Intuit Stock Hits Day Low of $653.72 Amid Price Pressure

Intuit, Inc. experienced a notable decline today, with the stock dropping by 3.08% and reaching an intraday low of USD 653.72. This performance comes amid broader market trends, as the S&P 500 recorded a decrease of 1.17% on the same day. Over the past week, Intuit's stock has fallen by 3.48%, while its monthly performance shows a decline of 3.62%.
Despite the recent downturn, Intuit has demonstrated strong long-term fundamentals, with a robust average Return on Capital Employed (ROCE) of 21.06%. The company has consistently reported positive results for the last seven consecutive quarters, showcasing significant growth in pre-tax profit and operating cash flow. Intuit's net sales have increased at an annual rate of 19.65%, and its operating profit has grown by 17.80%.

With a market capitalization of USD 187,268 million, Intuit maintains a low debt-to-equity ratio of 0.08, indicating financial stability. The stock's performance over the past year has yielded a return of 5.87%, although it has underperformed compared to the S&P 500's 18.54% return during the same period.