Sportradar Group AG (NASDAQ: SRAD) has a price-to-earnings ratio of 84.15x that is above its average ratio. Additionally, the 36-month beta value for SRAD is 2.16. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 3 rating it as “overweight,” 2 rating it as “hold,” and 1 rating it as “sell.”
The public float for SRAD is 153.62M and currently, short sellers hold a 2.94% ratio of that float. The average trading volume of SRAD on November 22, 2024 was 586.93K shares.
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SRAD) stock’s latest price update
Sportradar Group AG (NASDAQ: SRAD)’s stock price has dropped by 0.00 in relation to previous closing price of 17.50. Nevertheless, the company has seen a gain of 0.84% in its stock price over the last five trading days. globenewswire.com reported 2024-11-21 that NEW YORK and ST. GALLEN, Switzerland, Nov. 21, 2024 (GLOBE NEWSWIRE) — Sportradar (NASDAQ: SRAD) today announced a multiyear agreement with Major League Baseball (MLB) to offer unparalleled sports performance analysis of amateur baseball prospects, through its Synergy Coaching and Scouting solution, to the league and its 30 Clubs. This new partnership will revolutionize player talent scouting through Sportradar’s advanced, proprietary technology and highlights Sportradar’s commitment to delivering innovative and game-changing solutions to the league.
SRAD’s Market Performance
SRAD’s stock has risen by 0.84% in the past week, with a monthly rise of 43.28% and a quarterly rise of 49.40%. The volatility ratio for the week is 3.37% while the volatility levels for the last 30 days are 3.68% for Sportradar Group AG The simple moving average for the last 20 days is 17.75% for SRAD’s stock, with a simple moving average of 54.40% for the last 200 days.
Analysts’ Opinion of SRAD
Many brokerage firms have already submitted their reports for SRAD stocks, with JP Morgan repeating the rating for SRAD by listing it as a “Overweight.” The predicted price for SRAD in the upcoming period, according to JP Morgan is $15 based on the research report published on October 21, 2024 of the current year 2024.
JMP Securities, on the other hand, stated in their research note that they expect to see SRAD reach a price target of $16. The rating they have provided for SRAD stocks is “Mkt Outperform” according to the report published on September 04th, 2024.
Jefferies gave a rating of “Buy” to SRAD, setting the target price at $16 in the report published on August 14th of the current year.
SRAD Trading at 31.78% from the 50-Day Moving Average
After a stumble in the market that brought SRAD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.99% of loss for the given period.
Volatility was left at 3.68%, however, over the last 30 days, the volatility rate increased by 3.37%, as shares surge +41.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +50.69% upper at present.
During the last 5 trading sessions, SRAD rose by +0.84%, which changed the moving average for the period of 200-days by +70.68% in comparison to the 20-day moving average, which settled at $14.86. In addition, Sportradar Group AG saw 58.33% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SRAD starting from Koerl Carsten, who proposed sale 57,614 shares at the price of $11.18 back on Aug 09 ’24. After this action, Koerl Carsten now owns shares of Sportradar Group AG, valued at $644,125 using the latest closing price.
Koerl Carsten, the Officer of Sportradar Group AG, proposed sale 43,150 shares at $11.11 during a trade that took place back on Aug 08 ’24, which means that Koerl Carsten is holding shares at $479,396 based on the most recent closing price.
Stock Fundamentals for SRAD
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.66 for the gross margin
The net margin for Sportradar Group AG stands at 0.06. The total capital return value is set at 0.02. Equity return is now at value 6.93, with 3.20 for asset returns.
Based on Sportradar Group AG (SRAD), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 6.75. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is 0.64.
Currently, EBITDA for the company is 285.01 million with net debt to EBITDA at -0.75. When we switch over and look at the enterprise to sales, we see a ratio of 4.43. The receivables turnover for the company is 6.28for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.
Conclusion
In conclusion, Sportradar Group AG (SRAD) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
