- Sportradar (SRAD) exhibits strong technical momentum, hitting a new 52-week high on Tuesday, July 2.
- SRAD has a 100% technical “Buy” signal via Barchart.
- The stock has gained 150% over the past year and shows continued bullish signals from Barchart’s Trend Seeker.
- Fundamentals show projected double-digit revenue growth, but earnings are volatile.
Today’s Featured Stock:
Valued at $30.8 billion, Sportradar Group (SRAD) is a provider of sports betting and sports entertainment products and services.
What I’m Watching:
I found today’s Chart of the Day by using Barchart’s powerful screening functions. I sorted for stocks with the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. SRAD checks those boxes. Since the Trend Seeker signaled a buy on April 14, the stock has gained 20.6%.
SRAD Price vs. Daily Moving Averages:
Barchart Technical Indicators for Sportradar:
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
Sportradar shares hit a new 52-week high on July 1, touching $28.50 in intraday trading.
- Sportradar has a 100% technical “Buy” signal.
- The stock recently traded at $27.50, above its 50-day moving average of $24.32.
- SRAD has a Weighted Alpha of +137.98.
- The stock has gained 150% over the past year.
- SRAD has its Trend Seeker “Buy” signal intact.
- Sportradar is trading above its 20, 50 and 100-day moving averages.
- The stock has made 12 new highs and gained 12.4% in the last month.
- Relative Strength Index is at 74.69%.
- The technical support level is $27.20.
Follow the Fundamentals:
- $30.8 billion market cap.
- Trailing price-earnings ratio of 147.79x.
- Revenue is projected to grow 15.36% this year and another 15.17% next year.
- Earnings are estimated to decrease 18.45% this year but increase by 50.71% next year.
Analyst and Investor Sentiment on Sportradar:
I don’t buy stocks because everyone else is buying, but I do realize that if major firms and investors are dumping a stock, it’s hard to make money swimming against the tide.
It looks like Wall Street analysts and major advisory sites are bullish on this stock.
- The Wall Street analysts tracked by Barchart issued 14 “Strong Buy,” one “Moderate Buy,” and one “Hold” opinion on the stock.
- Value Line does not rate the stock.
- CFRA’s MarketScope rates the stock a “Strong Buy.”
- MorningStar thinks the stock is 29% overvalued.
- 3,610 investors monitor the stock on Seeking Alpha, which rates the stock a “Strong Buy.”
The Bottom Line:
Sportradar currently has momentum and support from both the market and individual investors.
I caution that SRAD is volatile and speculative — use strict risk management and stop-loss strategies.
Today’s Chart of the Day was written by Jim Van Meerten. Read previous editions of the daily newsletter here.
Additional disclosure: The Barchart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
