Atlassian Corporation (NASDAQ: TEAM)’s stock price has plunge by -1.95relation to previous closing price of 176.57. Nevertheless, the company has seen a -2.86% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-31 that Atlassian Corporation is a strong buy due to market leadership, cloud-first strategy, and innovation-led growth. The company’s focus on enterprise customers, AI-driven products, and efficient go-to-market approach positions it well for future growth. Valuation analysis suggests a fair share price of $221.33, implying a 32.05% upside for investors.
Is It Worth Investing in Atlassian Corporation (NASDAQ: TEAM) Right Now?
Additionally, the 36-month beta value for TEAM is 0.75. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 5 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
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The public float for TEAM is 157.37M and currently, short sellers hold a 2.44% ratio of that float. The average trading volume of TEAM on August 01, 2024 was 1.61M shares.
TEAM’s Market Performance
TEAM’s stock has seen a -2.86% decrease for the week, with a -5.02% drop in the past month and a 0.21% gain in the past quarter. The volatility ratio for the week is 3.72%, and the volatility levels for the past 30 days are at 3.42% for Atlassian Corporation The simple moving average for the past 20 days is -2.75% for TEAM’s stock, with a -11.42% simple moving average for the past 200 days.
Analysts’ Opinion of TEAM
Many brokerage firms have already submitted their reports for TEAM stocks, with CapitalOne repeating the rating for TEAM by listing it as a “Overweight.” The predicted price for TEAM in the upcoming period, according to CapitalOne is $211 based on the research report published on July 11, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see TEAM reach a price target of $225, previously predicting the price at $200. The rating they have provided for TEAM stocks is “Overweight” according to the report published on July 02nd, 2024.
Barclays gave a rating of “Overweight” to TEAM, setting the target price at $275 in the report published on April 11th of the current year.
TEAM Trading at 1.43% 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 -33.08% of loss for the given period.
Volatility was left at 3.42%, however, over the last 30 days, the volatility rate increased by 3.72%, as shares sank -3.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.49% lower at present.
During the last 5 trading sessions, TEAM fell by -1.61%, which changed the moving average for the period of 200-days by -6.88% in comparison to the 20-day moving average, which settled at $177.68. In addition, Atlassian Corporation saw -27.22% 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 7,948 shares at the price of $174.78 back on Jul 30 ’24. After this action, Cannon-Brookes Michael now owns 341,764 shares of Atlassian Corporation, valued at $1,389,171 using the latest closing price.
Farquhar Scott, the Co-CEO, Co-Founder of Atlassian Corporation, sale 7,948 shares at $174.78 during a trade that took place back on Jul 30 ’24, which means that Farquhar Scott is holding 341,764 shares at $1,389,170 based on the most recent closing price.
Stock Fundamentals for TEAM
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.82 for the gross margin
The net margin for Atlassian Corporation stands at -0.04. The total capital return value is set at -0.04. 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 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 1.28. The debt to equity ratio resting at 0.9. The interest coverage ratio of the stock is -2.87.
Currently, EBITDA for the company is -220.07 million with net debt to EBITDA at -37.02. When we switch over and look at the enterprise to sales, we see a ratio of 10.64. The receivables turnover for the company is 6.45for trailing twelve months and the total asset turnover is 0.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.18.
Conclusion
In conclusion, Atlassian Corporation (TEAM) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
