Intuit Inc. (NASDAQ:INTU) went up by 1.92% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Software – Application giant went up by $288.58 to trade ended Tuesday trading at $283.14. This is up from the $283.14 price recorded on Monday’s trading session. Its performance from the start of the year has also been positive, with INTU up by 10.17% year-to-date.
Intuit Inc. (INTU) started the day trading at $289.98 and recorded an intraday high of $293.4. It also recorded an intraday low of $285.42 during Tuesday’s trading session. Intuit Inc. is a very active stock that recorded a trading volume that is less than -25.72% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 1224975, which is less than -25.72 of the total average daily trading volume of 1.54 million.
Intuit Inc. (NASDAQ:INTU) 2020 Performance Impressive
The increase in INTU’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of INTU currently stands at $306.89, which is higher than the current trading price of the stock by 5.97%. However, INTU’s current trading price is -53.76% lower than the 52-week low price of $187.68. In terms of trading volume, Intuit Inc. currently experienced healthy participation during the last trading session. 1224975 shares of Intuit Inc. were traded on the stock exchange on Tuesday, which is less than -25.72% of the 1.54 million average trading volume of the stock.
The performance of the stock has been positive over the past year. INTU’s performance over the past one year has seen it surge by 13.28%, while the stock has gone up by 11.15% in the last six months. The quarterly performance of INTU currently stands at 20.66%, and it is up by 1.47% in the last month. The only negative figure was from the weekly performance, which currently reads -0.92%. At the time of writing INTU’s report, the company has a total market cap of $74.50B, making it one of the largest publicly-traded companies in the world.Intuit Inc. also has over 9400 employees all over the world.
INTU Insider Activities
For Intuit Inc., insiders hold 89.50% of all company shares. The insider transactions over the past six months are down by -0.90%. During that period, insiders bought 51,513 shares in 33 transactions. In that same period, insiders sold 182,992 of their shares in 43 transactions. After these transactions, insiders at Intuit Inc. now hold 9.11M shares, which is over 89.81% of the total company stocks. Institutional investors currently hold a large chunk of the INTU shares, as they control 3.49% of the company’s total stock.
INTU Fundamental Analysis
For Intuit Inc., the stock’s diluted earnings per share (EPS) stands at 5.06. In the coming year, analysts expect the EPS to be 8.15. The EPS growth will up over the next five years to 10.15% after surging by 15.00% in the previous five years. In terms of revenue, Intuit Inc.’s quarterly sales (YOY) is growing at 1.04, which is lower than the average annual revenue of 15.00% over the past half a decade.
The Return on Investment (ROI) on Intuit Inc.’s stock currently stands at 36.60%, and it has a net profit margin of 19.50%. The operating margin of the company is 22.50%, and its gross margin is 80.50%.
INTU Analysts Prediction
Another analyst that has a Overweight rating for INTU is Wells Fargo, which set a price target of between $305 and $320.
BofA/Merrill and BofA/Merrill also believe that Intuit Inc.’s stock is outperforming at the moment. INTU received a positive rating from BofA/Merrill, which set a price target of $264-$303 for the stock.
At the moment, Intuit Inc.’s Total Debt to Equity ratio stands at 0.08, and they have a long-term Debt to Equity ratio of 0.01.
INTU Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of INTU currently stands at 0.50%, while the SMA50 is 5.65%. The biggest one is the SMA200, which is currently reading 7.61% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 53.70, while its price to earnings ratio (P/E) is 57.01.
