The closing price of Atlassian Corporation (NASDAQ: TEAM) was $198.14 for the day, up 0.92% from the previous closing price of $196.33. In other words, the price has increased by $+1.81 from its previous closing price. On the day, 1062300 shares were traded. TEAM stock price reached its highest trading level at $200.71 during the session, while it also had its lowest trading level at $194.13.
Ratios:
Our analysis of TEAM’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 31.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.82. For the most recent quarter (mrq), Quick Ratio is recorded 1.07 and its Current Ratio is at 1.07. In the meantime, Its Debt-to-Equity ratio is 1.40 whereas as Long-Term Debt/Eq ratio is at 1.30.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, CapitalOne on December 18, 2023, initiated with a Equal Weight rating and assigned the stock a target price of $238.
On December 01, 2023, Scotiabank started tracking the stock assigning a Sector Perform rating and target price of $185.
On October 02, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $225.UBS initiated its Neutral rating on October 02, 2023, with a $225 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 05 ’24 when Cannon-Brookes Michael sold 8,241 shares for $196.31 per share. The transaction valued at 1,617,778 led to the insider holds 140,097 shares of the business.
Farquhar Scott sold 8,241 shares of TEAM for $1,617,772 on Mar 05 ’24. The Co-CEO, Co-Founder now owns 140,097 shares after completing the transaction at $196.31 per share. On Mar 04 ’24, another insider, Cannon-Brookes Michael, who serves as the Co-CEO, Co-Founder of the company, sold 8,241 shares for $206.58 each. As a result, the insider received 1,702,461 and left with 148,338 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TEAM now has a Market Capitalization of 50.93B and an Enterprise Value of 50.59B. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.20 while its Price-to-Book (P/B) ratio in mrq is 56.80. Its current Enterprise Value per Revenue stands at 13.00 whereas that against EBITDA is -327.37.
Stock Price History:
Over the past 52 weeks, TEAM has reached a high of $258.69, while it has fallen to a 52-week low of $128.02. The 50-Day Moving Average of the stock is 227.08, while the 200-Day Moving Average is calculated to be 196.56.
Shares Statistics:
TEAM traded an average of 1.73M shares per day over the past three months and 1.24M shares per day over the past ten days. A total of 259.41M shares are outstanding, with a floating share count of 155.76M. Insiders hold about 39.96% of the company’s shares, while institutions hold 53.90% stake in the company. Shares short for TEAM as of Feb 15, 2024 were 4.12M with a Short Ratio of 2.38, compared to 3.65M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.59% and a Short% of Float of 2.62%.
Earnings Estimates
The firm’s stock currently is rated by 22 analysts. On average, analysts expect EPS of $0.62 for the current quarter, with a high estimate of $0.77 and a low estimate of $0.56, while EPS last year was $0.54. The consensus estimate for the next quarter is $0.58, with high estimates of $0.79 and low estimates of $0.49.
Analysts are recommending an EPS of between $2.94 and $2.43 for the fiscal current year, implying an average EPS of $2.58. EPS for the following year is $3.13, with 24 analysts recommending between $3.84 and $2.72.
Revenue Estimates
A total of 25 analysts have provided revenue estimates for TEAM’s current fiscal year. The highest revenue estimate was $4.29B, while the lowest revenue estimate was $4.22B, resulting in an average revenue estimate of $4.24B. In the same quarter a year ago, actual revenue was $3.53B, up 20.00% from the average estimate. Based on 25 analysts’ estimates, the company’s revenue will be $5.1B in the next fiscal year. The high estimate is $5.42B and the low estimate is $4.97B. The average revenue growth estimate for next year is up 20.20% from the average revenue estimate for this year.
