LUNR Stock Forecast: All the More Reason to Consider Intuitive Machines Inc (LUNR) Now

Intuitive Machines Inc (NASDAQ: LUNR) is 107.44% higher on its value in year-to-date trading and has touched a low of $2.09 and a high of $136.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LUNR stock was last observed hovering at around $4.99 in the last trading session, with the day’s gains setting it 0.31%.

Currently trading at $5.30, the stock is 66.98% and 83.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.66 million and changing 6.21% at the moment leaves the stock 1.45% off its SMA200. LUNR registered -47.77% loss for a year compared to 6-month loss of -37.57%. The firm has a 50-day simple moving average (SMA 50) of $1.40 and a 200-day simple moving average (SMA200) of $4.78.

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The stock witnessed a 121.76% gain in the last 1 month and extending the period to 3 months gives it a 76.08%, and is 44.81% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 24.36% over the week and 14.91% over the month.

Distance from 52-week low is 153.66% and -96.10% from its 52-week high.

Intuitive Machines Inc quarterly earnings per share for the current quarter are estimated at -$0.33 with sales reaching $18.8M over the same period.The EPS is expected to grow by 2700.00% this year, but quarterly earnings will post -19.30% year-over-year. Quarterly sales are estimated to shrink -50.50% in year-over-year returns.

Intuitive Machines Inc (LUNR) Top Institutional Holders

32 institutions hold shares in Intuitive Machines Inc (LUNR), with institutional investors hold 54.20% of the company’s shares. The shares outstanding are 18.07M, and float is at 15.36M with Short Float at 11.29%. Institutions hold 34.01% of the Float.

The top institutional shareholder in the company is CPMG INC with over 1.24 million shares valued at $10.16 million. The investor’s holdings represent 5.91% of the LUNR Shares outstanding. As of Jun 29, 2023, the second largest holder is Quarry LP with 0.31 million shares valued at $2.54 million to account for 1.48% of the shares outstanding. The other top investors are Hudson Bay Capital Management Lp which holds 0.25 million shares representing 1.19% and valued at over $2.05 million, while HGC Investment Management Inc. holds 1.07% of the shares totaling 0.23 million with a market value of $1.84 million.