A share price of Atlassian Corporation [TEAM] is currently trading at $198.41, down -0.30%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TEAM shares have gain 2.48% over the last week, with a monthly amount glided 3.34%, and 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 April 11, 2024, when Barclays upgraded its rating to a Overweight but kept the price target unchanged to $275 for it. On December 18, 2023, CapitalOne initiated with a Equal Weight rating and assigned a price target of $238 on the stock. Scotiabank started tracking the stock assigning a Sector Perform rating and suggested a price target of $185 on December 01, 2023. UBS initiated its recommendation with a Neutral and recommended $225 as its price target on October 02, 2023. Berenberg started tracking with a Hold rating for this stock on June 29, 2023, and assigned it a price target of $150. In a note dated May 05, 2023, Goldman downgraded an Neutral rating on this stock and revised its target price from $240 to $165.
Atlassian Corporation experienced fluctuations in its stock price throughout the past year between $128.02 and $258.69. Currently, Wall Street analysts expect the stock to reach $249.33 within the next 12 months. Atlassian Corporation [NASDAQ: TEAM] shares were valued at $198.41 at the most recent close of the market. An investor can expect a potential return of 25.66% based on the average TEAM price forecast.
Analyzing the TEAM fundamentals
Trailing Twelve Months sales for Atlassian Corporation [NASDAQ:TEAM] were 3.89B which represents 21.47% growth. 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 193.63 points at the first support level, and at 188.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 201.40, and for the 2nd resistance point, it is at 204.38.
Atlassian Corporation [TEAM] reported earnings per share of $0.73 for its fiscal quarter that ended on 12/31/2023. 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 9/30/2023 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
To put it in perspective, the Current Ratio for Atlassian Corporation [NASDAQ:TEAM] is 1.07. In addition, the Quick Ratio stands at 1.07 and the Cash Ratio stands at 0.69. Considering the valuation of this stock, the price to sales ratio is 13.22, the price to book ratio is 56.88.
Transactions by insiders
Recent insider trading involved Cannon-Brookes Michael, Co-CEO, Co-Founder, that happened on Apr 24 ’24 when 8241.0 shares were sold. Co-CEO, Co-Founder, Farquhar Scott completed a deal on Apr 24 ’24 to sell 8241.0 shares. Meanwhile, Co-CEO, Co-Founder Cannon-Brookes Michael sold 8241.0 shares on Apr 23 ’24.
