The stock of Intuit Inc (INTU) has seen a -5.00% decrease in the past week, with a -3.80% drop in the past month, and a -7.61% decrease in the past quarter. The volatility ratio for the week is 2.11%, and the volatility levels for the past 30 days are at 2.13% for INTU. The simple moving average for the past 20 days is -4.57% for INTU’s stock, with a -3.99% simple moving average for the past 200 days.
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 58.10x. The 36-month beta value for INTU is also noteworthy at 1.24. 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.”
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The public float for INTU is 273.30M, and at present, short sellers hold a 1.26% of that float. The average trading volume of INTU on October 02, 2024 was 1.29M shares.
INTU) stock’s latest price update
Intuit Inc (NASDAQ: INTU)’s stock price has dropped by -2.37 in relation to previous closing price of 621.00. Nevertheless, the company has seen a loss of -5.00% in its stock price over the last five trading days. zacks.com reported 2024-10-01 that INTU’s new agentic AI and GenOS integrated product offering bodes well for investors. However, stretched valuation might keep investors on the sidelines.
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 -4.51% 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 -10.40% of loss for the given period.
Volatility was left at 2.13%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares sank -2.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.93% lower at present.
During the last 5 trading sessions, INTU fell by -5.00%, which changed the moving average for the period of 200-days by -0.65% in comparison to the 20-day moving average, which settled at $634.37. In addition, Intuit Inc saw -3.00% 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 FENNELL LAURA A, who sale 30,159 shares at the price of $642.36 back on Sep 20 ’24. After this action, FENNELL LAURA A now owns 52,038 shares of Intuit Inc, valued at $19,372,869 using the latest closing price.
FENNELL LAURA A, the Officer of Intuit Inc, proposed sale 30,159 shares at $644.33 during a trade that took place back on Sep 20 ’24, which means that FENNELL LAURA A is holding shares at $19,432,293 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 10.62. 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 summary, Intuit Inc (INTU) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
