Atlassian Corporation (NASDAQ: TEAM)’s stock price has plunge by -9.56relation to previous closing price of 198.41. Nevertheless, the company has seen a -6.32% plunge in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-26 that Atlassian’s growth was strong in its most recent fiscal quarter. The company is going through a leadership change, and analysts didn’t like the composition of its revenues.
Is It Worth Investing in Atlassian Corporation (NASDAQ: TEAM) Right Now?
TEAM has 36-month beta value of 0.63. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 5 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for TEAM is 155.37M, and currently, short sellers hold a 2.83% ratio of that float. The average trading volume of TEAM on April 29, 2024 was 1.77M shares.
TEAM’s Market Performance
TEAM’s stock has seen a -6.32% decrease for the week, with a -7.09% drop in the past month and a -27.58% fall in the past quarter. The volatility ratio for the week is 4.14%, and the volatility levels for the past 30 days are at 3.49% for Atlassian Corporation The simple moving average for the past 20 days is -9.23% for TEAM’s stock, with a -11.09% simple moving average for the past 200 days.
Analysts’ Opinion of TEAM
Many brokerage firms have already submitted their reports for TEAM stocks, with Barclays repeating the rating for TEAM by listing it as a “Overweight.” The predicted price for TEAM in the upcoming period, according to Barclays is $275 based on the research report published on April 11, 2024 of the current year 2024.
CapitalOne gave a rating of “Equal Weight” to TEAM, setting the target price at $238 in the report published on December 18th of the previous year.
TEAM Trading at -10.75% 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 -30.63% of loss for the given period.
Volatility was left at 3.49%, however, over the last 30 days, the volatility rate increased by 4.14%, as shares sank -8.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.88% lower at present.
During the last 5 trading sessions, TEAM fell by -6.32%, which changed the moving average for the period of 200-days by +2.34% in comparison to the 20-day moving average, which settled at $196.92. In addition, Atlassian Corporation saw -24.56% 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 $197.53 back on Apr 25 ’24. After this action, Cannon-Brookes Michael now owns 358,209 shares of Atlassian Corporation, valued at $1,627,835 using the latest closing price.
Farquhar Scott, the Co-CEO, Co-Founder of Atlassian Corporation, sale 8,241 shares at $197.53 during a trade that took place back on Apr 25 ’24, which means that Farquhar Scott is holding 358,209 shares at $1,627,835 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 -18.94, with -3.65 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 11.91. 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 1.18.
Conclusion
To put it simply, Atlassian Corporation (TEAM) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
