BATRA Stock Summary and Trading Ideas (Atlanta Braves Holdings - Series A | NASDAQ:BATRA)

Atlanta Braves Holdings Inc is a holding company. It operates through its wholly-owned subsidiary, which is the owner and operator of the Atlanta Braves Major League Baseball Club and the mixed-use real estate development, The Battery Atlanta, and is the operator of the Atlanta Braves Major League Baseball Club's stadium, Truist Park. The company predominantly derives revenue related to the Braves baseball franchise and Truist Park from ticket sales, concessions, local broadcasting rights, advertising sponsorships, suites and premium seat fees, retail and licensing revenue, shared MLB revenue streams, including national broadcasting rights and licensing, and other sources. The company's reportable segments include, baseball which generates key revenue, and mixed-use development.

Atlanta Braves Holdings - Series A trades on the NASDAQ stock market under the symbol BATRA.

As of April 19, 2024, BATRA stock price climbed to $40.29 with 44,003 million shares trading.

BATRA has a beta of 0.85, meaning it tends to be less sensitive to market movements. BATRA has a correlation of 0.18 to the broad based SPY ETF.

BATRA has a market cap of $2.49 billion. This is considered a Mid Cap stock.

Last quarter Atlanta Braves Holdings - Series A reported $68 million in Revenue and -$.52 earnings per share. This beat revenue expectation by $11 million and missed earnings estimates by -$.52.

In the last 3 years, BATRA stock traded as high as $54.94 and as low as $24.50.

BATRA has underperformed the market in the last year with a price return of +9.0% while the SPY ETF gained +21.2%. BATRA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.5% and -5.2%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

BATRA support price is $39.54 and resistance is $40.72 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BATRA stock will trade within this expected range on the day.