I was looking around at data companies such as Alteryx (NYSE:AYX), Palantir and Splunk and I came across the sports version of these.
The data metric I found interesting is that they are outperforming the global index for sports betting which I found to be 10% cited here: https://www.grandviewresearch.com/industry-analysis/sports-betting-market-report. SRAD grew 2022 Q3 revenues at 31%. In the past when a company outperforms their own industry it warrants a closer look. So I did just that.
Are they worth a small buy ahead of earnings next month?
Price – $11.92
Market Cap – $3.51bn
2022 forecast revenue – $750m
Volume – 117k
% of float shorted 2.97%
Let’s get a conversation going about SRAD!
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