Now Is A Suitable Moment For A Long-Term Purchase Of Atlassian Corporation (NASDAQ: TEAM)

Currently, there are 260.30M common shares owned by the public and among those 157.49M shares have been available to trade.

The company’s stock has a 5-day price change of 2.40% and -21.68% over the past three months. TEAM shares are trading -39.80% year to date (YTD), with the 12-month market performance down to -27.55% lower. It has a 12-month low price of $135.29 and touched a high of $258.69 over the same period. TEAM has an average intraday trading volume of 1.84 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -12.56%, -14.00%, and -26.02% respectively.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Institutional ownership of Atlassian Corporation (NASDAQ: TEAM) shares accounts for 53.59% of the company’s 260.30M shares outstanding.

It has a market capitalization of $37.27B and a beta (3y monthly) value of 0.79. The earnings-per-share (ttm) stands at -$1.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.85% over the week and 4.26% over the month.

Earnings per share for the fiscal year are expected to increase by 7.42%, and 27.14% over the next financial year. EPS should grow at an annualized rate of 35.90% over the next five years, compared to 15.38% over the past 5-year period.

Looking at the support for the TEAM, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on August 02, 2024, with the firm’s price target at $200-$230. Robert W. Baird coverage for the Atlassian Corporation (TEAM) stock in a research note released on August 02, 2024 offered a Neutral rating with a price target of $175. CapitalOne was of a view on July 11, 2024 that the stock is Overweight, while Piper Sandler gave the stock Overweight rating on July 02, 2024, issuing a price target of $200- $225. Barclays on their part issued Overweight rating on April 11, 2024.

Most Popular

Related Posts