Intuit Inc (INTU)’s latest performance is not what we had anticipated

On Tuesday, Intuit Inc (NASDAQ: INTU) was -2.07% down from the session before settling in for the closing price of $639.84. A 52-week range for INTU has been $400.22 – $671.01.

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Annual sales at Technology sector company grew by 19.25% over the past five years. When this article was written, the company’s average yearly earnings per share was at 14.02%. With a float of $272.03 million, this company’s outstanding shares have now reached $280.42 million.

Let’s look at the performance matrix of the company that is accounted for 18200 employees.

Intuit Inc (INTU) Insider Updates

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Intuit Inc stocks. The insider ownership of Intuit Inc is 2.84%, while institutional ownership is 85.85%. The most recent insider transaction that took place on Mar 20 ’24, was worth 178,246. In this transaction EVP, Chief Technology Officer of this company sold 280 shares at a rate of $636.38, taking the stock ownership to the 0 shares. Before that another transaction happened on Feb 27 ’24, when Company’s EVP, Gen. Counsel & Corp.Sec. sold 3,692 for $663.84, making the entire transaction worth $2,450,892. This insider now owns 22,948 shares in total.

Intuit Inc (INTU) Performance Highlights and Predictions

Going through the last 3-months fiscal report unveiled on the 1/30/2024, it has been observed that the corporation posted $2.63 earnings per share (EPS) during the time that was better than consensus figure (set at $2.3) by $0.33. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.93 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 14.02% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.39% during the next five years compared to 10.59% 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 1.17. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.62. Likewise, its price to free cash flow for the trailing twelve months is 37.53.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.78, a number that is poised to hit 9.38 in the next quarter and is forecasted to reach 19.03 in one year’s time.

Technical Analysis of Intuit Inc (INTU)

Intuit Inc (NASDAQ: INTU) saw its 5-day average volume 1.22 million, a negative change from its year-to-date volume of 1.25 million. As of the previous 9 days, the stock’s Stochastic %D was 42.33%. Additionally, its Average True Range was 13.64.

During the past 100 days, Intuit Inc’s (INTU) raw stochastic average was set at 72.92%, which indicates a significant increase from 13.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.11% in the past 14 days, which was higher than the 23.04% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $647.28, while its 200-day Moving Average is $559.21. Nevertheless, the first resistance level for the watch stands at $630.59 in the near term. At $634.59, the stock is likely to face the second major resistance level. The third major resistance level sits at $638.74. If the price goes on to break the first support level at $622.44, it is likely to go to the next support level at $618.29. Assuming the price breaks the second support level, the third support level stands at $614.29.

Intuit Inc (NASDAQ: INTU) Key Stats

There are 280,000K outstanding shares of the company, which has a market capitalization of 175.43 billion. As of now, sales total 14,368 M while income totals 2,384 M. Its latest quarter income was 3,386 M while its last quarter net income were 353,000 K.