As of Wednesday close, Intuit Inc.’s (NASDAQ:INTU) stock was down -$1.53, moving down -0.31 percent to $495.65. The average number of shares traded per day over the past five days has been 1,132,860 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.05 fall in that time frame. In the last twenty days, the average volume was 1,413,960, while in the previous 50 days, it was 1,490,176.
Since last month, INTU stock rose 0.04%. Shares of the company fell to $480.48 on 07/17/23, the lowest level in the past month. A 52-week high of $514.14 was reached on 07/31/23 after having rallying from a 52-week low of $352.63. Since the beginning of this year, INTU’s stock price has risen by 27.34% or $106.43, and marked a new high 17 times. However, the stock has declined by -3.60% since its 52-week high.
INTU stock investors should be aware that Intuit Inc. (INTU) stock had its last reported insider trading activity 45 days ago on Jul 03. FENNELL LAURA A, the EVP, People and Places of the company, disposed of 53,741 shares for $450.96 on Jul 03. It resulted in a $24,235,296 divestment by the insider. Clatterbuck Michelle M sold 1,412 shares at an average price of $452.74 on Jul 03. The insider now owns 1,350 shares following the transaction. On Jul 03, EVP, SBSEG Chriss James Alexander sold 1,394 shares at $452.74 apiece. The transaction was valued at $631,120.
Valuation Metrics
Right now, Intuit Inc. (INTU) has a P/E ratio of about 62.64. The stock’s beta is 1.19. Besides these, the trailing price-to-sales (P/S) ratio of 9.94, the price-to-book (PB) ratio of 7.92, and the price-to-cash flow ratio of 32.81 may also be considered.
The latest dividend of $0.78 per share was paid out, remained unchanged from last year’s $0.78. On Tuesday August 23 2022, a $0.10 dividend increase was announced.
Financial Health
In the three months ended April 29, Intuit Inc.’s quick ratio stood at 1.50, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending April 29 was 0.35, and the total debt-to-equity ratio was 0.38. On the profitability front, the trailing twelve-month gross margin is 78.50% percent. In the year ended April 29, EBITDA margin amounted to 27.21%, whereas operating margins totaled 21.70%. Based on annual data, INTU earned $10.32 billion in gross profit and brought in $12.73 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.00%. Return on equity (ROE) for the past 12 months was 13.60%.
In Intuit Inc.’s quarter-end financial report for April 29, it reported total debt of $6.11 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. INTU’s revenue rose 6.41% to $3.04 billion during the quarter, while net income inched up to $6.02 billion. While analysts expected Intuit Inc. to report $8.48 quarterly earnings, the actual figure was $8.92 per share, beating the consensus estimate by 5.20%. During the quarter, the company generated $2.97 billion in EBITDA. The liabilities of Intuit Inc. were 11.33 billion at the end of its most recent quarter ended April 29, and its total debt was $7.2 billion. The value of shareholders’ equity is $280.06 million.
Technical Picture
This quick technical analysis looks at Intuit Inc.’s (INTU) price momentum. With a historical volatility rate of 26.58%, the RSI 9-day stood at 48.19% on 16 August.
With respect to its five-day moving average, the current Intuit Inc. price is down by -0.21% percent or -$1.05. At present, INTU shares trade -0.98% below its 20-day simple moving average and +14.60% percent above its 100-day simple moving average. However, the stock is currently trading approximately +11.93% above its SMA50 and +17.45% above its SMA200.
Stochastic coefficient K was 37.03% and Stochastic coefficient D was 43.55%, while ATR was 10.67. Given the Stochastic reading of 20.23% for the 14-day period, the RSI (14) reading has been calculated as 53.11%. As of today, the MACD Oscillator reading stands at -0.19, while the 14-day reading stands at -2.22.
Analyst Ratings
Exane BNP Paribas upgraded its rating on Intuit Inc. (NASDAQ: INTU) to a Neutral in a note to investors on July 19, 2023. The analysts firm previously had an Underperform rating on the stock.Intuit Inc. (INTU) has been rated Overweight by analysts. According to 0 brokerage firms, INTU is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Intuit Inc. stock as buy, with 21 recommending it as overweight.
With a median target price of $520.00, the current consensus forecast for the stock is $410.00 – $600.00. Based on these forecasts, analysts predict Intuit Inc. (INTU) will achieve an average price target of $508.32.
