Bitcoin Vs. LUNR: Intuitive Machines Stock Might See Larger Price Swings Than BTC In Days Ahead

Space exploration company Intuitive Machines Inc. LUNR has demonstrated high price volatility this year, dwarfing even Bitcoin’s BTC/USD fluctuations.

What happened: The stock has been on a roller-coaster ride in 2024, with headline-driven price action dictating its course.

Shares of Intuitive Machines bumped to a two-year high in January on optimism surrounding its second moon landing attempt.

However, trouble started after the IM-2 lunar lander encountered technical difficulties and missed its intended landing site by 250 meters. Days later, the botched mission was declared dead. The LUNR stock has plunged 55% since the mission's launch in late February and over 61% in the last month.

According to Fintel, LUNR's 30-day implied volatility surged to a yearly high of 198% in late February. After Wednesday's market close, it stood at 125%.

Implied volatility is a forward-looking measure of volatility that traders use to forecast the price variations in a stock over a given time.

Conversely, Bitcoin, historically considered a highly volatile asset, has been less chaotic in 2024.

The apex cryptocurrency's 30-day implied volatility, as tracked by popular cryptocurrency options exchange Deribit, was a little over 56% as of this writing, according to TradingView, down from 64% in mid-January and 80% a year ago.

LUNR stock's dramatic fluctuations and sensitivity to news might attract traders who chase volatility and have a higher risk tolerance. However, its ups and downs might warrant more extensive research before making big investment decisions.

Price Action: Shares of Intuitive Machines closed 14.5% higher at $7.42 during Wednesday’s regular trading session, according to data from Benzinga Pro. Year-to-date, the stock was down 59%.

The LUNR stock has demonstrated significantly high momentum as of this writing, but this cryptocurrency-focused stock topped the list, according to Benzinga’s proprietary Edge Rankings score.