Atlassian Corporation (NASDAQ:TEAM) shares, rose in value, with the stock price down by -0.95% to the previous day’s close as strong demand from buyers drove the stock to $227.48.
Actively observing the price movement in the recent trading, the stock is buoying the session at $229.65, falling within a range of $221.7801 and $228.055. The value of beta (5-year monthly) is 0.912. Referring to stock’s 52-week performance, its high was $326.00, and the low was $135.29. On the whole, TEAM has fluctuated by -21.22% over the past month.
With the market capitalization of Atlassian Corporation currently standing at about $59.60 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-29.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.19B, with a low estimate of 1.34B and a high estimate of 1.4B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.35B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TEAM’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of TEAM currently trading nearly -4.08% and -15.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.37, while the 7-day volatility ratio is showing 3.18% which for the 30-day chart, stands at 5.01%. Furthermore, Atlassian Corporation (TEAM)’s beta value is 1.03, and its average true range (ATR) is 11.47.
A comparison of Atlassian Corporation (TEAM) with its peers suggests the former has fared considerably weaker in the market. TEAM showed an intraday change of -0.95% in today’s session so far, and over the past year, it grew by 17.70%%.
Data on historical trading for Atlassian Corporation (NASDAQ:TEAM) indicates that the trading volumes over the past 10 days have averaged 2.47 and over the past 3 months, they’ve averaged 2.16 million. According to company’s latest data on outstanding shares, there are 163.08 million shares outstanding.
Nearly 38.73% of Atlassian Corporation’s shares belong to company insiders and institutional investors own 55.06% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.67 million shares as on 2025-03-14, resulting in a short ratio of 1.45. According to the data, the short interest in Atlassian Corporation (TEAM) stood at 224.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 3.57 million. The stock has fallen by -6.53% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TEAM stock heading into the next quarter.
