Is it Time to Dump Sportradar Group AG (SRAD) Stock After it Is Up 15.16% in a Week?

Thursday, August 18, 2022 11:07 AM | InvestorsObserver Analysts

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The market has been high on Sportradar Group AG (SRAD) stock recently. SRAD gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sportradar Group AG has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SRAD!
See Full SRAD Report

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With SRAD Stock Today?

Sportradar Group AG (SRAD) stock is trading at $13.22 as of 11:06 AM on Thursday, Aug 18, a loss of -$0.18, or -1.31% from the previous closing price of $13.39. The stock has traded between $13.06 and $13.97 so far today. Volume today is less active than usual. So far 107,674 shares have traded compared to average volume of 221,497 shares. To screen for more stocks like Sportradar Group AG click here.

More About Sportradar Group AG

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

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