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Intuit Inc (NASDAQ: INTU) closed the day trading at $606.28 down -2.37% from the previous closing price of $621.00. In other words, the price has decreased by -$2.37 from its previous closing price. On the day, 1.86 million shares were traded. INTU stock price reached its highest trading level at $618.6 during the session, while it also had its lowest trading level at $603.85.
Ratios:
For a better understanding of INTU, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 41.71 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.67. For the most recent quarter (mrq), Quick Ratio is recorded 1.29 and its Current Ratio is at 1.29. In the meantime, Its Debt-to-Equity ratio is 0.36 whereas as Long-Term Debt/Eq ratio is at 0.33.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BMO Capital Markets on August 23, 2024, Reiterated its Outperform rating but revised its target price to $760 from $700 previously.
On August 14, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $750 to $685.
On July 03, 2024, RBC Capital Mkts started tracking the stock assigning a Outperform rating and target price of $760.RBC Capital Mkts initiated its Outperform rating on July 03, 2024, with a $760 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 20 ’24 when FENNELL LAURA A sold 30,159 shares for $642.36 per share. The transaction valued at 19,372,869 led to the insider holds 52,038 shares of the business.
FENNELL LAURA A bought 30,159 shares of INTU for $19,432,293 on Sep 20 ’24. On Sep 17 ’24, another insider, COOK SCOTT D, who serves as the Founder of the company, sold 75,000 shares for $646.09 each. As a result, the insider received 48,456,866 and left with 6,455,566 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, INTU now has a Market Capitalization of 169935437824. As of this moment, Intuit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 58.10, and their Forward P/E ratio for the next fiscal year is 27.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.44 while its Price-to-Book (P/B) ratio in mrq is 9.22.
Stock Price History:
Over the past 52 weeks, INTU has reached a high of $676.62, while it has fallen to a 52-week low of $473.56. The 50-Day Moving Average of the stock is -4.51%, while the 200-Day Moving Average is calculated to be -3.99%.
Shares Statistics:
Over the past 3-months, INTU traded about 1.29M shares per day on average, while over the past 10 days, INTU traded about 1520500 shares per day. A total of 280.27M shares are outstanding, with a floating share count of 273.30M. Insiders hold about 2.49% of the company’s shares, while institutions hold 85.28% stake in the company. Shares short for INTU as of 1726185600 were 3452682 with a Short Ratio of 2.69, compared to 1723680000 on 3446497. Therefore, it implies a Short% of Shares Outstanding of 3452682 and a Short% of Float of 1.26.
Dividends & Splits
INTU’s forward annual dividend rate is 3.60, up from 3.6 a year ago. Against a Trailing Annual Dividend Yield of 0.005797101The stock’s 5-year Average Dividend Yield is 0.61.
