LUNR sports a 400% nine-month lead
Intuitive Machines (NASDAQ:LUNR) stock is joining sector peers in today's space rally, last seen up 14.9% to trade at $44.17. Traders have remained bullish on the satellite stock, which continues to outperform the broader market and is one of our summer stock picks. The upcoming SpaceX initial public offering (IPO) in June is adding to the momentum, with the expected $2 trillion valuation adding a layer of legitimacy to the sector.
LUNR revisited three-year highs today, trading as high as $45.52. The stock is boasting a 400% gain over the last nine months and is poised to notch its best daily session since January 3, 2025.
Sentiment needs to catch up, with the 12-month consensus price target of $38.60 a 12.6% discount to current levels. Plus, short interest fell 10.5% over the last two reporting periods and accounts for 21.9% of the stock’s total available float sold.
On the options front, over 20,000 calls have changed hands, which is three times the average daily pace and roughly four times the amount of puts traded. The most popular option by far is the weekly 5/29 40-strike call followed by the June 40 call.