September 21, 2022, Intuit Inc. (NASDAQ: INTU) trading session started at the price of $422.14, that was -2.19% drop from the session before. During the day, the shares moved up to $427.92 and dropped to $408.50 before settling in for the closing price of $417.82. A 52-week range for INTU has been $339.36 – $716.86.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 19.60%. When this article was written, the company’s average yearly earnings per share was at -3.70%. With a float of $273.91 million, this company’s outstanding shares have now reached $283.00 million.
Considering the fact that the conglomerate employs 17300 people, you should pay attention to its efficiency factor.
Intuit Inc. (INTU) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Intuit Inc. stocks. The insider ownership of Intuit Inc. is 0.20%, while institutional ownership is 86.40%. The most recent insider transaction that took place on Sep 09, was worth 3,045,600. In this transaction EVP and CFO of this company sold 6,768 shares at a rate of $450.00, taking the stock ownership to the 1,350 shares. Before that another transaction happened on Sep 09, when Company’s EVP, Consumer Group sold 7,438 for $450.80, making the entire transaction worth $3,353,026. This insider now owns 0 shares in total.
Intuit Inc. (INTU) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 4/29/2022, it has been observed that the corporation posted $7.65 earnings per share (EPS) during the time that was better than consensus figure (set at $7.58) by $0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.86 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -3.70% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.07% during the next five years compared to 14.00% growth over the previous five years of trading.
Intuit Inc. (NASDAQ: INTU) Trading Performance Indicators
You can see what Intuit Inc. (INTU) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.40. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.03. Likewise, its price to free cash flow for the trailing twelve months is 38.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.25, a number that is poised to hit 1.23 in the next quarter and is forecasted to reach 15.99 in one year’s time.
Technical Analysis of Intuit Inc. (INTU)
Compared to the last year’s volume of 1.82 million, its volume of 1.52 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 9.88%. Additionally, its Average True Range was 14.37.
During the past 100 days, Intuit Inc.’s (INTU) raw stochastic average was set at 45.76%, which indicates a significant increase from 0.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.19% in the past 14 days, which was lower than the 45.65% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $441.32, while its 200-day Moving Average is $472.80. Nevertheless, the first resistance level for the watch stands at $421.57 in the near term. At $434.45, the stock is likely to face the second major resistance level. The third major resistance level sits at $440.99. If the price goes on to break the first support level at $402.15, it is likely to go to the next support level at $395.61. Should the price break the second support level, the third support level stands at $382.73.
Intuit Inc. (NASDAQ: INTU) Key Stats
There are 281,870K outstanding shares of the company, which has a market capitalization of 114.95 billion. As of now, sales total 12,726 M while income totals 2,066 M. Its latest quarter income was 2,414 M while its last quarter net income were -56,000 K.