Intuit Inc (NASDAQ: INTU) is 4.82% higher on its value in year-to-date trading and has touched a low of $400.22 and a high of $671.01 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The INTU stock was last observed hovering at around $635.42 in the last trading session, with the day’s gains setting it 19.71%.
Currently trading at $655.13, the stock is 4.67% and 3.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing 3.10% at the moment leaves the stock 12.49% off its SMA200. INTU registered 53.71% gain for a year compared to 6-month gain of 23.10%.
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The stock witnessed a 7.14% loss in the last 1 month and extending the period to 3 months gives it a -0.30%, and is 3.59% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.94% over the week and 2.05% over the month.
Intuit Inc (INTU) has around 18200 employees, a market worth around $183.42B and $15.09B in sales. Current P/E ratio is 66.96 and Fwd P/E is 34.47. Profit margin for the company is 18.35%. Distance from 52-week low is 63.69% and -2.37% from its 52-week high. The company has generated returns on investments over the last 12 months (11.87%).
The EPS is expected to grow by 14.01% this year
The shares outstanding are 280.42M, and float is at 272.02M with Short Float at 1.24%.
Intuit Inc (INTU) Insider Activity
The most recent transaction is an insider sale by Balazs Alex G., the company’s EVP, Chief Technology Officer. SEC filings show that Balazs Alex G. sold 280 shares of the company’s common stock on Mar 20 ’24 at a price of $636.38 per share for a total of $0.18 million. Following the sale, the insider now owns 0.0 shares.
Intuit Inc disclosed in a document filed with the SEC on Feb 27 ’24 that McLean Kerry J (EVP, Gen. Counsel & Corp.Sec.) sold a total of 3,692 shares of the company’s common stock. The trade occurred on Feb 27 ’24 and was made at $663.84 per share for $2.45 million. Following the transaction, the insider now directly holds 22948.0 shares of the INTU stock.
Still, SEC filings show that on Feb 26 ’24, Hotz Lauren D (SVP, Chief Accounting Officer) disposed off 745 shares at an average price of $655.13 for $0.49 million. The insider now directly holds 3,180 shares of Intuit Inc (INTU).
