Atlassian Corporation Plc (TEAM) Downgrade Issued by Wall Street Gurus – News Heater
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Atlassian Corporation Plc (TEAM) Downgrade Issued by Wall Street Gurus

Atlassian Corporation Plc (NASDAQ:TEAM) went down by -6.46% from its latest closing price compared to the recent 1-year high of $483.13. The company’s stock price has collected -27.87% of loss in the last five trading sessions. Barron’s reported on 04/29/22 that Atlassian Stock Falls on Profit Guidance Miss. But Analysts Note Demand Strength.

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

Plus, the 36-month beta value for TEAM is at 1.07. Opinions of the stock are interesting as 16 analysts out of 23 who provided ratings for Atlassian Corporation Plc declared the stock was a “buy,” while 1 rated the stock as “overweight,” 6 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $365.26, which is $215.47 above the current price. TEAM currently public float of 28.93M and currently shorts hold a 8.86% ratio of that float. Today, the average trading volume of TEAM was 1.98M shares.

TEAM’s Market Performance

TEAM stocks went down by -27.87% for the week, with a monthly drop of -37.68% and a quarterly performance of -49.56%, while its annual performance rate touched -24.38%. The volatility ratio for the week stands at 10.50% while the volatility levels for the past 30 days are set at 7.51% for Atlassian Corporation Plc. The simple moving average for the period of the last 20 days is -29.61% for TEAM stocks with a simple moving average of -50.18% for the last 200 days.

Analysts’ Opinion of TEAM

Many brokerage firms have already submitted their reports for TEAM stocks, with Citigroup repeating the rating for TEAM by listing it as a “Buy.” The predicted price for TEAM in the upcoming period, according to Citigroup is $430 based on the research report published on January 25th of the current year 2022.

KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see TEAM reach a price target of $442. The rating they have provided for TEAM stocks is “Overweight” according to the report published on December 22nd, 2021.

Goldman gave a rating of “Neutral” to TEAM, setting the target price at $375 in the report published on December 16th of the previous year.

TEAM Trading at -36.27% 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 -64.96% of loss for the given period.

Volatility was left at 7.51%, however, over the last 30 days, the volatility rate increased by 10.50%, as shares sank -36.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -44.91% lower at present.

During the last 5 trading sessions, TEAM fell by -27.87%, which changed the moving average for the period of 200-days by -36.11% in comparison to the 20-day moving average, which settled at $235.54. In addition, Atlassian Corporation Plc saw -55.60% 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 -415.80, with -23.60 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.

When we switch over and look at the enterprise to sales, we see a ratio of 17.51, 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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