Atlassian Corporation [TEAM] stock is trading at $143.50, up 0.21%. 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 4.43% over the last week, with a monthly amount drifted -21.66%, 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 August 02, 2024, when Goldman upgraded its rating to a Buy and also boosted its price target to $230 from $200. Previously, Robert W. Baird downgraded its rating to Neutral on August 02, 2024, and dropped its price target to $175. On July 11, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $211 on the stock. Piper Sandler upgraded its rating to a Overweight and increased its price target to $225 on July 02, 2024. Barclays upgraded its rating to a Overweight but $275 remained the price target by the analyst firm on April 11, 2024. In a note dated December 18, 2023, CapitalOne initiated an Equal Weight rating and provided a target price of $238 on this stock.
Atlassian Corporation [TEAM] stock has fluctuated between $135.29 and $258.69 over the past year. Currently, Wall Street analysts expect the stock to reach $237.67 within the next 12 months. Atlassian Corporation [NASDAQ: TEAM] shares were valued at $143.50 at the most recent close of the market. An investor can expect a potential return of 65.62% based on the average TEAM price forecast.
Analyzing the TEAM fundamentals
Atlassian Corporation [NASDAQ:TEAM] reported sales of 4.36B for the trailing twelve months, which represents a growth of 20.50%. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.31 and Total Capital is -0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.0.
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 142.10 points at the first support level, and at 140.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 145.12, and for the 2nd resistance point, it is at 146.74.
Ratios To Look Out For
For context, Atlassian Corporation’s Current Ratio is 1.18. Also, the Quick Ratio is 1.18, while the Cash Ratio stands at 0.83. Considering the valuation of this stock, the price to sales ratio is 8.57, the price to book ratio is 32.96.
Transactions by insiders
Recent insider trading involved JOSEPH BINZ, Officer, that happened on Aug 14 ’24 when 938.0 shares were purchased. Officer, RAJEEV RAJAN completed a deal on Aug 14 ’24 to buy 1369.0 shares. Meanwhile, Officer ANUTTHARA BHARADWAJ bought 4892.0 shares on Aug 14 ’24.
