The stock of Intuit Inc. (NASDAQ:INTU) increased by $11.78 on Tuesday to at $530.65, up 2.27 percent. The last five days have seen an average of 1,570,041 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $141.86. The average number of shares traded over the last 20 days was 1,189,335, while the average volume over the last 50 days totaled 1,393,798.
INTU stock appreciated 3.70% since last month. On 08/18/23, the company’s shares reached a one-month low of $477.76. The stock touched a high of $522.67 on 08/29/23, after rallying from a low of $352.63 in 52 weeks. The price of INTU stock has risen by 36.34% or $141.86 this year, reaching a new high 20 times. Still, the stock price is up 1.53% from the 52-week high.
Insider Transactions
INTU stock investors should be aware that Intuit Inc. (INTU) stock had its last reported insider trading activity 57 days ago on Jul 03. On Jul 03, EVP, People and Places FENNELL LAURA A sold 53,741 shares at $450.96 each. This transaction resulted in the insider making $24,235,296. On Jul 03, Clatterbuck Michelle M sold 1,412 shares at a price of US$452.74. After the transaction, the insider now owns 1,350 shares. EVP, SBSEG Chriss James Alexander had earlier sold 1,394 shares on Jul 03 for $452.74 a share. The transaction was completed for $631,120.
Valuation Metrics
Intuit Inc. (INTU) has a trailing price-to-earnings (P/E) ratio of 67.06. Beta for the stock is 1.18. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 10.14, the price-to-book (PB) ratio of 8.48, and the price-to-cash flow ratio of 35.53.
Company paid $0.90 per share in dividends, an increase of 15.38% from $0.78 last year.
Financial Health
For the three months ended July 30, Intuit Inc.’s quick ratio was 1.50, while its current ratio was 1.50, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending July 30 is 0.35, and the total debt to equity ratio is 0.38. As far as profitability goes, gross margin for the trailing twelve months is 78.50% percent. Intuit Inc.’s operating margin stood at 18.90% for the same period. Based on annual data, it had gross profit of $10.32 billion and revenue of $12.73 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. INTU’s return on assets (ROA) during the last 12 months has been 7.00%. There was a 9.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 11.80%.
Earnings Surprise
According to Intuit Inc.’s quarterly financial report for the quarter that ended July 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $6.02 billion, while revenues rose by 6.41% to $3.04 billion. It was predicted that Intuit Inc.’s quarterly earnings would be $1.65, but it ended up being $1.43, beating the consensus by 15.40%. EBITDA was $2.97 billion for the quarter. At the end of Intuit Inc.’s most recent quarter ended July 30, its liabilities totaled 11.33 billion, while its total debt was $6.6 billion. Equity owned by shareholders amounts to $280.06 million.
Technical Picture
Here’s a quick look at Intuit Inc.’s (INTU) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 76.53%, suggesting the stock is Overbought, with a 30.56% historical volatility rate.
The stochastic %K and %D were 94.88% and 84.37% respectively, while the average true range (ATR) was 12.64. Based on the 14-day stochastic reading of 99.40%, the RSI (14) reading is 70.94%. On the 9-day MACD Oscillator, the stock is at 21.12, and the 14-day reading is at 21.94.
Analyst Ratings
In its most recent analyst report, Exane BNP Paribas raised its rating on Intuit Inc. (NASDAQ: INTU) to a Neutral. Prior to this, analysts firm rated the stock as an Underperform. Analysts have assigned Intuit Inc. (INTU) an Overweight rating. INTU is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 21 others recommend it as a buy.
What is INTU’s price target for the next 12 months?
The current consensus forecast for the stock is between $410.00 and $615.00, with a median target price of $550.00. In analyzing these forecasts, the average price target given by analysts for Intuit Inc. (INTU) is $542.64.
