The stock of Atlassian Corporation (TEAM) has gone down by -0.35% for the week, with a 26.76% rise in the past month and a 54.37% rise in the past quarter. The volatility ratio for the week is 3.27%, and the volatility levels for the past 30 days are 3.13% for TEAM. The simple moving average for the last 20 days is 10.97% for TEAM stock, with a simple moving average of 33.42% for the last 200 days.
Is It Worth Investing in Atlassian Corporation (NASDAQ: TEAM) Right Now?
The 36-month beta value for TEAM is also noteworthy at 0.74. There are mixed opinions on the stock, with 14 analysts rating it as a “buy,” 6 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
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The public float for TEAM is 155.79M, and at present, short sellers hold a 2.13% of that float. The average trading volume of TEAM on November 19, 2024 was 2.03M shares.
TEAM) stock’s latest price update
Atlassian Corporation (NASDAQ: TEAM)’s stock price has increased by 2.40 compared to its previous closing price of 238.69. However, the company has seen a -0.35% decrease in its stock price over the last five trading sessions. investors.com reported 2024-11-16 that Two software makers embracing AI are among five stocks near buy points as the Trump rally wavers. Just one is in a buy zone now.
Analysts’ Opinion of TEAM
Many brokerage firms have already submitted their reports for TEAM stocks, with KeyBanc Capital Markets repeating the rating for TEAM by listing it as a “Overweight.” The predicted price for TEAM in the upcoming period, according to KeyBanc Capital Markets is $260 based on the research report published on November 01, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see TEAM reach a price target of $255, previously predicting the price at $177. The rating they have provided for TEAM stocks is “Market Perform” according to the report published on November 01st, 2024.
Raymond James gave a rating of “Outperform” to TEAM, setting the target price at $200 in the report published on October 01st of the current year.
TEAM Trading at 27.90% 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 -5.51% of loss for the given period.
Volatility was left at 3.13%, however, over the last 30 days, the volatility rate increased by 3.27%, as shares surge +26.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +50.89% upper at present.
During the last 5 trading sessions, TEAM fell by -0.19%, which changed the moving average for the period of 200-days by +13.85% in comparison to the 20-day moving average, which settled at $220.29. In addition, Atlassian Corporation saw 2.76% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TEAM starting from RAJEEV RAJAN, who proposed sale 1,295 shares at the price of $240.04 back on Nov 18 ’24. After this action, RAJEEV RAJAN now owns shares of Atlassian Corporation, valued at $310,852 using the latest closing price.
BHARADWAJ ANUTTHARA, the President of Atlassian Corporation, sale 1,520 shares at $244.73 during a trade that took place back on Nov 15 ’24, which means that BHARADWAJ ANUTTHARA is holding 215,170 shares at $371,990 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 -0.09. The total capital return value is set at -0.05. Equity return is now at value -43.52, with -8.65 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 1.32. The debt to equity ratio resting at 1.0. The interest coverage ratio of the stock is -3.91.
Currently, EBITDA for the company is 57.35 million with net debt to EBITDA at 232.14. When we switch over and look at the enterprise to sales, we see a ratio of 13.85. The receivables turnover for the company is 9.44for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.18.
Conclusion
In summary, Atlassian Corporation (TEAM) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
