Atlassian Corporation [TEAM] stock prices are up 0.86% to $209.20 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TEAM shares have gain 2.33% over the last week, with a monthly amount drifted -16.24%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Atlassian Corporation [NASDAQ: TEAM] stock has seen the most recent analyst activity on December 18, 2023, when CapitalOne initiated its Equal Weight rating and assigned the stock a price target of $238. Previously, Scotiabank started tracking the stock with Sector Perform rating on December 01, 2023, and set its price target to $185. On October 02, 2023, UBS initiated with a Neutral rating and assigned a price target of $225 on the stock. Berenberg started tracking the stock assigning a Hold rating and suggested a price target of $150 on June 29, 2023. Goldman downgraded its rating to a Neutral and reduced its price target to $165 on May 05, 2023. Jefferies upgraded its rating to Buy for this stock on January 05, 2023, but kept the price target unchanged to $150. In a note dated December 15, 2022, Barclays initiated an Equal Weight rating and provided a target price of $155 on this stock.
The stock price of Atlassian Corporation [TEAM] has been fluctuating between $128.02 and $258.69 over the past year. Currently, Wall Street analysts expect the stock to reach $247.82 within the next 12 months. Atlassian Corporation [NASDAQ: TEAM] shares were valued at $209.20 at the most recent close of the market. An investor can expect a potential return of 18.46% based on the average TEAM price forecast.
Analyzing the TEAM fundamentals
The Atlassian Corporation [NASDAQ:TEAM] reported sales of 3.89B for trailing twelve months, representing a surge of 21.47%. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at -0.07%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.09, Equity is -0.53 and Total Capital is -0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.4.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 205.86 points at the first support level, and at 202.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 210.98, and for the 2nd resistance point, it is at 212.75.
Atlassian Corporation [TEAM] reported earnings per share of $0.73 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.62/share, meaning a difference of $0.11 and a surprise factor of 17.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.65 per share as compared to estimates of $0.53 per share, a difference of $0.12 representing a surprise of 22.60%.
Ratios To Look Out For
It’s worth pointing out that Atlassian Corporation [NASDAQ:TEAM]’s Current Ratio is 1.06. Also, the Quick Ratio is 1.06, while the Cash Ratio stands at 0.69. Considering the valuation of this stock, the price to sales ratio is 13.94, the price to book ratio is 59.97.
Transactions by insiders
We now turn our attention to insider trading, which in the past 3 months has resulted in 0 insider buyings of 0 shares and 12 insider sellings of 16,482 shares. Recent insider trading involved Cannon-Brookes Michael, Co-CEO, Co-Founder, that happened on Feb 29 when 8241.0 shares were sold. Co-CEO, Co-Founder, Farquhar Scott completed a deal on Feb 29 to sell 8241.0 shares. Meanwhile, Chief Accounting Officer LIU GENE sold 332.0 shares on Feb 29.
