Within its last year performance, SRAD rose by 76.36%, with highs and lows ranging from $17.85 to $9.17, whereas the simple moving average jumped by 54.40% in the last 200 days.
On October 21, 2024, JP Morgan Upgraded Sportradar Group AG (NASDAQ: SRAD) to Overweight. A report published by JMP Securities on September 04, 2024, Upgraded its rating to ‘Mkt Outperform’ for SRAD. Jefferies also Upgraded SRAD shares as ‘Buy’, setting a target price of $16 on the company’s shares in a report dated August 14, 2024. JP Morgan Initiated an Neutral rating on June 18, 2024, and assigned a price target of $12. JMP Securities initiated its ‘Mkt Perform’ rating for SRAD, as published in its report on September 07, 2023. Jefferies’s report from January 09, 2023 suggests a price prediction of $10 for SRAD shares, giving the stock a ‘Hold’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.
Analysis of Sportradar Group AG (SRAD)
Further, the quarter-over-quarter increase in sales is 28.18%, showing a positive trend in the upcoming months.
Sportradar Group AG’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 6.93% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.53, 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.
The average volume for any stock is also a very valuable indicator of volatility, and SRAD has an average volume of 586.93K. On a monthly basis, the volatility of the stock is set at 3.68%, whereas on a weekly basis, it is put at 3.37%, with a gain of 0.84% over the past seven days. Furthermore, long-term investors anticipate a median target price of $17.31, showing decline from the present price of $17.50, 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?
Software – Application giant Sportradar Group AG (SRAD) is based in the Switzerland and is one of the largest companies in the market. 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 84.15, there is a growth in quarterly earnings of 795.39%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 48.44%. 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 45.05% 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 45.05% at present.
