Analyzing Stock On Your Own: Atlassian Corporation (NASDAQ: TEAM)

Atlassian Corporation (NASDAQ:TEAM) does about 1.65M shares in volume on a normal day but saw 1134070 shares change hands in Tuesday’s trading. The company now has a market cap of 47.92B USD. Its current market price is $184.08, marking an increase of 0.68% compared to the previous close of $182.83. The 52 week high reached by this stock is $258.69 whilst the lowest price level in 52 weeks is $134.88.

Atlassian Corporation (TEAM) has a 20-day trading average at $185.55 and the current price is -28.84% off the 52-week high compared with 36.48% distance from its 52-week low. The 50-day simple moving average of the closing price is $193.91 and its 200-day simple moving average is $201.97. If we look at the stock’s price movements over the week, volatility stands at 2.04%, which increases to 3.34% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 46.09 to suggest the stock is neutral.

The consensus objective for the share price is $233.83, suggesting that the stock has a potential upside of 21.28% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 11, 2024 when Barclays upgraded the stock to “Overweight” and issued a price target of $275. CapitalOne initiated its price target at $238.

Atlassian Corporation (TEAM) stock is down -0.02% over the week and -4.05% over the past month. Its price is -22.61% year-to-date and 36.34% over the past year.

To reach the target analysts have set, the stock logically needs to grow 21.28 percent from here.

The company has a return on investment of -7.12% and return on equity of -18.94%. The forward price to earnings ratio is 57.44. The beta has a value of 0.76. Price to book ratio is 42.28 and price to sales ratio is 11.50.