The stock of Intuit Inc (NASDAQ: INTU) has increased by 0.73 when compared to last closing price of 611.49. Despite this, the company has experienced a -1.97% fall in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-12 that The stock market has enjoyed a good run to start the year. The S&P 500 and Nasdaq Composite are both up by roughly 10% year-to-date.
Is It Worth Investing in Intuit Inc (NASDAQ: INTU) Right Now?
The price-to-earnings ratio for Intuit Inc (NASDAQ: INTU) is above average at 62.96x, Company’s 36-month beta value is 1.23.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 6 as “overweight,” 11 as “hold,” and 2 as “sell.”
The public float for INTU is 272.02M, and currently, short sellers hold a 1.25% ratio of that floaft. The average trading volume of INTU on April 17, 2024 was 1.25M shares.
INTU’s Market Performance
The stock of Intuit Inc (INTU) has seen a -1.97% decrease in the past week, with a -2.29% drop in the past month, and a 2.69% gain in the past quarter. The volatility ratio for the week is 1.81%, and the volatility levels for the past 30 days are at 1.81% for INTU. The simple moving average for the last 20 days is -2.87% for INTU stock, with a simple moving average of 8.48% for the last 200 days.
Analysts’ Opinion of INTU
Many brokerage firms have already submitted their reports for INTU stocks, with Susquehanna repeating the rating for INTU by listing it as a “Positive.” The predicted price for INTU in the upcoming period, according to Susquehanna is $700 based on the research report published on December 15, 2023 of the previous year 2023.
HSBC Securities, on the other hand, stated in their research note that they expect to see INTU reach a price target of $520. The rating they have provided for INTU stocks is “Hold” according to the report published on September 29th, 2023.
Exane BNP Paribas gave a rating of “Neutral” to INTU, setting the target price at $532 in the report published on July 19th of the previous year.
INTU Trading at -4.48% from the 50-Day Moving Average
After a stumble in the market that brought INTU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.20% of loss for the given period.
Volatility was left at 1.81%, however, over the last 30 days, the volatility rate increased by 1.81%, as shares sank -2.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.88% lower at present.
During the last 5 trading sessions, INTU fell by -2.01%, which changed the moving average for the period of 200-days by +34.39% in comparison to the 20-day moving average, which settled at $633.25. In addition, Intuit Inc saw -1.45% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at INTU starting from Balazs Alex G., who sale 280 shares at the price of $636.38 back on Mar 20 ’24. After this action, Balazs Alex G. now owns 0 shares of Intuit Inc, valued at $178,246 using the latest closing price.
McLean Kerry J, the EVP, Gen. Counsel & Corp.Sec. of Intuit Inc, sale 3,692 shares at $663.84 during a trade that took place back on Feb 27 ’24, which means that McLean Kerry J is holding 22,948 shares at $2,450,892 based on the most recent closing price.
Stock Fundamentals for INTU
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.78 for the gross margin
The net margin for Intuit Inc stands at 0.18. The total capital return value is set at 0.15. Equity return is now at value 16.92, with 9.74 for asset returns.
Based on Intuit Inc (INTU), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.76. The debt to equity ratio resting at 0.38. The interest coverage ratio of the stock is 12.86.
Currently, EBITDA for the company is 4.04 billion with net debt to EBITDA at 1.15. When we switch over and look at the enterprise to sales, we see a ratio of 11.73. The receivables turnover for the company is 7.27for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.
Conclusion
In a nutshell, Intuit Inc (INTU) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
