INTU Stock Summary and Trading Ideas (Intuit | NASDAQ:INTU)

Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Founded in the mid-1980s, Intuit controls the majority of U.S. market share for small-business accounting and do-it-yourself tax-filing software.

Intuit trades on the NASDAQ stock market under the symbol INTU.

As of April 19, 2024, INTU stock price declined to $605.17 with 1,517,460 million shares trading.

INTU has a beta of 1.58, meaning it tends to be more sensitive to market movements. INTU has a correlation of 0.57 to the broad based SPY ETF.

INTU has a market cap of $169.48 billion. This is considered a Large Cap stock.

Last quarter Intuit reported $3 billion in Revenue and $2.63 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.33.

In the last 3 years, INTU stock traded as high as $716.86 and as low as $339.36.

The top ETF exchange traded funds that INTU belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.

INTU has outperformed the market in the last year with a return of +36.6%, while the SPY ETF gained +21.2%. However, in the most recent history, INTU shares have underperformed the stock market with its stock returning -2.6% in the last 3 month period and -4.7% for the last 2 week period, while SPY has returned +3.0% and -4.5%, respectively.

INTU support price is $599.19 and resistance is $617.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that INTU stock will trade within this expected range on the day.