Extreme Speculators Should Keep Close Tabs on Intuitive Machines (LUNR) Stock

As exciting as the brand may be, Intuitive Machines (LUNR) comes with a hefty warning: LUNR stock is extremely risky. There’s simply no getting around this point. According to the Barchart Technical Opinion indicator, the ticker rates as a 56% Sell, with a continued possibility of LUNR maintaining its current trend.

Well, that’s not particularly a confidence-inspiring statement, considering that Intuitive Machines stock is down 11.51% in the trailing five sessions through Tuesday’s close. You can blame profit-taking and concerns about the company’s fundamentals. Yes, the record backlog expansion of $1.8 billion as of the end of the second quarter is very encouraging from a long-term view. However, rising operating costs (per Google Finance) raised concerns.