Atlassian Corporation (NASDAQ: TEAM)’s stock price has gone rise by 4.30 in comparison to its previous close of 236.24, however, the company has experienced a -3.23% decrease in its stock price over the last five trading days. zacks.com reported 2025-01-14 that Though TEAM benefits from the ongoing digital transformation trend, softening IT spending amid macroeconomic uncertainties warrants a cautious approach.
Is It Worth Investing in Atlassian Corporation (NASDAQ: TEAM) Right Now?
Additionally, the 36-month beta value for TEAM is 0.85. There are mixed opinions on the stock, with 14 analysts rating it as a “buy,” 7 rating it as “overweight,” 11 rating it as “hold,” and 0 rating it as “sell.”
The public float for TEAM is 155.41M and currently, short sellers hold a 2.68% ratio of that float. The average trading volume of TEAM on January 15, 2025 was 2.13M shares.
TEAM’s Market Performance
TEAM stock saw a decrease of -3.23% in the past week, with a monthly decline of -10.29% and a quarterly a decrease of 31.72%. The volatility ratio for the week is 3.68%, and the volatility levels for the last 30 days are 3.34% for Atlassian Corporation (TEAM).. The simple moving average for the past 20 days is -2.49% for TEAM’s stock, with a 27.67% simple moving average for the past 200 days.
Analysts’ Opinion of TEAM
Many brokerage firms have already submitted their reports for TEAM stocks, with BMO Capital Markets repeating the rating for TEAM by listing it as a “Outperform.” The predicted price for TEAM in the upcoming period, according to BMO Capital Markets is $292 based on the research report published on January 10, 2025 of the current year 2025.
Truist, on the other hand, stated in their research note that they expect to see TEAM reach a price target of $300, previously predicting the price at $250. The rating they have provided for TEAM stocks is “Buy” according to the report published on January 07th, 2025.
Macquarie gave a rating of “Neutral” to TEAM, setting the target price at $290 in the report published on December 12th of the previous year.
TEAM Trading at -2.26% 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 -14.44% of loss for the given period.
Volatility was left at 3.34%, however, over the last 30 days, the volatility rate increased by 3.68%, as shares sank -11.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.38% upper at present.
During the last 5 trading sessions, TEAM fell by -3.23%, which changed the moving average for the period of 200-days by +27.58% in comparison to the 20-day moving average, which settled at $252.68. In addition, Atlassian Corporation saw 1.24% 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 Cannon-Brookes Michael, who sale 7,948 shares at the price of $236.89 back on Jan 13 ’25. After this action, Cannon-Brookes Michael now owns 421,244 shares of Atlassian Corporation, valued at $1,882,820 using the latest closing price.
Farquhar Scott, the Director of Atlassian Corporation, sale 7,948 shares at $236.89 during a trade that took place back on Jan 13 ’25, which means that Farquhar Scott is holding 421,244 shares at $1,882,819 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 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 1.1. The debt to equity ratio resting at 1.21. 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 13.92. 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 conclusion, Atlassian Corporation (TEAM) has seen mixed performance in recent times. Analysts have a bullish 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.
