Atlassian Corporation (NASDAQ:TEAM) saw a downside of -2.01% to close Monday at $154.58 after subtracting -$3.17 on the day. The 5-day average trading volume is 2,537,120 shares of the company’s common stock. It has gained $159.99 in the past week and touched a new high 3 times within the past 5 days. An average of 2,553,045 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,510,376.
TEAM’s 1-month performance is 12.00% or $27.36 on its low of $116.40 reached on 01/06/23. The company’s shares have touched a 52-week low of $113.86 and high of $352.92, with the stock’s rally to the 52-week high happening on 01/20/23. YTD, TEAM has achieved 20.13% or $25.90 and has reached a new high 7 times. However, the current price is down -56.20% from the 52-week high price.
TEAM stock investors last saw insider trading activity on Jan 20.Farquhar Scott (Co-CEO, Co-Founder) most recently sold 8,614 shares at $156.17 per share on Jan 20. This transaction cost the insider $1,345,220. Co-CEO, Co-Founder, Cannon-Brookes Michael, sold 8,614 shares at a price of $156.17 on Jan 20. Then, on Jan 19, Co-CEO, Co-Founder Cannon-Brookes Michael sold 8,614 shares at a price of $147.94 per share. This transaction amounted to $1,274,375.
TEAM stock has a beta of 0.78. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 12.44 while the price-to-book (PB) in the most recent quarter is 82.22, with the price to cash flow ratio at 45.27.
Atlassian Corporation’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.20. In terms of profitability, the gross margin trailing 12 months is 83.10%. The firm’s gross profit as reported stood at $2.34 billion against revenue of $2.8 billion.
For the quarterly period ending June 29 this year, Atlassian Corporation’s cash and short-term investments amounted to $54.54 million against total debt of $1.31 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 100.0% to -$13.74 million, while revenue of -$614.12 million was -4369.58% off the previous quarter. Analysts expected TEAM to announce $0.27 per share in earnings in its latest quarter, but it posted $0.27, representing a 0.00% surprise. EBITDA for the quarter stood at more than -$19.41 million. TEAM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.89 billion, with total debt at $1.31 billion. Shareholders hold equity totaling $255.52 million.
Let’s look briefly at Atlassian Corporation (TEAM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 67.82% to suggest the stock is trending Neutral, with historical volatility in this time period at 46.79%.
The stock’s 5-day moving average is $152.57, reflecting a +4.45% or $6.58 change from its current price. TEAM is currently trading +10.71% above its 20-day SMA, -38.40% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +25.96% and SMA200 by-48.45%.
Stochastic %K and %D was 87.08% and 85.19% and the average true range (ATR) pointed at 8.33. The RSI (14) points at 62.31%, while the 14-day stochastic is at 87.58% with the period’s ATR at 8.50. The stock’s 9-day MACD Oscillator is pointing at 5.82 and 14.27 on the 14-day charts.
In the most recent analyst report for Atlassian Corporation (NASDAQ: TEAM), Jefferies upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for TEAM stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate TEAM as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 17 have offered a “buy” rating.
What is TEAM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $140.00 and a high of $460.00, with their median price target at $175.00. Looking at these predictions, the average price target given by analysts is for Atlassian Corporation (TEAM) stock is $191.76.