Atlassian Corporation [TEAM] stock prices are up 0.98% to $198.55 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 2.68% over the last week, with a monthly amount drifted -2.17%, and not seem to be holding up well over a long-time horizon.
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On 1, April 2024, Atlassian Announces Dates for Third Quarter of Fiscal Year 2024 Financial Results and Investor Day. In a post published today on Yahoo Finance, Atlassian Corporation (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, today announced that it will release financial results for its third quarter of fiscal year 2024 ended March 31, 2024 after market close on Thursday, April 25, 2024. Atlassian will host a webcast and conference call to discuss the financial results at 2:00 P.M. Pacific Time. In conjunction with its earnings press release, Atlassian will post a shareholder letter to the Investor Relations section of its website at https://investors.atlassian.com/.
From an analyst’s perspective:
Previously, CapitalOne started tracking the stock with Equal Weight rating on December 18, 2023, and set its price target to $238. On December 01, 2023, Scotiabank initiated with a Sector Perform rating and assigned a price target of $185 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $225 on October 02, 2023. Berenberg initiated its recommendation with a Hold and recommended $150 as its price target on June 29, 2023. Goldman downgraded its rating to Neutral for this stock on May 05, 2023, and downed its price target to $165. In a note dated January 05, 2023, Jefferies upgraded an Buy rating on this stock but restated the target price of $150.
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 $198.55 at the most recent close of the market. An investor can expect a potential return of 24.81% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.4.
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 195.54 points at the first support level, and at 192.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 200.25, and for the 2nd resistance point, it is at 201.95.
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 1.07. Also, the Quick Ratio is 1.07, while the Cash Ratio stands at 0.69. Considering the valuation of this stock, the price to sales ratio is 13.23, the price to book ratio is 56.92.
Transactions by insiders
Recent insider trading involved Cannon-Brookes Michael, Co-CEO, Co-Founder, that happened on Apr 05 ’24 when 8241.0 shares were sold. Co-CEO, Co-Founder, Farquhar Scott completed a deal on Apr 05 ’24 to sell 8241.0 shares. Meanwhile, Co-CEO, Co-Founder Cannon-Brookes Michael sold 8241.0 shares on Apr 04 ’24.
