Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 797,400 shares, an increase of 6.4% from the October 15th total of 749,200 shares. Approximately 4.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 365,700 shares, the short-interest ratio is presently 2.2 days.
Analyst Upgrades and Downgrades
LUNR has been the topic of a number of research reports. Canaccord Genuity Group reissued a “buy” rating and issued a $14.00 price objective on shares of Intuitive Machines in a research note on Monday, October 2nd. Roth Mkm reissued a “buy” rating and issued a $12.00 price objective on shares of Intuitive Machines in a research note on Wednesday, September 6th. Finally, Benchmark lowered their price objective on shares of Intuitive Machines from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Intuitive Machines has an average rating of “Buy” and a consensus price target of $11.75.
Institutional Investors Weigh In On Intuitive Machines
Intuitive Machines Stock Performance
Shares of NASDAQ:LUNR opened at $2.97 on Friday. Intuitive Machines has a 52-week low of $2.55 and a 52-week high of $136.00. The stock’s fifty day simple moving average is $3.52 and its 200-day simple moving average is $6.14.
Intuitive Machines (NASDAQ:LUNR – Get Free Report) last issued its quarterly earnings data on Monday, August 14th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.59. The company had revenue of $17.99 million during the quarter, compared to analysts’ expectations of $49.00 million. On average, equities research analysts anticipate that Intuitive Machines will post -1.35 EPS for the current fiscal year.
Intuitive Machines Company Profile
Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers µNova, a lunar rocket-fueled drone, lunar surface rover services, fixed lunar surface services, rideshare delivery services, lunar access services, lunar orbit delivery services, and lunar data network services, as well as content sales and marketing.
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