Atlassian Corporation (TEAM) is 28.84% away from 50-day simple Moving Average despite all headwinds

On Friday, Atlassian Corporation (NASDAQ: TEAM) opened higher 0.43% from the last session, before settling in for the closing price of $262.46. Price fluctuations for TEAM have ranged from $135.29 to $269.40 over the past 52 weeks.

Annual sales at Technology sector company grew by 29.28% over the past five years. Company’s average yearly earnings per share was noted 10.92% at the time writing. With a float of $155.93 million, this company’s outstanding shares have now reached $159.54 million.

Let’s look at the performance matrix of the company that is accounted for 12157 employees. In terms of profitability, gross margin is 81.38%, operating margin of -2.77%, and the pretax margin is -2.29%.

Atlassian Corporation (TEAM) Insider and Institutional Ownership

A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Atlassian Corporation is 40.36%, while institutional ownership is 51.34%. The most recent insider transaction that took place on Nov 27 ’24, was worth 2,080,255. In this transaction CEO, Co-Founder of this company sold 7,948 shares at a rate of $261.73, taking the stock ownership to the 174,856 shares. Before that another transaction happened on Nov 27 ’24, when Company’s Director sold 7,948 for $261.73, making the entire transaction worth $2,080,252. This insider now owns 174,856 shares in total.

Atlassian Corporation (TEAM) Latest Financial update

According to the Wall Street analysts, stocks earnings will be around 10.92% 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

Check out the current performance indicators for Atlassian Corporation (TEAM). In the past quarter, the stock posted a quick ratio of 1.18. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 15.15. Likewise, its price to free cash flow for the trailing twelve months is 52.04.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.51, a number that is poised to hit 0.75 in the next quarter and is forecasted to reach 4.05 in one year’s time.

Technical Analysis of Atlassian Corporation (TEAM)

Atlassian Corporation (NASDAQ: TEAM) saw its 5-day average volume 1.69 million, a negative change from its year-to-date volume of 1.87 million. As of the previous 9 days, the stock’s Stochastic %D was 80.61%. Additionally, its Average True Range was 7.87.

During the past 100 days, Atlassian Corporation’s (TEAM) raw stochastic average was set at 95.66%, which indicates a significant increase from 82.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.63% in the past 14 days, which was lower than the 52.62% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $204.58, while its 200-day Moving Average is $184.80. Nevertheless, the first resistance level for the watch stands at $265.70 in the near term. At $267.82, the stock is likely to face the second major resistance level. The third major resistance level sits at $269.75. If the price goes on to break the first support level at $261.65, it is likely to go to the next support level at $259.72. The third support level lies at $257.60 if the price breaches the second support level.

Atlassian Corporation (NASDAQ: TEAM) Key Stats

There are currently 260,433K shares outstanding in the company with a market cap of 69.21 billion. Presently, the company’s annual sales total 4,359 M according to its annual income of -300,520 K. Last quarter, the company’s sales amounted to 1,188 M and its income totaled -123,770 K.