Odysseus Has Landed On The Moon: What's Going On With Intuitive Machines Stock?

Intuitive Machines, Inc. LUNR shares are trading higher Friday after the company's Odysseus spacecraft landed on the Moon.

The Details:

The Odysseus lunar rover landed on the surface of the Moon Thursday evening, marking the first U.S. soft landing on the moon since 1972.

"Odysseus is alive and well. Flight controllers are communicating and commanding the vehicle to download science data. The lander has good telemetry and solar charging," the company said in a post on the social media platform, X.

The company also said Intuitive Machines CEO Steve Altemus will hold a press conference Friday to discuss more details.

Intuitive Machines' stock has gained more than 240% over the past month on the excitement leading to the moon-landing, and the stock is one of the top trending tickers across social media, including WallStreetBets. 

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LUNR Stock Forecast In 2030:

Predicting the future in stock prices over long periods of time is challenging. Wall Street analysts use complex models that take into account interest rates, economic growth, competitive advantages, management teams and historical profitability, among a host of other factors.

If, as an investor, you want to assume most of the major factors remain stable, you can use trend analysis as a helpful tool. Using a longer term trend line or historical performance of the stock, you can aim to forecast a stock's annual rate of return.

For Intuitive Machines, over the past 5 years, it's annualized stock performance is -3.02%, and if you assume that trend continues for another 5 years, you can expect a stock to trade at $9.27.

Using a trend line (see how to perform this function here), If you choose to use a trend line, connect your two points and look into the future to the point in time in which you're curious. Once you've identified that stock price, you may want to consider what type of conditions would need to exist for the stock to justify the share price – be it an outside influence or managerial decision making.

LUNR Price Action: According to Benzinga Pro, Intuitive Machines shares are up 14.5% at $9.47 at the time of publication.

Image: Courtesy of Intuitive Machines, Inc.