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In the latest session, Intuit Inc (NASDAQ: INTU) closed at $617.12 down -0.44% from its previous closing price of $619.85. In other words, the price has decreased by -$0.44 from its previous closing price. On the day, 1.93 million shares were traded. INTU stock price reached its highest trading level at $633.735 during the session, while it also had its lowest trading level at $615.73.
Ratios:
For a deeper understanding of Intuit Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 42.35 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 1.50 and its Current Ratio is at 1.29. In the meantime, Its Debt-to-Equity ratio is 0.35 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 26 ’24 when SCOTT D. COOK & HELEN SIGNE OS bought 81,449 shares for $619.85 per share.
SANDEEP AUJLA bought 32 shares of INTU for $19,922 on Aug 26 ’24. On Jul 03 ’24, another insider, Aujla Sandeep, who serves as the EVP and CFO of the company, sold 1,061 shares for $651.27 each. As a result, the insider received 690,997 and left with 3,333 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 173252116480. As of this moment, Intuit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 59.14, and their Forward P/E ratio for the next fiscal year is 27.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.59 while its Price-to-Book (P/B) ratio in mrq is 9.20.
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 -3.22%, while the 200-Day Moving Average is calculated to be -0.83%.
Shares Statistics:
For the past three months, INTU has traded an average of 1.53M shares per day and 1537700 over the past ten days. A total of 280.42M shares are outstanding, with a floating share count of 272.44M. Insiders hold about 2.54% of the company’s shares, while institutions hold 85.52% stake in the company. Shares short for INTU as of 1722384000 were 3398112 with a Short Ratio of 2.22, compared to 1719532800 on 3740394. Therefore, it implies a Short% of Shares Outstanding of 3398112 and a Short% of Float of 1.25.
Dividends & Splits
According to the company, the forward annual dividend rate for INTU is 3.60, from 3.6 in the trailing year. Against a Trailing Annual Dividend Yield of 0.005807857The stock’s 5-year Average Dividend Yield is 0.61.
