While Atlassian Corporation has underperformed by -1.50%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TEAM rose by 17.33%, with highs and lows ranging from $258.69 to $128.02, whereas the simple moving average fell by -3.57% in the last 200 days.
On March 19, 2024, KeyBanc Capital Markets started tracking Atlassian Corporation (NASDAQ: TEAM) recommending Sector Weight. A report published by CapitalOne on December 18, 2023, Initiated its previous ‘Equal Weight’ rating for TEAM. Scotiabank also rated TEAM shares as ‘Sector Perform’, setting a target price of $185 on the company’s shares in an initiating report dated December 01, 2023. UBS Initiated an Neutral rating on October 02, 2023, and assigned a price target of $225. Berenberg initiated its ‘Hold’ rating for TEAM, as published in its report on June 29, 2023. Goldman’s report from May 05, 2023 suggests a price prediction of $165 for TEAM shares, giving the stock a ‘Neutral’ rating. Jefferies also rated the stock as ‘Buy’.
Analysis of Atlassian Corporation (TEAM)
Further, the quarter-over-quarter increase in sales is 21.47%, showing a positive trend in the upcoming months.
One of the most important indicators of Atlassian Corporation’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -51.85% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.07, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and TEAM is recording 1.73M average volume. On a monthly basis, the volatility of the stock is set at 2.83%, whereas on a weekly basis, it is put at 2.52%, with a loss of -0.42% over the past seven days. Furthermore, long-term investors anticipate a median target price of $261.91, showing growth from the present price of $192.32, which can serve as yet another indication of whether TEAM is worth investing in or should be passed over.
How Do You Analyze Atlassian Corporation Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 40.22%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 53.91% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TEAM shares are owned by institutional investors to the tune of 53.91% at present.
