Atlassian Corporation (NASDAQ: TEAM)’s stock price has gone rise by 0.54 in comparison to its previous close of 192.83, however, the company has experienced a 1.56% increase in its stock price over the last five trading days. fool.com reported 2024-10-11 that Atlassian stock might not be “cheap” exactly — but it’s a lot cheaper than the alternatives.
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 155.09M, and currently, short sellers hold a 2.15% ratio of that float. The average trading volume of TEAM on October 23, 2024 was 1.94M shares.
TEAM’s Market Performance
The stock of Atlassian Corporation (TEAM) has seen a 1.56% increase in the past week, with a 19.69% rise in the past month, and a 15.67% gain in the past quarter. The volatility ratio for the week is 3.00%, and the volatility levels for the past 30 days are at 3.32% for TEAM. The simple moving average for the past 20 days is 10.06% for TEAM’s stock, with a 4.60% simple moving average for the past 200 days.
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 16.43% 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 -25.06% of loss for the given period.
Volatility was left at 3.32%, however, over the last 30 days, the volatility rate increased by 3.00%, as shares surge +19.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +37.94% upper at present.
During the last 5 trading sessions, TEAM rose by +1.56%, which changed the moving average for the period of 200-days by -14.25% in comparison to the 20-day moving average, which settled at $176.15. In addition, Atlassian Corporation saw -18.49% 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 $192.18 back on Oct 21 ’24. After this action, Cannon-Brookes Michael now owns 389,452 shares of Atlassian Corporation, valued at $1,527,435 using the latest closing price.
Farquhar Scott, the Director of Atlassian Corporation, sale 7,948 shares at $192.18 during a trade that took place back on Oct 21 ’24, which means that Farquhar Scott is holding 389,452 shares at $1,527,435 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 11.35. 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 better 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.
