SRAD Stock Summary and Trading Ideas (Sportradar Group Ag - Class A | NASDAQ:SRAD)

Sportradar Group AG is a technology platform enabling next-generation engagement in sports, and a provider of B2B solutions to the sports betting industry. It generates revenue through two primary sources: subscription-based revenue and revenue sharing.

Sportradar Group Ag - Class A trades on the NASDAQ stock market under the symbol SRAD.

As of December 3, 2024, SRAD stock price climbed to $17.44 with 1,068,974 million shares trading.

SRAD has a beta of 1.40, meaning it tends to be more sensitive to market movements. SRAD has a correlation of 0.20 to the broad based SPY ETF.

SRAD has a market cap of $5.20 billion. This is considered a Mid Cap stock.

Last quarter Sportradar Group Ag - Class A reported $280 million in Revenue and $.12 earnings per share. This beat revenue expectation by $22 million and exceeded earnings estimates by $.09.

In the last 3 years, SRAD traded as high as $19.48 and as low as $7.10.

The top ETF exchange traded funds that SRAD belongs to (by Net Assets): BETZ, ONEQ, STXK, GGME, BNGE.

SRAD has outperformed the market in the last year with a return of +70.8%, while the SPY ETF gained +33.1%. In the last 3 month period, SRAD beat the market returning +50.0%, while SPY returned +7.4%. However, in the most recent 2 weeks SRAD has underperformed the stock market by returning +1.3%, while SPY returned +2.7%.

SRAD support price is $16.91 and resistance is $17.65 (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 SRAD shares will trade within this expected range on the day.