Is Wall Street High Or Low On Intuit Inc. (INTU)?


Intuit Inc. (NASDAQ:INTU) finished Wednesday with a subtraction of -$9.14 to close at $408.68, a downside of -2.19 percent. An average of 1,518,220 shares of common stock have been traded in the last five days. There was a fall of -$28.16 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 1,597,655 shares traded, while the 50-day average volume stands at 1,497,532.

INTU stock has decreased by -8.39% in the last month. The company shares reached their 1-month lowest point of $408.50 on 09/21/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $339.36 and a high of $716.86 in 52 weeks. It has reached a new high 1 time so far this year and lost -36.46% or -$234.54 in price. In spite of this, the price is down -42.99% from the 52-week high.

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Insider Transactions

13 days have passed since Intuit Inc. (INTU) last reported insider trading activity. Clatterbuck Michelle M, who is EVP and CFO, most recently acquired $6,768 shares at $450.00 per share on Sep 09. In this transaction, the insider spent $3,045,600. EVP, Consumer Group, Krishna Varun, disposed of 7,438 shares at a price of $450.80 on Sep 09. The insider now owns more than $3,353,026 worth of shares. Prior to that, EVP, SBSEG Chriss James Alexander went on to Sale 8,702 shares at $428.28 each on Sep 02. An amount of $3,726,916 was transacted.

Valuation Metrics

Intuit Inc. (INTU) has a trailing price-to-earnings (P/E) ratio of 56.40. The stock’s beta is 1.19. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 9.03, the price-to-book (PB) ratio at 7.03, and the price-to-cash flow ratio at 38.86.

The company has a payout ratio of 35.80%. The company’s most recent quarterly dividend payment was $0.78 a share, representing a up of 14.71% from $0.68 last year. Its latest increase dividend $0.10 reported on Tuesday August 23 2022.

Financial Health

The quick ratio of Intuit Inc. for the three months ended July 30 was 1.40, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.39 and a total debt to equity ratio of 0.42 for the quarter ending July 30. Its gross profit as reported stood at $10.32 billion compared to revenue of $12.73 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Intuit Inc.’s return on assets was 8.50%.

Earnings Surprise

For the three-month period that ended July 30, Intuit Inc. had $485.0 million in cash and short-term investments compared to $6.42 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$56.0 million in the quarter, while revenues of $1.79 billion were grew 778.57%. The analyst consensus anticipated Intuit Inc.’s latest quarter earnings to come in at $0.98 per share, but it turned out to be $1.1, a 12.20% surprise. For the quarter, EBITDA amounted to $133.0 million. Shareholders own equity worth $281.87 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Intuit Inc. (INTU) price momentum. RSI 9-day as of the close on 21 September was 31.97%, suggesting the stock is Neutral, with historical volatility in this time frame at 47.12%.

As of today, INTU’s price is $419.06 -6.45% or -$28.16 from its 5-day moving average. INTU is currently trading -9.09% lower than its 20-day SMA and -8.08% lower than its 100-day SMA. However, the stock’s current price level is +5.91% above the SMA50 and -36.93% below the SMA200.

The stochastic %K and %D were 10.24% and 15.36%, respectively, and the average true range (ATR) was 14.37. With the 14-day stochastic at 0.35% and the average true range at 14.53, the RSI (14) stands at 37.17%. The stock has reached -12.92 on the 9-day MACD Oscillator while the 14-day reading was at -12.23.

Analyst Ratings

Citigroup launched coverage on Intuit Inc. (NASDAQ: INTU) in its analyst report released on September 01, 2022. The firm assigned the stock a Buy rating.

What is INTU’s price target for the next 12 months?

Analysts predict a range of price targets between $410.00 and $650.00, with a median target of $550.00. Taking a look at these predictions, the average price target given by analysts for Intuit Inc. (INTU) stock is $542.85.


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