Let’s look at the key reasons that are pushing Intuit Inc (INTU) to new highs

Intuit Inc (NASDAQ: INTU) kicked off on Friday, down -5.68% from the previous trading day, before settling in for the closing price of $678.70. Over the past 52 weeks, INTU has traded in a range of $557.29-$714.78.

Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 19.40%. While this was happening, its average annual earnings per share was recorded 14.01%. With a float of $273.07 million, this company’s outstanding shares have now reached $280.27 million.

Considering the fact that the conglomerate employs 18800 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 78.32%, operating margin of 21.66%, and the pretax margin is 21.09%.

Intuit Inc (INTU) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of Intuit Inc is 2.49%, while institutional ownership is 84.31%. The most recent insider transaction that took place on Oct 10 ’24, was worth 2,469,055. In this transaction EVP and CFO of this company sold 4,000 shares at a rate of $617.28, taking the stock ownership to the 452 shares. Before that another transaction happened on Oct 10 ’24, when Company’s Officer proposed sale 4,000 for $619.98, making the entire transaction worth $2,479,933.

Intuit Inc (INTU) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 14.01% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.00% during the next five years compared to 12.08% growth over the previous five years of trading.

Intuit Inc (NASDAQ: INTU) Trading Performance Indicators

Take a look at Intuit Inc’s (INTU) current performance indicators. Last quarter, stock had a quick ratio of 1.24. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 10.19. Likewise, its price to free cash flow for the trailing twelve months is 32.87.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 10.28, a number that is poised to hit 2.68 in the next quarter and is forecasted to reach 22.17 in one year’s time.

Technical Analysis of Intuit Inc (INTU)

Compared to the last year’s volume of 1.36 million, its volume of 2.32 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 29.22%. Additionally, its Average True Range was 19.87.

During the past 100 days, Intuit Inc’s (INTU) raw stochastic average was set at 36.49%, which indicates a significant increase from 28.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.23% in the past 14 days, which was higher than the 30.03% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $634.80, while its 200-day Moving Average is $633.95. Nevertheless, the first resistance level for the watch stands at $663.70 in the near term. At $687.27, the stock is likely to face the second major resistance level. The third major resistance level sits at $699.55. If the price goes on to break the first support level at $627.85, it is likely to go to the next support level at $615.57. Now, if the price goes above the second support level, the third support stands at $592.00.

Intuit Inc (NASDAQ: INTU) Key Stats

The company with the Market Capitalisation of 169.07 billion has total of 280,121K Shares Outstanding. Its annual sales at the moment are 16,285 M in contrast with the sum of 2,963 M annual income. Company’s last quarter sales were recorded 3,184 M and last quarter income was -20,000 K.