While Sportradar Group AG has overperformed by 2.35%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SRAD rose by 24.82%, with highs and lows ranging from $12.97 to $8.08, whereas the simple moving average jumped by 12.12% in the last 200 days.
On September 04, 2024, JMP Securities Upgraded Sportradar Group AG (NASDAQ: SRAD) to Mkt Outperform. A report published by Jefferies on August 14, 2024, Upgraded its rating to ‘Buy’ for SRAD. JP Morgan also rated SRAD shares as ‘Neutral’, setting a target price of $12 on the company’s shares in an initiating report dated June 18, 2024. Jefferies January 09, 2023d its ‘Buy’ rating to ‘Hold’ for SRAD, as published in its report on January 09, 2023. Morgan Stanley’s report from November 21, 2022 suggests a price prediction of $12 for SRAD shares, giving the stock a ‘Equal-Weight’ rating. BofA Securities also rated the stock as ‘Underperform’.
Analysis of Sportradar Group AG (SRAD)
Further, the quarter-over-quarter increase in sales is 27.24%, showing a positive trend in the upcoming months.
Sportradar Group AG’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 3.22% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.54, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and SRAD is registering an average volume of 499.86K. On a monthly basis, the volatility of the stock is set at 2.67%, whereas on a weekly basis, it is put at 3.06%, with a gain of 2.79% over the past seven days. Furthermore, long-term investors anticipate a median target price of $14.88, showing growth from the present price of $12.17, which can serve as yet another indication of whether SRAD is worth investing in or should be passed over.
How Do You Analyze Sportradar Group AG Shares?
A giant in the Software – Application market, Sportradar Group AG (SRAD) is based in the Switzerland. When comparing Sportradar Group AG shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 139.89, there is a growth in quarterly earnings of -1833.33%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 49.87%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 43.31% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SRAD shares are owned by institutional investors to the tune of 43.31% at present.
