The Insider Activity Of Atlassian Corporation Plc (TEAM) Is Worth Monitoring

SNOW Stock
SNOW Stock

Atlassian Corporation Plc (NASDAQ:TEAM) traded with a subtraction of -$8.85 to $223.45 on Thursday, a downside of -3.81 percent. An average of 1,268,460 shares of common stock have been traded in the last five days. There was a fall of -$29.28 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 1,345,870 shares traded, while the 50-day average volume stands at 1,743,194.

TEAM stock has decreased by -10.12% in the last month. The company shares reached their 1-month lowest point of $222.35 on 09/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $159.54 and a high of $483.13 in 52 weeks. It has reached a new high 1 time so far this year and lost -39.08% or -$157.68 in price. In spite of this, the price is down -53.75% from the 52-week high.

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Valuation Metrics

Atlassian Corporation Plc (TEAM) stock’s beta is 0.94. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 12.60, the price-to-book (PB) ratio at 175.98, and the price-to-cash flow ratio at 43.09.

Financial Health

The quick ratio of Atlassian Corporation Plc for the three months ended June 29 was 1.20, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 3.80 and a total debt to equity ratio of 3.92 for the quarter ending June 29. Its gross profit as reported stood at $2.34 billion compared to revenue of $2.8 billion.

Earnings Surprise

For the three-month period that ended June 29, Atlassian Corporation Plc had $2.33 million in cash and short-term investments compared to $2.6 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$614.12 million in the quarter, while revenues were grew 42.9%. The analyst consensus anticipated Atlassian Corporation Plc’s latest quarter earnings to come in at $0.27 per share, but it turned out to be $0.27, a 0.00% surprise. For the quarter, EBITDA amounted to -$38.64 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Atlassian Corporation Plc (TEAM) price momentum. RSI 9-day as of the close on 21 September was 31.23%, suggesting the stock is Neutral, with historical volatility in this time frame at 41.34%.

As of today, TEAM’s price is $235.12 -11.58% or -$29.28 from its 5-day moving average. TEAM is currently trading -13.55% lower than its 20-day SMA and -0.54% lower than its 100-day SMA. However, the stock’s current price level is +14.98% above the SMA50 and -36.73% below the SMA200.

The stochastic %K and %D were 12.03% and 22.88%, respectively, and the average true range (ATR) was 11.26. With the 14-day stochastic at 2.96% and the average true range at 11.56, the RSI (14) stands at 38.10%. The stock has reached -13.83 on the 9-day MACD Oscillator while the 14-day reading was at -12.10.

Analyst Ratings

Bernstein launched coverage on Atlassian Corporation Plc (NASDAQ: TEAM) in its analyst report released on July 20, 2022. The firm assigned the stock an Outperform rating. The consensus rating for Atlassian Corporation Plc (TEAM) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TEAM, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 16 others rate it as a “buy”.

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

Analysts predict a range of price targets between $250.00 and $550.00, with a median target of $304.00. Taking a look at these predictions, the average price target given by analysts for Atlassian Corporation Plc (TEAM) stock is $324.45.


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