Digging Up the Facts on Intuit Inc. (INTU)

Intuit Inc. (INTU) is an interesting player in the Technology space, with a focus on Application Software. The stock has been active on the tape, currently trading at $137.90, up from yesterday’s close by 0.40%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Money managers are always interested in a company that can find the right recipe of fundamental data because it reflects something important going on underneath the surface. Intuit Inc. (INTU) currently trades with a market capitalization of $34.87 Billion.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For INTU, the company currently has $529 Million of cash on the books, which is offset by $50 Million current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $1.37 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $-0.2 on a per share basis this quarter. Perhaps, that suggests something about why 84.03% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Intuit Inc. recorded a 52-week high of $143.81. It is now trading 5.91% off that level. The stock is trading $135.81 its 50-day moving average by -2.09%. The stock carved out a 52-week low down at $103.22.

In recent action, Intuit Inc. (INTU) has made a move of +0.50% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 12.73, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.08% with $243.85 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of INTU.

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