Technical Outlook And Game Plan For Sportradar Group AG (NASDAQ: SRAD)

Sportradar Group AG (SRAD) concluded trading on Thursday at a closing price of $11.64, with 0.45 million shares of worth about $5.24 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 18.29% during that period and on March 28, 2024 the price saw a gain of about 0.95%. Currently the company’s common shares owned by public are about 207.56M shares, out of which, 146.32M shares are available for trading.

Stock saw a price change of 1.57% in past 5 days and over the past one month there was a price change of 19.38%. Year-to-date (YTD), SRAD shares are showing a performance of 5.34% which increased to 6.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.08 but also hit the highest price of $15.56 during that period. The average intraday trading volume for Sportradar Group AG shares is 306.56K. The stock is currently trading 11.68% above its 20-day simple moving average (SMA20), while that difference is up 11.93% for SMA50 and it goes to 5.32% higher than SMA200.

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Sportradar Group AG (NASDAQ: SRAD) currently have 207.56M outstanding shares and institutions hold larger chunk of about 42.53% of that.

The stock has a current market capitalization of $3.46B and its 3Y-monthly beta is at 1.97. PE ratio of stock for trailing 12 months is 98.48, while it has posted earnings per share of $0.12 in the same period. It has Quick Ratio of 1.24 while making debt-to-equity ratio of 0.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SRAD, volatility over the week remained 2.71% while standing at 3.11% over the month.

Analysts are in expectations that Sportradar Group AG (SRAD) stock would likely to be making an EPS of $0.06 in the current quarter, while forecast for next quarter EPS is $0.06 and it is $0.46 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.01 which is $0.11 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.02 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 160.19% while it is estimated to increase by 31.45% in next year.

Coverage by Jefferies stated Sportradar Group AG (SRAD) stock as a Hold in their note to investors on January 09, 2023, suggesting a price target of $10 for the stock. On November 21, 2022, Morgan Stanley Initiated their recommendations, while on October 04, 2022, BofA Securities Downgrade their ratings for the stock with a price target of $8. Stock get a Buy rating from Needham on August 18, 2022.

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