The price-to-earnings ratio for Intuit Inc (NASDAQ: INTU) is above average at 62.51x, Company’s 36-month beta value is 1.24.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 273.20M, and currently, short sellers hold a 1.16% ratio of that floaft. The average trading volume of INTU on September 19, 2024 was 1.31M shares.
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INTU) stock’s latest price update
Intuit Inc (NASDAQ: INTU)’s stock price has increased by 3.04 compared to its previous closing price of 633.07. However, the company has seen a 0.92% increase in its stock price over the last five trading sessions. 247wallst.com reported 2024-09-19 that Although dividend stock investing is one of the surest ways for investors to dramatically increase their returns over time, dividend growth stocks are even better.
INTU’s Market Performance
Intuit Inc (INTU) has seen a 0.92% rise in stock performance for the week, with a -2.24% decline in the past month and a 5.89% surge in the past quarter. The volatility ratio for the week is 1.89%, and the volatility levels for the past 30 days are at 2.43% for INTU. The simple moving average for the last 20 days is 2.86% for INTU stock, with a simple moving average of 3.70% for the last 200 days.
Analysts’ Opinion of INTU
Many brokerage firms have already submitted their reports for INTU stocks, with BMO Capital Markets repeating the rating for INTU by listing it as a “Outperform.” The predicted price for INTU in the upcoming period, according to BMO Capital Markets is $760 based on the research report published on August 23, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see INTU reach a price target of $685, previously predicting the price at $750. The rating they have provided for INTU stocks is “Equal-Weight” according to the report published on August 14th, 2024.
RBC Capital Mkts gave a rating of “Outperform” to INTU, setting the target price at $760 in the report published on July 03rd of the current year.
INTU Trading at 2.52% 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 -3.59% of loss for the given period.
Volatility was left at 2.43%, however, over the last 30 days, the volatility rate increased by 1.89%, as shares sank -2.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.46% upper at present.
During the last 5 trading sessions, INTU rose by +1.29%, which changed the moving average for the period of 200-days by +14.00% in comparison to the 20-day moving average, which settled at $633.41. In addition, Intuit Inc saw 4.37% 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 SCOTT D. COOK & HELEN SIGNE OS, who proposed sale 77,461 shares at the price of $646.25 back on Sep 17 ’24. After this action, SCOTT D. COOK & HELEN SIGNE OS now owns shares of Intuit Inc, valued at $50,059,171 using the latest closing price.
Balazs Alex G., the EVP, Chief Technology Officer of Intuit Inc, sale 2,941 shares at $628.76 during a trade that took place back on Sep 10 ’24, which means that Balazs Alex G. is holding 20 shares at $1,849,469 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
- 0.77 for the gross margin
The net margin for Intuit Inc stands at 0.18. The total capital return value is set at 0.16. Equity return is now at value 16.60, with 9.89 for asset returns.
Based on Intuit Inc (INTU), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.8. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is 14.32.
Currently, EBITDA for the company is 4.64 billion with net debt to EBITDA at 0.63. When we switch over and look at the enterprise to sales, we see a ratio of 11.45. The receivables turnover for the company is 12.37for 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 1.29.
Conclusion
In a nutshell, Intuit Inc (INTU) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
