New Big Money Means Rush Street Interactive Inc (RSI) Investors Could Reap Benefit

Rush Street Interactive Inc (NYSE: RSI) is 31.40% higher on its value in year-to-date trading and has touched a low of $2.77 and a high of $5.64 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RSI stock was last observed hovering at around $5.55 in the last trading session, with the day’s gains setting it 0.35%.

Currently trading at $5.90, the stock is 19.05% and 31.18% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.04 million and changing 6.31% at the moment leaves the stock 47.99% off its SMA200. RSI registered 32.88% gain for a year compared to 6-month loss of 47.50%. The firm has a 50-day simple moving average (SMA 50) of $0.38 and a 200-day simple moving average (SMA200) of -$5.05.

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The stock witnessed a 50.51% gain in the last 1 month and extending the period to 3 months gives it a 32.58%, and is 11.11% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.85% over the week and 6.39% over the month.

Rush Street Interactive Inc (RSI) has around 700 employees, a market worth around $422.56M and $662.84M in sales. Fwd P/E is 308.74. Profit margin for the company is -3.86%. Distance from 52-week low is 113.00% and 4.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-48.93%).

Rush Street Interactive Inc quarterly earnings per share for the current quarter are estimated at -$0.03 with sales reaching $178.56M over the same period.The EPS is expected to grow by 68.86% this year, but quarterly earnings will post 14.10% year-over-year. Quarterly sales are estimated to grow 7.90% in year-over-year returns.

141 institutions hold shares in Rush Street Interactive Inc (RSI), with institutional investors hold 80.57% of the company’s shares. The shares outstanding are 65.11M, and float is at 65.10M with Short Float at 3.23%. Institutions hold 74.24% of the Float.

The top institutional shareholder in the company is HG Vora Capital Management, LLC with over 6.0 million shares valued at $18.72 million. The investor’s holdings represent 8.68% of the RSI Shares outstanding. As of Jun 29, 2023, the second largest holder is Canyon Capital Advisors LLC with 5.74 million shares valued at $17.89 million to account for 8.30% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 5.26 million shares representing 7.62% and valued at over $16.42 million, while Nomura Holdings Inc. holds 6.18% of the shares totaling 4.27 million with a market value of $13.33 million.

Rush Street Interactive Inc (RSI) Insider Activity

A total of 4 insider transactions have happened at Rush Street Interactive Inc (RSI) in the last six months, with sales accounting for 4 and purchases happening 0 times. The most recent transaction is an insider sale by Sauers Kyle, the company’s Chief Financial Officer. SEC filings show that Sauers Kyle sold 15,410 shares of the company’s common stock on Oct 24 at a price of $3.82 per share for a total of $58903.0. Following the sale, the insider now owns 0.43 million shares.

Rush Street Interactive Inc disclosed in a document filed with the SEC on Sep 28 that SCHWARTZ RICHARD TODD (Chief Executive Officer) sold a total of 57,992 shares of the company’s common stock. The trade occurred on Sep 28 and was made at $4.56 per share for $0.26 million. Following the transaction, the insider now directly holds 1.99 million shares of the RSI stock.

Still, SEC filings show that on Sep 28, Sauers Kyle (Chief Financial Officer) disposed off 23,199 shares at an average price of $4.56 for $0.11 million. The insider now directly holds 449,966 shares of Rush Street Interactive Inc (RSI).