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Is a Correction Looming Ahead for Atlassian Corporation Plc (TEAM)

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Atlassian Corporation Plc (NASDAQ:TEAM) went up by 1.79% from its latest closing price compared to the recent 1-year high of $483.13. The company’s stock price has collected 2.87% of gains in the last five trading sessions. Press Release reported on 01/10/22 that Atlassian Announces Date for Second Quarter of Fiscal Year 2022 Financial Results

Is It Worth Investing in Atlassian Corporation Plc (NASDAQ :TEAM) Right Now?

Plus, the 36-month beta value for TEAM is at 0.89. Opinions of the stock are interesting as 15 analysts out of 24 who provided ratings for Atlassian Corporation Plc declared the stock was a “buy,” while 2 rated the stock as “overweight,” 7 rated it as “hold,” and 0 as “sell.”

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TEAM currently public float of 24.97M and currently shorts hold a 11.59% ratio of that float. Today, the average trading volume of TEAM was 1.30M shares.

TEAM’s Market Performance

TEAM stocks went up by 2.87% for the week, with a monthly drop of -13.34% and a quarterly performance of -21.24%, while its annual performance rate touched 39.47%. The volatility ratio for the week stands at 6.53% while the volatility levels for the past 30 days are set at 5.62% for Atlassian Corporation Plc. The simple moving average for the period of the last 20 days is -9.53% for TEAM stocks with a simple moving average of -0.59% for the last 200 days.

Analysts’ Opinion of TEAM

Many brokerage firms have already submitted their reports for TEAM stocks, with KeyBanc Capital Markets repeating the rating for TEAM by listing it as a “Overweight.” The predicted price for TEAM in the upcoming period, according to KeyBanc Capital Markets is $442 based on the research report published on December 22nd of the previous year 2021.

Goldman, on the other hand, stated in their research note that they expect to see TEAM reach a price target of $375. The rating they have provided for TEAM stocks is “Neutral” according to the report published on December 16th, 2021.

Wolfe Research gave a rating of “Outperform” to TEAM, setting the target price at $500 in the report published on October 29th of the previous year.

TEAM Trading at -17.32% from the 50-Day Moving Average

After a stumble in the market that brought TEAM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.64% of loss for the given period.

Volatility was left at 5.62%, however, over the last 30 days, the volatility rate increased by 6.53%, as shares sank -8.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.78% lower at present.

During the last 5 trading sessions, TEAM rose by +2.87%, which changed the moving average for the period of 200-days by +56.82% in comparison to the 20-day moving average, which settled at $352.81. In addition, Atlassian Corporation Plc saw -15.92% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for TEAM

Current profitability levels for the company are sitting at:

  • +3.24 for the present operating margin
  • +83.40 for the gross margin

The net margin for Atlassian Corporation Plc stands at -33.33. The total capital return value is set at 5.15, while invested capital returns managed to touch -105.97. Equity return is now at value -506.10, with -32.50 for asset returns.

Based on Atlassian Corporation Plc (TEAM), the company’s capital structure generated 205.26 points at debt to equity in total, while total debt to capital is 67.24. Total debt to assets is 20.55, with long-term debt to equity ratio resting at 72.60. Finally, the long-term debt to capital ratio is 23.78.

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When we switch over and look at the enterprise to sales, we see a ratio of 35.20, with the company’s debt to enterprise value settled at 0.01. The receivables turnover for the company is 13.41 and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.70.

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