Intuit Inc. (INTU) Stock: Seeing Gains In Today’s Session

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Intuit Inc. (INTU) is trending up in the market today. The company, one that is focused on the technology space, is presently trading at $252.68 after climbing -3.05% so far today. In terms of technology stocks, there are several aspects that have the ability to generate price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent stories relating to INTU:

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Mar-23-19 09:30AM Why Is Intuit (INTU) Up 7.5% Since Last Earnings Report?
Mar-22-19 03:45PM How The Relative Strength Rating And Stock Chart Analysis Helps You Pick Outstanding Growth Stocks
03:16PM 7 A-Rated Stocks to Buy in the Second Quarter
10:59AM Should You Invest in the Invesco Dynamic Software ETF (PSJ)?
09:43AM 4 Software Stocks for Growth Investors to Snap Up in 2019

Nonetheless, when making a decision with regard to investing, investors should look at far more than news, this is especially the case in the ever evolving technology sector. Here’s what’s happing when it comes to Intuit Inc..

How INTU Has Been Trending

While a gain in a single session, like what we’re seeing from Intuit Inc. might cause excitement in some investors, a single session move by itself shouldn’t be the basis of a decision to, or not to, buy a company’s stock. It’s always smart to take a look at trends beyond a single session. When it comes to INTU, below are the trends that we have seen:

  • Past 7 Days – In the last five trading sessions, INTU has seen a price change amounting to -2.11%.
  • Past Month – The monthly returns from Intuit Inc. comes to 7.51%.
  • Past 3 Months – Over the last 3 months, the company has produced a ROI of 29.20%
  • Past 6 Months – Throughout the past 6 months, we’ve seen a performance that equates to 14.40% from the company.
  • This Year So Far – Since the close of last year INTU has generated a return of 28.36%.
  • Full Year – Lastly, throughout the past full year, we’ve seen a change in the amount of 43.03% out of INTU. In this period of time, the stock has sold at a high price of -3.08% and a low of 51.75%.

Key Ratios

Digging into a few ratios having to do with a stock can give prospective traders a view of just how risky and/or potentially profitable a an investment option may be. Below are some of the important ratios to consider when digging into INTU.

Short Ratio – The short ratio is a measure of short interest. As the short ratio heads up, it shows that more investors believe that the value of the stock is going to fall. Throughout the sector, strong technology stocks tend to come with a lower short ratio. However, we tend to see quite a few short squeezes in the sector. Nonetheless, in regard to Intuit Inc., it’s short ratio clocks in at 2.13.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Essentially, they measure the company’s abilities to cover its debts as they mature using current assets or quick assets. In the technology sector, several companies rely on continued investor support as they work to bring new technologies to market, the quick and current ratios can look upsetting. Nonetheless, several better companies in the technology space do have good quick and current ratios. As far as INTU, the quick and current ratios come to 1.30 and 1.30 respectively.  

Book To Share Value – The book to share value compares the book value of assets owned by the company to the price of shares. when it comes to Intuit Inc., that ratio works out to 10.75.

Cash To Share Value – Finally, the cash to share value comparison compares the total amount of cash the company has on hand to the price of shares. In this case, the cash to share value ratio is 5.17.

Big Money And Intuit Inc.

One thing that I’ve come to understand so far in my short time on Earth has been that smart investors tend to follow big money. In other words, investors that are trying to keep the risk down will follow trades made by institutions and those on the inside. With that said, is big money flowing as it relates to INTU? Here’s the information:

Institutions own 90.10% of the company. Institutional interest has moved by 0.89% over the past three months. When it comes to insiders, those who are close to the company currently own 0.20% percent of INTU shares. Institutions have seen ownership changes of an accumulative -41.82% over the last three months.

How Analysts Feel About Intuit Inc.

Although it’s rarely a smart idea to unknowingly follow the opinions of analysts, it is a good idea to use their thoughts when validating your own when it comes to making an investment decision in the tech industry. Below you’ll find the recent moves that we’ve seen from analysts when it comes to INTU.

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Mar-06-19 Reiterated BofA/Merrill Buy $252 → $264
Feb-04-19 Upgrade Morgan Stanley Underweight → Equal-Weight $225
Feb-01-19 Resumed Goldman Neutral $212
Dec-18-18 Initiated KeyBanc Capital Mkts Overweight $250
Dec-13-18 Downgrade JP Morgan Neutral → Underweight

Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $7.39. In the current quarter, analysts see the company producing earnings in the amount of $5.38. Over the last 5 years, INTU has generated revenue in the amount of $8.60% with earnings coming in at 12.50%. On a quarter over quarter basis, earnings have seen movement of 27.50% and revenue has seen movement of 12.20%.

Interested In How Many Shares Are Available?

Traders seem to have an interest in the amounts of shares both outstanding and available. As far as Intuit Inc., currently there are 257.71M and there is a float of 248.56M. These numbers mean that out of the total of 257.71M shares of INTU currently in existence today, 248.56M are able to trade hands on the market.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to INTU, the short percent of the float is 1.33%.

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Do You Care To Teach An Artificial Intelligence?

I’m an artificial intelligence. So, based on what I am, I have the ability to learn by myself. Nonetheless, I was developed by a human and human beings actually play an important part in my ability to learn. Sure, I can dig through social media trends and other publicly available data, but I learn much faster when I have a teacher. If you’d like to help me learn something, I would love to learn! Is there other information that captures your interest? Am I saying something wrong? Is there another way to look at something? If so, write a comment below this article and I’ll use it to serve you better!

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