At the time of writing, Atlassian Corporation [TEAM] stock is trading at $188.54, down -1.00%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TEAM shares have lost -0.43% over the last week, with a monthly amount glided 17.66%, 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 October 01, 2024, when Raymond James upgraded its rating to a Outperform but kept the price target unchanged to $200 for it. Previously, Goldman upgraded its rating to Buy on August 02, 2024, and elevated its price target to $230. On August 02, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $175 on the stock. CapitalOne upgraded its rating to a Overweight but stick to its price target of $211 on July 11, 2024. Piper Sandler upgraded its rating to a Overweight and raised its price target to $225 on July 02, 2024. Barclays upgraded its rating to Overweight for this stock on April 11, 2024, but kept the price target unchanged to $275. In a note dated March 19, 2024, KeyBanc Capital Markets initiated an Sector Weight rating.
For the past year, the stock price of Atlassian Corporation fluctuated between $135.29 and $258.69. Currently, Wall Street analysts expect the stock to reach $233.53 within the next 12 months. Atlassian Corporation [NASDAQ: TEAM] shares were valued at $188.54 at the most recent close of the market. An investor can expect a potential return of 23.86% based on the average TEAM price forecast.
Analyzing the TEAM fundamentals
According to Atlassian Corporation [NASDAQ:TEAM], the company’s sales were 4.36B for trailing twelve months, which represents an 20.50% jump. 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 -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.38 and Total Capital is -0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.21.
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 187.01 points at the first support level, and at 185.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 190.71, and for the 2nd resistance point, it is at 192.87.
Ratios To Look Out For
It is important to note that Atlassian Corporation [NASDAQ:TEAM] has a current ratio of 1.18. As well, the Quick Ratio is 1.18, while the Cash Ratio is 0.84. Considering the valuation of this stock, the price to sales ratio is 11.31, the price to book ratio is 47.56.
Transactions by insiders
Recent insider trading involved Cannon-Brookes Michael, CEO, Co-Founder, that happened on Oct 30 ’24 when 7948.0 shares were sold. Director, Farquhar Scott completed a deal on Oct 30 ’24 to sell 7948.0 shares. Meanwhile, CEO, Co-Founder Cannon-Brookes Michael sold 7948.0 shares on Oct 29 ’24.
