As of Thursday close, Atlassian Corporation’s (NASDAQ:TEAM) stock was down -$10.87, moving down -5.41 percent to $189.95. The average number of shares traded per day over the past five days has been 1,213,040 shares. 3 times new highs have been achieved over the past 5 days, with a -$19.45 fall in that time frame. In the last twenty days, the average volume was 1,036,890, while in the previous 50 days, it was 1,499,616.
Since last month, TEAM stock retreated -0.05%. Shares of the company fell to $183.69 on 08/24/23, the lowest level in the past month. A 52-week high of $246.15 was reached on 09/12/23 after having rallying from a 52-week low of $113.86. Since the beginning of this year, TEAM’s stock price has risen by 47.61% or $61.27, and marked a new high 17 times. However, the stock has declined by -22.83% since its 52-week high.
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TEAM stock investors should be aware that Atlassian Corporation (TEAM) stock had its last reported insider trading activity 2 days ago on Sep 20. Cannon-Brookes Michael, the Co-CEO, Co-Founder of the company, disposed of 8,241 shares for $204.08 on Sep 20. It resulted in a $1,681,856 divestment by the insider. Farquhar Scott sold 8,241 shares at an average price of $204.08 on Sep 20. The insider now owns 57,687 shares following the transaction. On Sep 20, Chief Revenue Officer DEATSCH CAMERON sold 3,411 shares at $204.14 apiece. The transaction was valued at $696,333.
Valuation Metrics
The stock’s beta is 0.71. Besides these, the trailing price-to-sales (P/S) ratio of 14.27, the price-to-book (PB) ratio of 74.78, and the price-to-cash flow ratio of 59.86 may also be considered.
Financial Health
In the recent quarter, Atlassian Corporation’s quick ratio stood at 1.30, while its current ratio was 1.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 1.47, and the total debt-to-equity ratio was 1.53. On the profitability front, the trailing twelve-month gross margin is 82.30% percent. In the recent year, operating margins totaled -9.80%. Based on annual data, TEAM earned $2.9 billion in gross profit and brought in $3.53 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 -31.50%. Return on equity (ROE) for the past 12 months was -84.80%.
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 fell -198.0% to $914.8 million during the quarter, while net income inched up to $940.32 million. During the quarter, the company generated -$35.09 million in EBITDA. The liabilities of Atlassian Corporation were 3.45 billion at the end of its most recent quarter, and its total debt was $1.28 billion. The value of shareholders’ equity is $257.38 million.
Technical Picture
This quick technical analysis looks at Atlassian Corporation’s (TEAM) price momentum. With a historical volatility rate of 38.15%, the RSI 9-day stood at 30.64% on 21 September.
With respect to its five-day moving average, the current Atlassian Corporation price is down by -9.29% percent or -$19.45. At present, TEAM shares trade -0.91% below its 20-day simple moving average and +28.64% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.33% above its SMA50 and +34.72% above its SMA200.
Stochastic coefficient K was 17.38% and Stochastic coefficient D was 34.79%, while ATR was 7.28. Given the Stochastic reading of 2.46% for the 14-day period, the RSI (14) reading has been calculated as 40.51%. As of today, the MACD Oscillator reading stands at -6.58, while the 14-day reading stands at -6.85.
Analyst Ratings
Berenberg launched its rating on Atlassian Corporation (NASDAQ: TEAM) to a Hold in a note to investors on June 29, 2023. Atlassian Corporation (TEAM) has been rated Overweight by analysts. According to 0 brokerage firms, TEAM is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Atlassian Corporation stock as buy, with 14 recommending it as overweight.
With a median target price of $230.00, the current consensus forecast for the stock is $170.00 – $420.00. Based on these forecasts, analysts predict Atlassian Corporation (TEAM) will achieve an average price target of $226.55.
