Navigating the Volatility of Atlassian Corporation’s (TEAM) Stock

The stock of Atlassian Corporation (TEAM) has seen a 1.43% increase in the past week, with a -6.30% drop in the past month, and a -17.59% decrease in the past quarter. The volatility ratio for the week is 2.20%, and the volatility levels for the past 30 days are at 3.02% for TEAM. The simple moving average for the last 20 days is -1.94% for TEAM’s stock, with a simple moving average of -1.64% for the last 200 days.

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

The stock has a 36-month beta value of 0.64. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 5 as “overweight,” 6 as “hold,” and 0 as “sell.”

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The public float for TEAM is 155.08M, and at present, short sellers hold a 2.69% of that float. On April 03, 2024, the average trading volume of TEAM was 1.74M shares.

TEAM) stock’s latest price update

Atlassian Corporation (NASDAQ: TEAM) has experienced a rise in its stock price by 1.37 compared to its previous closing price of 193.37. However, the company has seen a gain of 1.43% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-02 that Atlassian (TEAM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Analysts’ Opinion of TEAM

CapitalOne, on the other hand, stated in their research note that they expect to see TEAM reach a price target of $238. The rating they have provided for TEAM stocks is “Equal Weight” according to the report published on December 18th, 2023.

Scotiabank gave a rating of “Sector Perform” to TEAM, setting the target price at $185 in the report published on December 01st of the previous year.

TEAM Trading at -8.30% 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 -24.23% of loss for the given period.

Volatility was left at 3.02%, however, over the last 30 days, the volatility rate increased by 2.20%, as shares sank -5.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.32% lower at present.

During the last 5 trading sessions, TEAM rose by +1.43%, which changed the moving average for the period of 200-days by +8.16% in comparison to the 20-day moving average, which settled at $199.32. In addition, Atlassian Corporation saw -17.59% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at TEAM starting from Cannon-Brookes Michael, who sale 8,241 shares at the price of $193.55 back on Apr 01 ’24. After this action, Cannon-Brookes Michael now owns 506,547 shares of Atlassian Corporation, valued at $1,595,062 using the latest closing price.

Farquhar Scott, the Co-CEO, Co-Founder of Atlassian Corporation, sale 8,241 shares at $193.55 during a trade that took place back on Apr 01 ’24, which means that Farquhar Scott is holding 506,547 shares at $1,595,061 based on the most recent closing price.

Stock Fundamentals for TEAM

Current profitability levels for the company are sitting at:

  • -0.07 for the present operating margin
  • 0.82 for the gross margin

The net margin for Atlassian Corporation stands at -0.1. The total capital return value is set at -0.12. Equity return is now at value -51.85, with -9.53 for asset returns.

Based on Atlassian Corporation (TEAM), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.85. The debt to equity ratio resting at 1.4. The interest coverage ratio of the stock is -8.11.

Currently, EBITDA for the company is -220.07 million with net debt to EBITDA at 1.23. When we switch over and look at the enterprise to sales, we see a ratio of 13.01. The receivables turnover for the company is 7.39for trailing twelve months and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.

Conclusion

To sum up, Atlassian Corporation (TEAM) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.

Related Posts