This “strong buy” stock is seriously flying under the radar
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Sportradar (Srad) has shown strong technical momentum, winning a new 52-week high on Tuesday, July 2nd.
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Srad has a 100% technical “buy” signal via BarChart.
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The stock has won 150% over the past year, with bullish signals from Barchart’s trend seekers continuing.
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The basis shows projected double-digit revenue growth, but revenue is volatile.
Valued at $30.8 billion, Sportradar Group (SRAD) is a provider of sports betting and sports entertainment products and services.
I used the powerful screening feature of Bar Chart to find the charts for the day today. I sorted the stocks with the best technical purchase signals, excellent current momentum in both strength and direction, and the “buy” signal of trend seekers. We then used BarChart’s FlipCharts feature to check the chart for consistent price increases. Srad checks these boxes. Since Trendseeker signaled its purchase on April 14th, stocks have risen 20.6%.
Srad Price vs. Daily Moving Average:
Editor’s Note: The following technical metrics are updated live during sessions every 20 minutes, so they may change daily as the market fluctuates. Therefore, the indicator numbers listed below may not match those shown live on the Barchart.com website when reading this report. These technical indicators form the Bar Chart opinion on a particular stock.
Invest in gold
Sportradar’s shares hit a new 52-week high on July 1st, reaching $28.50 in intraday trading.
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Sportradar has a 100% technical “buy” signal.
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The stock recently traded at $27.50, surpassing its 50-day moving average of $24.32.
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Srad’s weighted alpha is +137.98.
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Stock prices have increased 150% over the past year.
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Srad still has the “buy” signal from the trend seeker.
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Sportradar is traded above the 20, 50, and 100-day moving averages.
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The stock hit a new high of 12 last month, reaching 12.4%.
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The relative strength index is 74.69%.
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The technical support level is $27.20.
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Market capitalization of $30.8 billion.
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A successive price return rate of 147.79 times.
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Revenue is projected to increase by 15.36% this year and another 15.17% next year.
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Revenue is estimated to fall by 18.45% this year, but it will increase by 50.71% next year.