As of Friday close, Atlassian Corporation Plc’s (NASDAQ:TEAM) stock was up $20.66, moving up 12.28 percent to $188.90. The average number of shares traded per day over the past five days has been 3,569,480 shares. 1 time new highs have been achieved over the past 5 days, with a -$13.36 fall in that time frame. In the last twenty days, the average volume was 2,442,090, while in the previous 50 days, it was 2,157,238.
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Since last month, TEAM stock retreated -32.62%. Shares of the company fell to $161.04 on 05/12/22, the lowest level in the past month. A 52-week high of $483.13 was reached on 01/03/22 after having rallying from a 52-week low of $161.04. Since the beginning of this year, TEAM’s stock price has dropped by -50.46% or -$192.39, and marked a new high 1 time. However, the stock has declined by -60.90% since its 52-week high.
The stock’s beta is 1.07. Besides these, the trailing price-to-sales (P/S) ratio of 19.40, the price-to-book (PB) ratio of 158.74, and the price-to-cash flow ratio of 64.11 may also be considered.
In the three months ended September 29, Atlassian Corporation Plc’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 4.21, and the total debt-to-equity ratio was 4.34. On the profitability front, the trailing twelve-month gross margin is 83.50% percent. In the year ended September 29, operating margins totaled -2.00%. Based on annual data, TEAM earned $1.75 billion in gross profit and brought in $2.09 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.40%. Return on equity (ROE) for the past 12 months was -415.80%.
In Atlassian Corporation Plc’s quarter-end financial report for September 29, it reported total debt of $2.6 million against cash and short-term investments of $2.33 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TEAM’s revenue rose 22.73% during the quarter, while net income inched up to $2.09 billion. While analysts expected Atlassian Corporation Plc to report $0.4 quarterly earnings, the actual figure was $0.46 per share, beating the consensus estimate by 15.00%. During the quarter, the company generated $6.77 million in EBITDA. The liabilities of Atlassian Corporation Plc were 2.82 billion at the end of its most recent quarter ended September 29, and its total debt was $1.26 billion.
This quick technical analysis looks at Atlassian Corporation Plc’s (TEAM) price momentum. With a historical volatility rate of 103.36%, the RSI 9-day stood at 37.28% on 13 May.
With respect to its five-day moving average, the current Atlassian Corporation Plc price is down by -6.61% percent or -$13.36. At present, TEAM shares trade -28.81% below its 20-day simple moving average and -44.98% percent below its 100-day simple moving average. However, the stock is currently trading approximately -34.15% below its SMA50 and -29.20% below its SMA200.
Stochastic coefficient K was 12.38% and Stochastic coefficient D was 7.34%, while ATR was 18.92. Given the Stochastic reading of 27.21% for the 14-day period, the RSI (14) reading has been calculated as 36.83%. As of today, the MACD Oscillator reading stands at -20.52, while the 14-day reading stands at -36.72.
Atlassian Corporation Plc (TEAM) has been rated Overweight by analysts. According to 0 brokerage firms, TEAM is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Atlassian Corporation Plc stock as buy, with 16 recommending it as overweight.
With a median target price of $350.00, the current consensus forecast for the stock is $220.00 – $550.00. Based on these forecasts, analysts predict Atlassian Corporation Plc (TEAM) will achieve an average price target of $365.26.