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The price of Atlassian Corporation (NASDAQ: TEAM) closed at $161.94 in the last session, down -1.45% from day before closing price of $164.32. In other words, the price has decreased by -$1.45 from its previous closing price. On the day, 1.58 million shares were traded. TEAM stock price reached its highest trading level at $163.85 during the session, while it also had its lowest trading level at $159.935.
Ratios:
We take a closer look at TEAM’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.68. For the most recent quarter (mrq), Quick Ratio is recorded 1.18 and its Current Ratio is at 1.18. In the meantime, Its Debt-to-Equity ratio is 1.21 whereas as Long-Term Debt/Eq ratio is at 1.16.
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 the company, Goldman on August 02, 2024, Upgraded its rating to Buy and sets its target price to $230 from $200 previously.
On August 02, 2024, Robert W. Baird Downgraded its rating to Neutral which previously was Outperform and also lowered its target price recommendation from $230 to $175.
CapitalOne Upgraded its Equal Weight to Overweight on July 11, 2024, while the target price for the stock was maintained at $211.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 27 ’24 when Farquhar Scott sold 7,948 shares for $164.81 per share. The transaction valued at 1,309,884 led to the insider holds 182,804 shares of the business.
Cannon-Brookes Michael sold 7,948 shares of TEAM for $1,309,885 on Aug 27 ’24. The Co-CEO, Co-Founder now owns 182,804 shares after completing the transaction at $164.81 per share. On Aug 26 ’24, another insider, Farquhar Scott, who serves as the Co-CEO, Co-Founder of the company, sold 7,948 shares for $164.56 each. As a result, the insider received 1,307,926 and left with 190,752 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 42727870464 and an Enterprise Value of 41019371520. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.66 while its Price-to-Book (P/B) ratio in mrq is 40.85. Its current Enterprise Value per Revenue stands at 9.411 whereas that against EBITDA is -1069.912.
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 $135.29. The 50-Day Moving Average of the stock is -2.08%, while the 200-Day Moving Average is calculated to be -15.81%.
Shares Statistics:
According to the various share statistics, TEAM traded on average about 1.94M shares per day over the past 3-months and 1810460 shares per day over the past 10 days. A total of 159.54M shares are outstanding, with a floating share count of 155.73M. Insiders hold about 40.11% of the company’s shares, while institutions hold 52.93% stake in the company. Shares short for TEAM as of 1723680000 were 2361535 with a Short Ratio of 1.21, compared to 1721001600 on 3833101. Therefore, it implies a Short% of Shares Outstanding of 2361535 and a Short% of Float of 1.48.
Earnings Estimates
The current assessment of Atlassian Corporation (TEAM) involves the perspectives of 24.0 analysts closely monitoring its market dynamics.The consensus estimate for the next quarter is $0.76, with high estimates of $0.98 and low estimates of $0.69.
Analysts are recommending an EPS of between $3.95 and $2.29 for the fiscal current year, implying an average EPS of $3.15. EPS for the following year is $4.01, with 26.0 analysts recommending between $5.41 and $3.03.
Revenue Estimates
According to 23 analysts, the current quarter’s revenue is expected to be $1.15B. It ranges from a high estimate of $1.18B to a low estimate of $1.15B. As of the current estimate, Atlassian Corporation’s year-ago sales were $966.11MFor the next quarter, 23 analysts are estimating revenue of $1.23B. There is a high estimate of $1.26B for the next quarter, whereas the lowest estimate is $1.2B.
A total of 25 analysts have provided revenue estimates for TEAM’s current fiscal year. The highest revenue estimate was $5.16B, while the lowest revenue estimate was $5.04B, resulting in an average revenue estimate of $5.06B. In the same quarter a year ago, actual revenue was $4.36BBased on 25 analysts’ estimates, the company’s revenue will be $6.08B in the next fiscal year. The high estimate is $6.3B and the low estimate is $5.81B.
