Currently, Atlassian Corporation [TEAM] is trading at $164.32, down -0.42%. 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 5.14% over the last week, with a monthly amount drifted -7.76%, 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.
This stock has fluctuated between a low of $135.29 and a high of $258.69 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $237.67 within the next 12 months. Atlassian Corporation [NASDAQ: TEAM] shares were valued at $164.32 at the most recent close of the market. An investor can expect a potential return of 44.64% based on the average TEAM price forecast.
Analyzing the TEAM fundamentals
Trailing Twelve Months sales for Atlassian Corporation [NASDAQ:TEAM] were 4.36B which represents 20.50% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.0.
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 163.15 points at the first support level, and at 161.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 166.19, and for the 2nd resistance point, it is at 168.06.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Atlassian Corporation [NASDAQ:TEAM] is 1.18. In addition, the Quick Ratio stands at 1.18 and the Cash Ratio stands at 0.83. Considering the valuation of this stock, the price to sales ratio is 9.80, the price to book ratio is 41.45.
Transactions by insiders
Recent insider trading involved Farquhar Scott, Co-CEO, Co-Founder, that happened on Aug 26 ’24 when 7948.0 shares were sold. Co-CEO, Co-Founder, Cannon-Brookes Michael completed a deal on Aug 26 ’24 to sell 7948.0 shares. Meanwhile, Co-CEO, Co-Founder Cannon-Brookes Michael sold 7948.0 shares on Aug 23 ’24.
