SPORTRADAR GROUP AG-A (NASDAQ:SRAD) – A Strong Growth Stock with Technical Breakout Potential

SPORTRADAR GROUP AG-A (NASDAQ:SRAD) was identified by our screener as a strong growth stock with a favorable technical setup. The company combines solid fundamental growth metrics with a promising chart pattern, making it worth a closer look.

Strong Growth Fundamentals

• Revenue & Earnings Growth: SRAD has demonstrated impressive growth, with revenue increasing by 23.08% over the past year and earnings per share (EPS) rising by 69.23%. The company’s five-year average annual revenue growth stands at 23.81%, while EPS has grown at 21.84% annually.
• Future Expectations: Analysts project EPS growth of 66.45% in the coming years, reinforcing the company’s strong growth trajectory.
• Profitability & Health: While profitability is rated as average (6/10), SRAD scores well on financial health (7/10), with a low debt-to-equity ratio of 0.04 and strong liquidity metrics.

Technical Setup

• Breakout Potential: The stock is consolidating near a resistance zone between $23.74 and $23.98. A breakout above this level could signal further upside.
• Support Levels: Key support lies between $22.08 and $22.89, providing a potential stop-loss area for traders.
• Trend Strength: The long-term trend remains positive, and SRAD has outperformed 97% of its industry peers over the past year.

For a deeper dive into SRAD’s fundamentals, review the full fundamental report. The technical analysis report provides additional insights on price action and key levels.

Our Strong Growth Stocks with Good Technical Setup screener lists more stocks that meet these criteria and is updated daily.

Disclaimer

This is not investment advice. The observations here are based on data available at the time of writing. Always conduct your own research before making investment decisions.