The stock price of Intuit Inc (NASDAQ: INTU) has dropped by -5.55 compared to previous close of 678.81. Despite this, the company has seen a fall of -8.34% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-18 that Intuit has shown impressive growth with strong revenue and net income increases, driven mainly by its Small Business & Self-Employed and Consumer segments. Despite its quality and growth potential, Intuit’s stock remains expensive, justifying a ‘hold’ rating as it is likely to perform in line with the broader market. Management’s guidance for fiscal 2025 indicates continued growth, but analysts expect a decline in profits, making an upgrade unlikely unless results significantly exceed expectations.
Is It Worth Investing in Intuit Inc (NASDAQ: INTU) Right Now?
The price-to-earnings ratio for Intuit Inc (NASDAQ: INTU) is 61.44x, which is above its average ratio. Moreover, the 36-month beta value for INTU is 1.26. Analysts have varying opinions on the stock, with 16 analysts rating it as a “buy,” 7 as “overweight,” 11 as “hold,” and 2 as “sell.”
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The public float for INTU is 273.32M and currently, short sellers hold a 1.40% of that float. On November 19, 2024, INTU’s average trading volume was 1.38M shares.
INTU’s Market Performance
The stock of Intuit Inc (INTU) has seen a -8.34% decrease in the past week, with a 4.43% rise in the past month, and a -4.38% fall in the past quarter. The volatility ratio for the week is 1.94%, and the volatility levels for the past 30 days are at 2.09% for INTU. The simple moving average for the past 20 days is -1.06% for INTU’s stock, with a 1.17% simple moving average for the past 200 days.
Analysts’ Opinion of INTU
BMO Capital Markets, on the other hand, stated in their research note that they expect to see INTU reach a price target of $760, previously predicting the price at $700. The rating they have provided for INTU stocks is “Outperform” according to the report published on August 23rd, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to INTU, setting the target price at $685 in the report published on August 14th of the current year.
INTU Trading at 1.08% 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 -10.30% of loss for the given period.
Volatility was left at 2.09%, however, over the last 30 days, the volatility rate increased by 1.94%, as shares surge +5.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.25% upper at present.
During the last 5 trading sessions, INTU fell by -8.28%, which changed the moving average for the period of 200-days by +0.15% in comparison to the 20-day moving average, which settled at $648.04. In addition, Intuit Inc saw 2.58% 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 4,000 shares at the price of $617.28 back on Oct 10 ’24. After this action, Aujla Sandeep now owns 452 shares of Intuit Inc, valued at $2,469,055 using the latest closing price.
Aujla Sandeep, the Officer of Intuit Inc, proposed sale 4,000 shares at $619.98 during a trade that took place back on Oct 10 ’24, which means that Aujla Sandeep is holding shares at $2,479,933 based on the most recent closing price.
Stock Fundamentals for INTU
Current profitability levels for the company are sitting at:
- 0.22 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 16.60, 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 0.81. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is 13.49.
Currently, EBITDA for the company is 4.64 billion with net debt to EBITDA at 0.65. When we switch over and look at the enterprise to sales, we see a ratio of 11.17. 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
To wrap up, the performance of Intuit Inc (INTU) has been mixed in recent times. The stock has received a bearish of “sell” 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.
