Intuit Inc [NASDAQ: INTU] plunged by -$55.27 during the normal trading session on while it closed the day at $606.99.
Intuit Inc stock has also loss -8.20% of its value over the past 7 days. However, INTU stock has declined by -8.56% in the 3 months of the year. Over the past six months meanwhile, it has gained 7.58% and lost -2.89% year-on date.
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The market cap for INTU stock reached $169.68 billion, with 280.42 million shares outstanding and 271.58 million shares in the current float. Compared to the average trading volume of 1.20M shares, INTU reached a trading volume of 4250388 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Intuit Inc [INTU]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for INTU shares is $707.48 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on INTU stock is a recommendation set at 1.68. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Susquehanna have made an estimate for Intuit Inc shares, keeping their opinion on the stock as Positive, with their previous recommendation back on December 15, 2023. While these analysts kept the previous recommendation, HSBC Securities raised their target price to Hold. The new note on the price target was released on September 29, 2023, representing the official price target for Intuit Inc stock. Previously, the target price had yet another raise to $532, while Exane BNP Paribas analysts kept a Neutral rating on INTU stock.
The Average True Range (ATR) for Intuit Inc is set at 15.84, with the Price to Sales ratio for INTU stock in the period of the last 12 months amounting to 10.73. The Price to Book ratio for the last quarter was 9.05, with the Price to Cash per share for the same quarter was set at 16.73. Price to Free Cash Flow for INTU in the course of the last twelve months was 33.53 with Quick ratio for the last quarter at 1.50.
INTU stock trade performance evaluation
Intuit Inc [INTU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.20. With this latest performance, INTU shares dropped by -3.10% in over the last four-week period, additionally plugging by 7.58% over the last 6 months – not to mention a rise of 45.94% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for INTU stock in for the last two-week period is set at 37.66, with the RSI for the last a single of trading hit 31.13, and the three-weeks RSI is set at 41.26 for Intuit Inc [INTU]. The present Moving Average for the last 50 days of trading for this stock 634.10, while it was recorded at 655.50 for the last single week of trading, and 588.58 for the last 200 days.
Intuit Inc [INTU]: An insightful look at the core fundamentals
Intuit Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.
Earnings per share (EPS) analysis for Intuit Inc [INTU] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for INTU. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Intuit Inc go to 14.70%.
Intuit Inc [INTU]: Institutional Ownership
The top three institutional holders of INTU stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in INTU stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in INTU stock with ownership which is approximately 5.8386%.
