Atlassian Corporation (NASDAQ: TEAM) Becomes The New Buzzing Stock: Sports A Monthly Volatility Of 3.12%

Atlassian Corporation (NASDAQ:TEAM) does about 1.77M shares in volume on a normal day but saw 1331799 shares change hands in Monday trading. The company now has a market cap of 47.32B USD. Its current market price is $181.80, marking a decrease of -2.95% compared to the previous close of $187.32. The 52 week high reached by this stock is $258.69 whilst the lowest price level in 52 weeks is $152.34.

Atlassian Corporation (TEAM) has a 20-day trading average at $168.15 and the current price is -29.72% off the 52-week high compared with 19.34% distance from its 52-week low. The 50-day simple moving average of the closing price is $172.19 and its 200-day simple moving average is $197.05. If we look at the stock’s price movements over the week, volatility stands at 3.13%, which decreases to 3.12% 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 61.89 to suggest the stock is neutral.

The consensus objective for the share price is $242.30, suggesting that the stock has a potential upside of 24.97% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 02, 2024 when Piper Sandler upgraded the stock to “Overweight” and issued a price target of between $200 and $225. Barclays also upgraded the stock to “Overweight” from Equal Weight on April 11, 2024 at a price target of $275.

Atlassian Corporation (TEAM) stock is up 2.78% over the week and 15.15% over the past month. Its price is -23.57% year-to-date and 9.62% over the past year.

To reach the target analysts have set, the stock logically needs to grow 24.97 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 56.70. The beta has a value of 0.75. Price to book ratio is 41.76 and price to sales ratio is 11.36.