase of 248.60% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that LUNR’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 50% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LUNR currently trading nearly 2.35% and 10.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.15, while the 7-day volatility ratio is showing 8.06% which for the 30-day chart, stands at 11.46%. Furthermore, Intuitive Machines Inc (LUNR)’s beta value is 0.23, and its average true range (ATR) is 0.83.

A comparison of Intuitive Machines Inc (LUNR) with its peers suggests the former has fared considerably weaker in the market. LUNR showed an intraday change of -5.83% in last session, and over the past year, it shrunk by -44.63%%.

Data on historical trading for Intuitive Machines Inc (NASDAQ:LUNR) indicates that the trading volumes over the past 10 days have averaged 7.1 million and over the past 3 months, they’ve averaged 9.79 million. According to company’s latest data on outstanding shares, there are 51.08 million shares outstanding.

Nearly 34.19% of Intuitive Machines Inc’s shares belong to company insiders and institutional investors own 9.99% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.02 million shares as on Mar 15, 2024, resulting in a short ratio of 0.14. According to the data, the short interest in Intuitive Machines Inc (LUNR) stood at 5.91% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 3.23 million. The stock has risen by 134.05% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LUNR stock heading into the next quarter.