Do You Think It Is A Good Idea To Invest In Atlassian Corporation Plc (TEAM)?

The stock of Atlassian Corporation Plc (NASDAQ:TEAM) increased by $5.28 on Wednesday to $188.28, up 2.89 percent. The last five days have seen an average of 1,902,855 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$192.01. The average number of shares traded over the last 20 days was 1,693,504, while the average volume over the last 50 days totaled 2,088,417.

TEAM stock appreciated 4.72% since last month. On 05/25/22, the company’s shares reached a one-month low of $161.21. The stock touched a high of $483.13 on 01/03/22, after rallying from a low of $159.54 in 52 weeks. The price of TEAM stock has declined by -52.01% or -$192.01 this year, reaching a new high 1 time. Still, the stock price is down -61.03% from the 52-week high.


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Valuation Metrics

Beta for the stock is 1.06. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 16.59, the price-to-book (PB) ratio of 153.78, and the price-to-cash flow ratio of 54.82.

Financial Health

For the three months ended March 30, Atlassian Corporation Plc’s quick ratio was 1.20, while its current ratio was 1.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 4.21, and the total debt to equity ratio is 4.34. As far as profitability goes, gross margin for the trailing twelve months is 83.50% percent. Atlassian Corporation Plc’s operating margin stood at -2.00% for the same period. Based on annual data, it had gross profit of $1.75 billion and revenue of $2.09 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TEAM’s return on assets (ROA) during the last 12 months has been -23.60%. There was a 4.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -415.80%.

Earnings Surprise

According to Atlassian Corporation Plc’s quarterly financial report for the quarter that ended March 30, it had $2.6 million in total debt versus $2.33 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.09 billion, while revenues rose by 22.73% to $0.0. It was predicted that Atlassian Corporation Plc’s quarterly earnings would be $0.47, but it ended up being $0.32, beating the consensus by 46.90%. EBITDA was $6.77 million for the quarter. At the end of Atlassian Corporation Plc’s most recent quarter ended March 30, its liabilities totaled 2.82 billion, while its total debt was $1.32 billion.

Technical Picture

Here’s a quick look at Atlassian Corporation Plc’s (TEAM) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 54.70%, suggesting the stock is Neutral, with a 95.98% historical volatility rate.

The stochastic %K and %D were 51.18% and 40.56% respectively, while the average true range (ATR) was 12.71. Based on the 14-day stochastic reading of 65.17%, the RSI (14) reading is 50.43%. On the 9-day MACD Oscillator, the stock is at 4.71, and the 14-day reading is at -1.33.

Analyst Ratings

Analysts have assigned Atlassian Corporation Plc (TEAM) an Overweight rating. TEAM is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 16 others recommend it as a buy.

What is TEAM’s price target for the next 12 months?

The current consensus forecast for the stock is between $180.00 and $550.00, with a median target price of $338.00. In analyzing these forecasts, the average price target given by analysts for Atlassian Corporation Plc (TEAM) is $347.63.

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