Sportradar Group saw its IBD SmartSelect Composite Rating jump to 96 Wednesday, up from 94 the day before.
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The new score indicates the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Sportradar Group is now out of buy range after breaking out from a 25.85 entry in a cup without handle.
One weak spot is the company's 37 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
The company posted a 0% earnings gain for Q1. Revenue growth increased 17%, up from 14% in the prior quarter. That marks one quarter of increasing revenue increases. The company's next quarterly report is expected on or around Aug. 5.
Sportradar Group earns the No. 3 rank among its peers in the Leisure-Gaming/Equipment industry group. Rush Street Interactive is the No. 1-ranked stock within the group.
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