The stock of Atlassian Corporation (NASDAQ: TEAM) has decreased by -1.10 when compared to last closing price of 160.64.Despite this, the company has seen a gain of 7.29% in its stock price over the last five trading days. Barron’s reported on 11/04/22 that Twilio and Atlassian Issue Growth Warnings
Is It Worth Investing in Atlassian Corporation (NASDAQ: TEAM) Right Now?
while the 36-month beta value is 0.81.Analysts have differing opinions on the stock, with 13 analysts rating it as a “buy,” 3 as “overweight,” 10 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for Atlassian Corporation (TEAM) is $184.15, which is $27.45 above the current market price. The public float for TEAM is 144.16M, and currently, short sellers hold a 3.88% ratio of that floaft. The average trading volume of TEAM on May 26, 2023 was 2.07M shares.
TEAM’s Market Performance
The stock of Atlassian Corporation (TEAM) has seen a 7.29% increase in the past week, with a 4.71% rise in the past month, and a -2.26% fall in the past quarter. The volatility ratio for the week is 5.15%, and the volatility levels for the past 30 days are at 4.54% for TEAM. The simple moving average for the last 20 days is 9.48% for TEAM’s stock, with a simple moving average of -9.31% for the last 200 days.
TEAM Trading at 3.82% 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 -47.09% of loss for the given period.
Volatility was left at 4.54%, however, over the last 30 days, the volatility rate increased by 5.15%, as shares surge +3.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.56% upper at present.
During the last 5 trading sessions, TEAM rose by +7.29%, which changed the moving average for the period of 200-days by -43.03% in comparison to the 20-day moving average, which settled at $145.38. In addition, Atlassian Corporation saw 23.47% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TEAM starting from Cannon-Brookes Michael, who sale 8,614 shares at the price of $160.77 back on May 24. After this action, Cannon-Brookes Michael now owns 209,008 shares of Atlassian Corporation, valued at $1,384,915 using the latest closing price.
Farquhar Scott, the Co-CEO, Co-Founder of Atlassian Corporation, sale 8,614 shares at $160.77 during a trade that took place back on May 24, which means that Farquhar Scott is holding 209,008 shares at $1,384,914 based on the most recent closing price.
Stock Fundamentals for TEAM
Current profitability levels for the company are sitting at:
- -3.34 for the present operating margin
- +83.06 for the gross margin
The net margin for Atlassian Corporation stands at -21.91. The total capital return value is set at -7.33, while invested capital returns managed to touch -57.98. Equity return is now at value -40.90, with -5.10 for asset returns.
Based on Atlassian Corporation (TEAM), the company’s capital structure generated 391.68 points at debt to equity in total, while total debt to capital is 79.66. Total debt to assets is 39.11, with long-term debt to equity ratio resting at 379.57. Finally, the long-term debt to capital ratio is 77.20.
When we switch over and look at the enterprise to sales, we see a ratio of 12.31, with the company’s debt to enterprise value settled at 0.03. The receivables turnover for the company is 11.29 and the total asset turnover is 0.89. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.19.
Conclusion
In a nutshell, Atlassian Corporation (TEAM) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
