Sportradar Group AG (NASDAQ:SRAD) shares, rose in value, with the stock price up by 1.97% to the previous day’s close as strong demand from buyers drove the stock to $12.41.
Actively observing the price movement in the last trading, the stock closed the session at $12.17, falling within a range of $12.17 and $12.64. The value of beta (5-year monthly) was 2.065 whereas the PE ratio was 142.64 over 12-month period. Referring to stock’s 52-week performance, its high was $12.97, and the low was $8.08. On the whole, SRAD has fluctuated by 6.89% over the past month.
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With the market capitalization of Sportradar Group AG currently standing at about $3.70 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Aug-13.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.17B, with a low estimate of 255.1M and a high estimate of 265.68M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 260.57M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SRAD’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.59, with the price of SRAD currently trading nearly 2.25% and 6.13% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.30, while the 7-day volatility ratio is showing 3.28% which for the 30-day chart, stands at 2.77%. Furthermore, Sportradar Group AG (SRAD)’s beta value is 2.06, and its average true range (ATR) is 0.37.
A comparison of Sportradar Group AG (SRAD) with its peers suggests the former has fared considerably weaker in the market. SRAD showed an intraday change of 1.97% in last session, and over the past year, it grew by 30.63%%.
Data on historical trading for Sportradar Group AG (NASDAQ:SRAD) indicates that the trading volumes over the past 10 days have averaged 0.34 and over the past 3 months, they’ve averaged 507.90K. According to company’s latest data on outstanding shares, there are 207.56 million shares outstanding.
Nearly 49.87% of Sportradar Group AG’s shares belong to company insiders and institutional investors own 43.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.66 million shares as on 2024-09-30, resulting in a short ratio of 9.03. According to the data, the short interest in Sportradar Group AG (SRAD) stood at 522.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 4.38 million. The stock has risen by 12.31% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SRAD stock heading into the next quarter.
