Intuit Inc. (NASDAQ:INTU) has a beta of 0.99, a 12-month trailing P/E ratio of 59.97, and a growth ratio of 3.78. The stock’s Relative Strength Index (RSI) is 73.16, with weekly volatility at 1.90% and ATR at 10.09. The INTU stock’s 52-week price range has touched low of $274.19 and a $466.00 high. Its shares traded higher over the last trading session, gaining 0.66% on 06/09/21. The shares fell to a low of $465.42 before closing at $468.33. Intraday shares traded counted 0.91 million, which was 30.16% higher than its 30-day average trading volume of 1.31M. INTU’s previous close was $465.26 while the outstanding shares total 273.00M.
Investors have identified the Software – Application company Intuit Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $124.82 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Intuit Inc. (INTU) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 5.33 billion total, with 2.71 billion as their total liabilities.
INTU were able to record 2.61 billion as free cash flow during the 08/26/2021 quarter of the year, this saw their quarterly net cash flow reduce by -3.38 billion. In cash movements, the company had a total of 2.71 billion as operating cash flow.
Potential earnings growth for Intuit Inc. (INTU)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/26/2021 quarter of the year, Intuit Inc. recorded a total of 4.17 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 28.06% coming in sequential stages and their sales for the 08/26/2021 quarter increasing by 62.23%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 581.0 million trying to sell their products during the last quarter, with the result yielding a gross income of 3.59 billion. This allows shareholders to hold on to 273.00M with the recently reported earning now reading 5.36 cents per share. This is a figure that compared to analystâ€™s prediction for their 08/26/2021 (5.45 cents a share).
Having a look at the companyâ€™s valuation, the company is expected to record 8.55 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on INTU sounds very interesting.
Is the stock of INTU attractive?
In related news, EVP, SBSEG, Chriss James Alexander sold 327 shares of the companyâ€™s stock in a transaction that recorded on May 28. The sale was performed at an average price of 435.00, for a total value of 142,245. As the sale deal closes, the Director, POWELL DENNIS D now sold 5,000 shares of the companyâ€™s stock, valued at 2,158,350. Also, EVP and CFO, Clatterbuck Michelle M sold 414 shares of the companyâ€™s stock in a deal that was recorded on May 27. The shares were price at an average price of 436.21 per share, with a total market value of 180,591. Following this completion of acquisition, the EVP, SBSEG, Chriss James Alexander now holds 437 shares of the companyâ€™s stock, valued at 190,624. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
18 out of 25 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on Intuit Inc.. 0 analysts has assigned a Sell rating on the INTU stock. The 12-month mean consensus price target for the companyâ€™s shares has been set at $497.42.