It is Poised to be a Bull Market for Intuitive Machines Inc (LUNR)

With 13.8 million shares changed hands, the volume of the stock remained lighter than its average volume of 14.64 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $8.7601 whereas the lowest price it dropped to was $7.925. The 52-week range on LUNR shows that it touched its highest point at $13.25 and its lowest point at $2.09 during that stretch. It currently has a 1-year price target of $10.60. Beta for the stock currently stands at 0.34.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LUNR was up-trending over the past week, with a rise of 6.19%, but this was up by 6.85% over a month. Three-month performance surged to 104.77% while six-month performance rose 56.00%. The stock gained 177.67% in the past year, while it has gained 235.81% so far this year. A look at the trailing 12-month EPS for LUNR yields -0.92 with Next year EPS estimates of -0.14. For the next quarter, that number is -0.12. This implies an EPS growth rate of -167.07% for this year and 91.52% for next year.

Float and Shares Shorts:

At present, 62.92 million LUNR shares are outstanding with a float of 54.95 million shares on hand for trading. On 2024-09-30, short shares totaled 15.24 million, which was 2422.9999 higher than short shares on 1724976000. In addition to Dr. Kamal Ghaffarian as the firm’s Co-Founder & Chairman, Mr. Stephen Altemus serves as its Co-Founder, President, CEO & Director.

Institutional Ownership:

Through their ownership of 0.30989 of LUNR’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, LUNR reported revenue of $41408000.0 and operating income of -$28174000.0. Over the past year, revenue came in at $78.42M while operating income stood at -$29.46M. It generated $18280000.0 net income for the quarter, which came to -$29.34M over the last twelve months. The EBITDA in the recently reported quarter was -$70869000.0 and diluted EPS was $0.29. EBITDA for the full year was -$26.57M.