Volatility Is Your Friend: Sportradar Group AG (SRAD) Is Hot Again

Sportradar Group AG (NASDAQ:SRAD) does about 338.64K shares in volume on a normal day but saw 741433 shares change hands in Tuesday’s trading. The company now has a market cap of 2.83B USD. Its current market price is $9.50, marking an increase of 0.85% compared to the previous close of $9.42. The 52 week high reached by this stock is $15.56 whilst the lowest price level in 52 weeks is $8.08.

Sportradar Group AG (SRAD) has a 20-day trading average at $9.49 and the current price is -38.97% off the 52-week high compared with 17.57% distance from its 52-week low. The 50-day simple moving average of the closing price is $10.29 and its 200-day simple moving average is $10.51. If we look at the stock’s price movements over the week, volatility stands at 2.48%, which increases to 2.53% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 41.76 to suggest the stock is neutral.

The consensus objective for the share price is $14.57, suggesting that the stock has a potential upside of 34.8% over the period.

Jefferies downgraded the stock to “Hold” from Buy on January 09, 2023 at a price target of $18-$10. Morgan Stanley initiated its price target at $12.

Sportradar Group AG (SRAD) stock is up 1.60% over the week and -6.68% over the past month. Its price is -14.03% year-to-date and -17.89% over the past year.

To reach the target analysts have set, the stock logically needs to grow 34.8 percent from here.

The company has a return on investment of 3.72% and return on equity of 4.33%. The price to earnings ratio (P/E ratio) amounts to 80.37 while the forward price to earnings ratio is 23.66. The beta has a value of 2.02. Price to book ratio is 2.95 and price to sales ratio is 2.98.