We recently published an article titled These 10 Firms Led Lagged Performance on Wednesday. In this article, we are going to take a look at where Sportradar Group AG (NASDAQ:SRAD) stands against the other stocks.

Wall Street’s major indices finished in the green territory anew on Wednesday as worries about tariff policies and the Federal Reserve’s independence tapered off following President Donald Trump’s assurance that he had no intentions of ousting Jerome Powell.

The Nasdaq surged by 2.5 percent, the S&P 500 rose by 1.67 percent, while the Dow Jones increased by 1.07 percent.

Ten companies, on the other hand, led the highest declines, booking modest losses during the trading session.

In this article, we have identified Wednesday’s 10 worst-performing stocks and detailed the reasons behind their lagging performance.

To come up with the list, we considered only the stocks with more than $2 billion in market capitalization and $5 million in trading volume.

A customer data analyst working at a computer, surrounded by monitors displaying live sports data.

Sportradar Group AG (NASDAQ:SRAD)

Sportradar Group AG (NASDAQ:SRAD) dropped its share prices by 7.69 percent on Wednesday to end at $23.11 apiece following the release of its preliminary earnings results for the first quarter of the year.

In a statement, Sportradar Group AG (NASDAQ:SRAD) said it expects to report revenues between €307 million and €311 million and net income from €20 million to €24 million.

The preliminary data is based on the company’s internal figures and has yet to be audited by its independent accounting firm.

Sportradar Group AG (NASDAQ:SRAD) said official results will be released on May 12, 2025.

In recent news, Sportradar Group AG (NASDAQ:SRAD) announced that its affiliates were planning to sell up to 23 million shares in the company.

Concurrently, the company is repurchasing up to 3 million shares under its existing $200-million share repurchase program. Goldman Sachs and JP Morgan were tapped as the joint bookrunners for the offer.

Overall SRAD ranks 4th on our list of the worst performing stocks on Wednesday. While we acknowledge the potential of SRAD as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SRAD but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

 

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

 

Disclosure: None. This article is originally published at Insider Monkey.