Atlassian Corporation (TEAM) concluded trading on Thursday at a closing price of $183.55, with 3.21 million shares of worth about $588.61 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.61% during that period and on May 02, 2024 the price saw a gain of about 6.24%. Currently the company’s common shares owned by public are about 258.38M shares, out of which, 155.41M shares are available for trading.
However, the stock later moved at a day high price of 186.65, or with a gain of 6.24%. Stock saw a price change of -7.49% in past 5 days and over the past one month there was a price change of -5.99%. Year-to-date (YTD), TEAM shares are showing a performance of -22.83% which increased to 24.73% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $128.02 but also hit the highest price of $258.69 during that period. The average intraday trading volume for Atlassian Corporation shares is 1.84 million. The stock is currently trading -5.29% below its 20-day simple moving average (SMA20), while that difference is down -7.42% for SMA50 and it goes to -9.03% lower than SMA200.
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Atlassian Corporation (NASDAQ: TEAM) currently have 258.38M outstanding shares and institutions hold larger chunk of about 54.02% of that.
The stock has a current market capitalization of $47.43B and its 3Y-monthly beta is at 0.76. It has posted earnings per share of -$0.63 in the same period. It has Quick Ratio of 1.18 while making debt-to-equity ratio of 1.10. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TEAM, volatility over the week remained 5.13% while standing at 3.97% over the month.
Stock’s fiscal year EPS is expected to rise by 48.85% while it is estimated to increase by 12.15% in next year. EPS is likely to grow at an annualized rate of 23.70% for next 5-years, compared to annual growth of -31.08% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on April 11, 2024 offering an Overweight rating for the stock and assigned a target price of $275 to it. On December 18, 2023, CapitalOne Initiated their recommendations, while on December 01, 2023, Scotiabank Initiated their ratings for the stock with a price target of $185. Stock get a Neutral rating from UBS on October 02, 2023.
