Atlassian Corporation (NASDAQ: TEAM) on Tuesday, soared 1.63% from the previous trading day, before settling in for the closing price of $188.66. Within the past 52 weeks, TEAM’s price has moved between $135.29 and $258.69.
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During the last 5-year period, the sales growth of Technology Sector giant was 29.28%. The company achieved an average annual earnings per share of 7.35%. With a float of $156.65 million, this company’s outstanding shares have now reached $159.54 million.
Let’s determine the extent of company efficiency that accounts for 12157 employees. In terms of profitability, gross margin is 81.4%, operating margin of -2.61%, and the pretax margin is -1.96%.
Atlassian Corporation (TEAM) Insider Activity
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Atlassian Corporation is 40.11%, while institutional ownership is 51.28%. The most recent insider transaction that took place on Oct 28 ’24, was worth 1,499,291. In this transaction CEO, Co-Founder of this company sold 7,948 shares at a rate of $188.64, taking the stock ownership to the 349,712 shares. Before that another transaction happened on Oct 28 ’24, when Company’s Director sold 7,948 for $188.64, making the entire transaction worth $1,499,290. This insider now owns 349,712 shares in total.
Atlassian Corporation (TEAM) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.65 earnings per share (EPS) for the period topping the consensus outlook (set at 0.53) by 0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.76 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.35% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 25.30% during the next five years compared to 15.38% growth over the previous five years of trading.
Atlassian Corporation (NASDAQ: TEAM) Trading Performance Indicators
Atlassian Corporation (TEAM) is currently performing well based on its current performance indicators. A quick ratio of 1.18 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.51. Likewise, its price to free cash flow for the trailing twelve months is 35.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.16, a number that is poised to hit 0.64 in the next quarter and is forecasted to reach 4.01 in one year’s time.
Technical Analysis of Atlassian Corporation (TEAM)
Looking closely at Atlassian Corporation (NASDAQ: TEAM), its last 5-days average volume was 1.52 million, which is a drop from its year-to-date volume of 1.78 million. As of the previous 9 days, the stock’s Stochastic %D was 36.52%. Additionally, its Average True Range was 5.61.
During the past 100 days, Atlassian Corporation’s (TEAM) raw stochastic average was set at 92.60%, which indicates a significant increase from 78.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.59% in the past 14 days, which was lower than the 45.22% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $170.53, while its 200-day Moving Average is $184.11. However, in the short run, Atlassian Corporation’s stock first resistance to watch stands at $194.17. Second resistance stands at $196.60. The third major resistance level sits at $199.89. If the price goes on to break the first support level at $188.44, it is likely to go to the next support level at $185.15. Should the price break the second support level, the third support level stands at $182.72.
Atlassian Corporation (NASDAQ: TEAM) Key Stats
Market capitalization of the company is 50.15 billion based on 260,028K outstanding shares. Right now, sales total 4,359 M and income totals -300,520 K. The company made 1,132 M in profit during its latest quarter, and -196,920 K in sales during its previous quarter.
