While Sportradar Group AG has underperformed by -0.79%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SRAD fell by -13.08%, with highs and lows ranging from $15.56 to $8.08, whereas the simple moving average fell by -8.20% in the last 200 days.
On September 07, 2023, JMP Securities started tracking Sportradar Group AG (NASDAQ: SRAD) recommending Mkt Perform. A report published by Jefferies on January 09, 2023, Downgraded its rating to ‘Hold’ for SRAD. Morgan Stanley also rated SRAD shares as ‘Equal-Weight’, setting a target price of $12 on the company’s shares in an initiating report dated November 21, 2022. BofA Securities October 04, 2022d the rating to Underperform on October 04, 2022, and set its price target from $14 to $8. Needham resumed its ‘Buy’ rating for SRAD, as published in its report on August 18, 2022. BofA Securities’s report from April 04, 2022 suggests a price prediction of $18 for SRAD shares, giving the stock a ‘Neutral’ 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 29.09%, showing a positive trend in the upcoming months.
One of the most important indicators of Sportradar Group AG’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 4.33% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.24, 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 also provide valuable insight into volatility, and SRAD is recording 315.13K average volume. On a monthly basis, the volatility of the stock is set at 4.10%, whereas on a weekly basis, it is put at 5.24%, with a loss of -13.01% over the past seven days. Furthermore, long-term investors anticipate a median target price of $14.54, showing growth from the present price of $10.10, 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?
The Software – Application market is dominated by Sportradar Group AG (SRAD) 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 85.45, there is a growth in quarterly earnings of 170.31%.
Along with the fundamentals, it is also important to consider how many employees own shares of 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 50.66%. 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 42.39% 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 42.39% at present.
