The stock of Atlassian Corporation (TEAM) has seen a 4.09% increase in the past week, with a 3.28% gain in the past month, and a -3.69% decrease in the past quarter. The volatility ratio for the week is 3.30%, and the volatility levels for the past 30 days are at 3.04% for TEAM. The simple moving average for the last 20 days is 3.05% for TEAM stock, with a simple moving average of -10.46% for the last 200 days.
Is It Worth Investing in Atlassian Corporation (NASDAQ: TEAM) Right Now?
Additionally, the 36-month beta value for TEAM is 0.73. 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 154.93M and currently, short sellers hold a 1.89% ratio of that float. The average trading volume of TEAM on October 09, 2024 was 1.84M shares.
TEAM) stock’s latest price update
The stock price of Atlassian Corporation (NASDAQ: TEAM) has surged by 0.29 when compared to previous closing price of 167.53, but the company has seen a 4.09% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-10-08 that TEAM, Anywhere/SAN FRANCISCO–(BUSINESS WIRE)–Atlassian Corporation (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, today announced that it will release financial results for its first quarter of fiscal year 2025 ended September 30, 2024 after market close on Thursday, October 31, 2024. Atlassian will host a conference call to discuss the financial results at 2:00 P.M. Pacific Time. In conjunction with its earnings press release, Atlassian will post a shareh.
Analysts’ Opinion of TEAM
Many brokerage firms have already submitted their reports for TEAM stocks, with Raymond James repeating the rating for TEAM by listing it as a “Outperform.” The predicted price for TEAM in the upcoming period, according to Raymond James is $200 based on the research report published on October 01, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see TEAM reach a price target of $230, previously predicting the price at $200. The rating they have provided for TEAM stocks is “Buy” according to the report published on August 02nd, 2024.
Robert W. Baird gave a rating of “Neutral” to TEAM, setting the target price at $175 in the report published on August 02nd of the current year.
TEAM Trading at 5.73% 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 -35.05% of loss for the given period.
Volatility was left at 3.04%, however, over the last 30 days, the volatility rate increased by 3.30%, as shares surge +3.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.68% lower at present.
During the last 5 trading sessions, TEAM rose by +4.09%, which changed the moving average for the period of 200-days by -29.28% in comparison to the 20-day moving average, which settled at $163.04. In addition, Atlassian Corporation saw -29.36% 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 $169.00 back on Oct 07 ’24. After this action, Farquhar Scott now owns 468,932 shares of Atlassian Corporation, valued at $1,343,193 using the latest closing price.
Cannon-Brookes Michael, the CEO, Co-Founder of Atlassian Corporation, sale 7,948 shares at $169.00 during a trade that took place back on Oct 07 ’24, which means that Cannon-Brookes Michael is holding 468,932 shares at $1,343,194 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 9.81. 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
In conclusion, Atlassian Corporation (TEAM) has seen mixed 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.
