A new trading day began on Tuesday, with Intuit Inc (NASDAQ: INTU) stock price up 0.84% from the previous day of trading, before settling in for the closing price of $650.77. INTU’s price has ranged from $444.19 to $676.62 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 19.25%. Meanwhile, its annual earnings per share averaged 16.92%. With a float of $271.92 million, this company’s outstanding shares have now reached $280.42 million.
The extent of productivity of a business whose workforce counts for 18200 workers is very important to gauge.
Intuit Inc (INTU) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Intuit Inc is 2.73%, while institutional ownership is 85.66%. The most recent insider transaction that took place on Jun 12 ’24, was worth 16,198,687. In this transaction Founder of this company sold 27,309 shares at a rate of $593.16, taking the stock ownership to the 6,524,412 shares. Before that another transaction happened on Jun 11 ’24, when Company’s Founder sold 75,000 for $566.56, making the entire transaction worth $42,491,749. This insider now owns 6,551,721 shares in total.
Intuit Inc (INTU) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 16.92% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.70% during the next five years compared to 10.59% growth over the previous five years of trading.
Intuit Inc (NASDAQ: INTU) Trading Performance Indicators
Here are Intuit Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.60. Likewise, its price to free cash flow for the trailing twelve months is 36.25.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 10.82, a number that is poised to hit 1.85 in the next quarter and is forecasted to reach 19.09 in one year’s time.
Technical Analysis of Intuit Inc (INTU)
The latest stats from [Intuit Inc, INTU] show that its last 5-days average volume of 1.31 million was inferior to 1.35 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 87.36%. Additionally, its Average True Range was 13.98.
During the past 100 days, Intuit Inc’s (INTU) raw stochastic average was set at 82.90%, which indicates a significant decrease from 92.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.52% in the past 14 days, which was lower than the 29.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $620.42, while its 200-day Moving Average is $598.77. Now, the first resistance to watch is $658.92. This is followed by the second major resistance level at $661.61. The third major resistance level sits at $666.23. If the price goes on to break the first support level at $651.61, it is likely to go to the next support level at $646.99. Assuming the price breaks the second support level, the third support level stands at $644.30.
Intuit Inc (NASDAQ: INTU) Key Stats
With a market capitalization of 183.45 billion, the company has a total of 279,547K Shares Outstanding. Currently, annual sales are 14,368 M while annual income is 2,384 M. The company’s previous quarter sales were 6,737 M while its latest quarter income was 2,389 M.
