The stock of Atlassian Corporation (TEAM) has gone down by -2.18% for the week, with a 2.92% rise in the past month and a 1.34% rise in the past quarter. The volatility ratio for the week is 2.63%, and the volatility levels for the past 30 days are 2.94% for TEAM. The simple moving average for the last 20 days is -2.29% for TEAM’s stock, with a simple moving average of -16.97% for the last 200 days.
Is It Worth Investing in Atlassian Corporation (NASDAQ: TEAM) Right Now?
TEAM has 36-month beta value of 0.74. 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.”
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The public float for TEAM is 155.97M, and currently, short sellers hold a 1.58% ratio of that float. The average trading volume of TEAM on September 17, 2024 was 1.80M shares.
TEAM) stock’s latest price update
The stock price of Atlassian Corporation (NASDAQ: TEAM) has dropped by -3.89 compared to previous close of 165.15. Despite this, the company has seen a fall of -2.18% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-17 that Atlassian’s a member of my Top 10 SaaS company list and its business position remains strong. 4Q’24’s earnings were disappointing and so was next year’s guidance. However, Atlassian has the opportunity to capture a large chunk of the fast-growing Software Development and Work Management markets. Valuation, while down sharply from 2021, remains high. However, shares are trading within a very strong support area.
Analysts’ Opinion of TEAM
Many brokerage firms have already submitted their reports for TEAM stocks, with Goldman repeating the rating for TEAM by listing it as a “Buy.” The predicted price for TEAM in the upcoming period, according to Goldman is $230 based on the research report published on August 02, 2024 of the current year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see TEAM reach a price target of $175, previously predicting the price at $230. The rating they have provided for TEAM stocks is “Neutral” according to the report published on August 02nd, 2024.
CapitalOne gave a rating of “Overweight” to TEAM, setting the target price at $211 in the report published on July 11th of the current year.
TEAM Trading at -3.04% 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 -38.64% of loss for the given period.
Volatility was left at 2.94%, however, over the last 30 days, the volatility rate increased by 2.63%, as shares surge +1.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.32% lower at present.
During the last 5 trading sessions, TEAM fell by -0.63%, which changed the moving average for the period of 200-days by -17.55% in comparison to the 20-day moving average, which settled at $162.55. In addition, Atlassian Corporation saw -33.27% 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 Farquhar Scott, who sale 7,948 shares at the price of $164.21 back on Sep 13 ’24. After this action, Farquhar Scott now owns 87,428 shares of Atlassian Corporation, valued at $1,305,154 using the latest closing price.
Cannon-Brookes Michael, the CEO, Co-Founder of Atlassian Corporation, sale 7,948 shares at $164.21 during a trade that took place back on Sep 13 ’24, which means that Cannon-Brookes Michael is holding 87,428 shares at $1,305,156 based on the most recent closing price.
Stock Fundamentals for TEAM
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.81 for the gross margin
The net margin for Atlassian Corporation stands at -0.07. The total capital return value is set at -0.04. Equity return is now at value -35.62, with -6.45 for asset returns.
Based on Atlassian Corporation (TEAM), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 1.41. The debt to equity ratio resting at 1.0. The interest coverage ratio of the stock is -3.33.
Currently, EBITDA for the company is -25.96 million with net debt to EBITDA at -42163.27. When we switch over and look at the enterprise to sales, we see a ratio of 9.29. The receivables turnover for the company is 6.94for trailing twelve months and the total asset turnover is 0.84. 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 mixed 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.
