Atlassian Corporation (NASDAQ:TEAM) price on current trading day, fall -0.01% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $229.84.
A look at the stock’s price movement, the level at last check in today’s session was $229.86, moving within a range at $225.0 and $230.89. The beta value (5-Year monthly) was 0.912. Turning to its 52-week performance, $326.00 and $135.29 were the 52-week high and 52-week low respectively. Overall, TEAM moved -24.33% over the past month.
Atlassian Corporation’s market cap currently stands at around $60.22 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Jan-29.
Analysts have a consensus estimate of 1.35B for the company’s revenue for the quarter, with a low and high estimate of 1.34B and 1.4B respectively. The average forecast suggests up to a 13.83% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 5.19B, representing a 19.04% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TEAM is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
15 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 12 recommend TEAM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TEAM’s current price about -8.30% and -14.92% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.49, while 7-day volatility ratio is 5.21% and 5.29% in the 30-day chart. Further, Atlassian Corporation (TEAM) has a beta value of 1.03, and an average true range (ATR) of 12.85. Analysts have given the company’s stock an average 52-week price target of $265, forecast between a low of $200 and high of $350. Looking at the price targets, the low is 12.98% off recent price level in today’s trading while to achieve the yearly target high, it has to move -52.28%. Nonetheless, investors will most likely welcome a -15.3% jump to $265 which is the analysts’ median price.
If we refocus on Atlassian Corporation (NASDAQ:TEAM), historical trading data shows that trading volumes averaged 3.27 over the past 10 days and 2.15 million over the past 3 months. The company’s latest data on shares outstanding shows there are 163.08 million shares.
The 38.76% of Atlassian Corporation’s shares are in the hands of company insiders while institutional holders own 55.05% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.09 million on 2025-02-28, giving us a short ratio of 1.38. The data shows that as of 2025-02-28 short interest in Atlassian Corporation (TEAM) stood at 189.0 of shares outstanding, with shares short falling to 4.19 million registered in 2025-01-31. Current price change has pushed the stock -5.56% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TEAM stock continues to rise going into the next quarter.
