Intuitive Machines, Inc. (NASDAQ:LUNR) stock is tumbling on Wednesday, down significantly during the regular trading session. The move comes as the Nasdaq index is down 0.98%, reflecting a broader sell-off in technology stocks, which are generally underperforming today.
Despite the decline, there are no specific company-related news events driving this price action. Instead, the stock appears to be caught in the broader market trends, with the technology sector facing downward pressure amid a mixed performance across major indices.
Currently, Intuitive Machines is trading 10.9% below its 20-day simple moving average (SMA) and 34.2% above its 100-day SMA, demonstrating some short-term weakness while maintaining longer-term strength. Shares have decreased 18.72% over the past 12 months and are positioned closer to their 52-week highs than lows, indicating a relatively stable price point despite recent volatility.
The RSI is at 53.81, which is considered neutral territory, suggesting that the stock is neither overbought nor oversold at this time. Meanwhile, MACD is below its signal line, indicating bearish pressure on the stock.
The combination of neutral RSI and bearish MACD suggests mixed momentum.
Investors are looking ahead to the next earnings report on Mar. 23, 2026.
Analyst Consensus & Recent Actions:
The stock carries a Buy Rating with an average price target of $18.00. Recent analyst moves include:
Below is the Benzinga Edge scorecard for Intuitive Machines, highlighting its strengths and weaknesses compared to the broader market:
Intuitive Machines shares were down 18.87% at $15.91 at the time of publication on Wednesday, according to Benzinga Pro data.
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