Intuit Inc. (NASDAQ:INTU) finished Wednesday with an addition of $12.96 to close at $500.86, an upside of 2.66 percent. An average of 1,123,300 shares of common stock have been traded in the last five days. There was a gain of $5.21 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 1,195,465 shares traded, while the 50-day average volume stands at 1,412,194.
INTU stock has increased by 0.88% in the last month. The company shares reached their 1-month lowest point of $477.76 on 08/18/23. With the stock rallying to its 52-week high on 07/31/23, shares of the company touched a low of $352.63 and a high of $514.14 in 52 weeks. It has reached a new high 17 times so far this year and achieved 28.68% or $111.64 in price. In spite of this, the price is down -2.58% from the 52-week high.
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Insider Transactions
INTU stock investors should be aware that Intuit Inc. (INTU) stock had its last reported insider trading activity 52 days ago on Jul 03. In this transaction, the insider spent $24,235,296. EVP and CFO, Clatterbuck Michelle M, disposed of 1,412 shares at a price of $452.74 on Jul 03. The insider now owns more than $639,269 worth of shares. Prior to that, EVP, SBSEG Chriss James Alexander went on to Sale 1,394 shares at $452.74 each on Jul 03. An amount of $631,120 was transacted.
Valuation Metrics
Intuit Inc. (INTU) has a trailing price-to-earnings (P/E) ratio of 63.30. The stock’s beta is 1.20. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 9.98, the price-to-book (PB) ratio at 8.00, and the price-to-cash flow ratio at 32.94.
The company has a payout ratio of 36.60%. The company’s most recent quarterly dividend payment was $0.78 a share, without any change from 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 April 29 was 1.50, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.35 and a total debt to equity ratio of 0.38 for the quarter ending April 29. Intuit Inc.’s EBITDA margin for the year ending April 29 is 27.21%, while its operating margin for the same period stands at 21.70%. 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 8.10%.
Earnings Surprise
For the three-month period that ended April 29, Intuit Inc. had $6.11 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.09 billion in the quarter, while revenues were grew 14.04%. The analyst consensus anticipated Intuit Inc.’s latest quarter earnings to come in at $8.48 per share, but it turned out to be $8.92, a 5.20% surprise. For the quarter, EBITDA amounted to $2.97 billion. Shareholders own equity worth $280.06 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 23 August was 58.12%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.71%.
As of today, INTU’s price is $489.89 +1.05% or $5.21 from its 5-day moving average. INTU is currently trading +0.81% higher than its 20-day SMA and +13.81% higher than its 100-day SMA. However, the stock’s current price level is +12.27% above the SMA50 and +37.23% above the SMA200.
The stochastic %K and %D were 44.20% and 31.24%, respectively, and the average true range (ATR) was 10.83. With the 14-day stochastic at 70.02% and the average true range at 10.91, the RSI (14) stands at 57.30%. The stock has reached -1.64 on the 9-day MACD Oscillator while the 14-day reading was at -3.88.
Analyst Ratings
Exane BNP Paribas upgraded Intuit Inc. (NASDAQ: INTU) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for Intuit Inc. (INTU) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell INTU, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 21 others rate it as a “buy”.
What is INTU’s price target for the next 12 months?
Analysts predict a range of price targets between $410.00 and $600.00, with a median target of $520.00. Taking a look at these predictions, the average price target given by analysts for Intuit Inc. (INTU) stock is $512.32.
