Intuit Inc (NASDAQ: INTU) on Tuesday, plunged -0.10% from the previous trading day, before settling in for the closing price of $612.12. Within the past 52 weeks, INTU’s price has moved between $400.22 and $671.01.
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A company in the Technology sector has jumped its sales by 19.25% annually for the last half of the decade. The company achieved an average annual earnings per share of 14.02%. With a float of $272.02 million, this company’s outstanding shares have now reached $280.42 million.
In an organization with 18200 employees, it is important to assess its efficiency.
Intuit Inc (INTU) Insider Updates
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Intuit Inc is 2.84%, while institutional ownership is 85.74%. 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
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
Intuit Inc (INTU) is currently performing well based on its current performance indicators. A quick ratio of 1.17 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.34. Likewise, its price to free cash flow for the trailing twelve months is 36.62.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 1.27 million. That was better than the volume of 1.25 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 7.08%. Additionally, its Average True Range was 13.54.
During the past 100 days, Intuit Inc’s (INTU) raw stochastic average was set at 47.36%, which indicates a significant increase from 2.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.92% in the past 14 days, which was lower than the 22.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $644.88, while its 200-day Moving Average is $567.82. However, in the short run, Intuit Inc’s stock first resistance to watch stands at $616.39. Second resistance stands at $621.30. The third major resistance level sits at $624.03. If the price goes on to break the first support level at $608.75, it is likely to go to the next support level at $606.02. Assuming the price breaks the second support level, the third support level stands at $601.11.
Intuit Inc (NASDAQ: INTU) Key Stats
Market capitalization of the company is 171.20 billion based on 280,000K outstanding shares. Right now, sales total 14,368 M and income totals 2,384 M. The company made 3,386 M in profit during its latest quarter, and 353,000 K in sales during its previous quarter.
