Intuit Inc (NASDAQ: INTU) has a price-to-earnings ratio of 60.98x that is above its average ratio. Additionally, the 36-month beta value for INTU is 1.23. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 6 rating it as “overweight,” 11 rating it as “hold,” and 2 rating it as “sell.”
The public float for INTU is 271.92M and currently, short sellers hold a 1.24% ratio of that float. The average trading volume of INTU on July 04, 2024 was 1.44M shares.
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INTU) stock’s latest price update
Intuit Inc (NASDAQ: INTU) has seen a rise in its stock price by 0.56 in relation to its previous close of 656.22. However, the company has experienced a 3.52% gain in its stock price over the last five trading sessions. marketwatch.com reported 2024-07-02 that NEW YORK — The Federal Trade Commission is taking action against a gig-work company, saying it misled people about the money they could make on its platform.
INTU’s Market Performance
Intuit Inc (INTU) has seen a 3.52% rise in stock performance for the week, with a 16.34% gain in the past month and a 5.92% surge in the past quarter. The volatility ratio for the week is 2.05%, and the volatility levels for the past 30 days are at 1.95% for INTU. The simple moving average for the last 20 days is 8.38% for INTU stock, with a simple moving average of 10.21% for the last 200 days.
Analysts’ Opinion of INTU
Jefferies, on the other hand, stated in their research note that they expect to see INTU reach a price target of $770. The rating they have provided for INTU stocks is “Buy” according to the report published on June 13th, 2024.
Susquehanna gave a rating of “Positive” to INTU, setting the target price at $700 in the report published on December 15th of the previous year.
INTU Trading at 6.36% 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 -2.47% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 2.05%, as shares surge +15.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.22% upper at present.
During the last 5 trading sessions, INTU rose by +3.52%, which changed the moving average for the period of 200-days by +22.64% in comparison to the 20-day moving average, which settled at $613.26. In addition, Intuit Inc saw 5.58% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at INTU starting from Aujla Sandeep, who sale 1,061 shares at the price of $651.27 back on Jul 03 ’24. After this action, Aujla Sandeep now owns 3,333 shares of Intuit Inc, valued at $690,997 using the latest closing price.
Notarainni Mark P., the EVP, Consumer Group of Intuit Inc, sale 466 shares at $651.27 during a trade that took place back on Jul 03 ’24, which means that Notarainni Mark P. is holding 554 shares at $303,492 based on the most recent closing price.
Stock Fundamentals for INTU
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.78 for the gross margin
The net margin for Intuit Inc stands at 0.19. The total capital return value is set at 0.15. Equity return is now at value 16.90, with 10.16 for asset returns.
Based on Intuit Inc (INTU), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.88. The debt to equity ratio resting at 0.32. The interest coverage ratio of the stock is 13.76.
Currently, EBITDA for the company is 4.04 billion with net debt to EBITDA at 0.49. When we switch over and look at the enterprise to sales, we see a ratio of 11.81. The receivables turnover for the company is 10.55for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.50.
Conclusion
In conclusion, Intuit Inc (INTU) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
