Intuitive Machines Inc (NASDAQ: LUNR) stock fell -0.33% on Monday to $2.98 against a previous-day closing price of $2.99. With 0.33 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.3 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $3.2300 whereas the lowest price it dropped to was $2.9201. The 52-week range on LUNR shows that it touched its highest point at $136.00 and its lowest point at $2.55 during that stretch. It currently has a 1-year price target of $5.62. Beta for the stock currently stands at -0.12.
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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 8.76%, but this was down by -3.56% over a month. Three-month performance dropped to -38.81% while six-month performance fell -59.57%. The stock lost -69.79% in the past year, while it has lost -70.20% so far this year. A look at the trailing 12-month EPS for LUNR yields -0.19 with Next year EPS estimates of -0.68. For the next quarter, that number is -0.23. This implies an EPS growth rate of 1410.00% for this year and -203.05% for next year.
Float and Shares Shorts:
At present, 20.99 million LUNR shares are outstanding with a float of 19.21 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.8 million, which was 3.80% higher than short shares on Sep 28, 2023. 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 24.27% of LUNR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 53.84% of LUNR, in contrast to 2.68% held by mutual funds. Shares owned by individuals account for 15.73%. As the largest shareholder in LUNR with 5.91% of the stake, CPMG, Inc. holds 1,240,968 shares worth 1,240,968. A second-largest stockholder of LUNR, University of Pennsylvania, holds 675,000 shares, controlling over 3.22% of the firm’s shares. Nomura Securities Co., Ltd. is the third largest shareholder in LUNR, holding 375,000 shares or 1.79% stake. With a 0.77% stake in LUNR, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 160,581 shares are owned by the mutual fund manager. The TOPS Market Neutral UCITS FUND, which owns about 0.32% of LUNR stock, is the second-largest Mutual Fund holder. It holds 67,757 shares valued at 0.2 million. CB-Accent Lux SICAV – BlueSpace F holds 0.32% of the stake in LUNR, owning 66,500 shares worth 0.2 million.
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. Over the past year, revenue came in at $78.42M while operating income stood at -$29.46M. EBITDA for the full year was -$26.57M.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LUNR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With LUNR analysts setting a high price target of $10.00 and a low target of $4.00, the average target price over the next 12 months is $5.63. Based on these targets, LUNR could surge 235.57% to reach the target high and rise by 34.23% to reach the target low. Reaching the average price target will result in a growth of 88.93% from current levels.
