Rush Street Interactive Inc (NYSE: RSI) is 137.42% higher on its value in year-to-date trading and has touched a low of $3.17 and a high of $11.59 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 $10.60 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $10.66, the stock is 10.06% and 9.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.04 million and changing 0.57% at the moment leaves the stock 44.43% off its SMA200. RSI registered 118.89% gain for a year compared to 6-month gain of 65.27%. The firm has a 50-day simple moving average (SMA 50) of $9.7136 and a 200-day simple moving average (SMA200) of $7.4145.
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The stock witnessed a 15.37% loss in the last 1 month and extending the period to 3 months gives it a 14.01%, and is 2.11% 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 3.06% over the week and 3.51% over the month.
Rush Street Interactive Inc (RSI) has around 820 employees, a market worth around $885.95M and $801.54M in sales. Fwd P/E is 34.04. Profit margin for the company is -0.84%. Distance from 52-week low is 235.75% and -8.02% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.33%).
Rush Street Interactive Inc quarterly earnings per share for the current quarter are estimated at -0.01 with sales reaching $205.94M over the same period.The EPS is expected to grow by 186.09% this year, but quarterly earnings will post 27.10% year-over-year.
The shares outstanding are 83.11M, and float is at 74.53M with Short Float at 5.66%.
The top institutional shareholder in the company is HG VORA CAPITAL MANAGEMENT, LLC with over 7.0 million shares valued at $67.13 million. The investor’s holdings represent 9.2072 of the RSI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.74 million shares valued at $64.68 million to account for 8.8718 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 5.71 million shares representing 7.5064 and valued at over $54.73 million, while DIVISADERO STREET CAPITAL MANAGEMENT, LP holds 5.0089 of the shares totaling 3.81 million with a market value of $36.52 million.
Rush Street Interactive Inc (RSI) Insider Activity
The most recent transaction is an insider sale by ROOSILEHT EINAR, the company’s Chief Information Officer. SEC filings show that ROOSILEHT EINAR sold 150,000 shares of the company’s common stock on Aug 27 ’24 at a price of $9.09 per share for a total of $1.36 million. Following the sale, the insider now owns 0.81 million shares.
Still, SEC filings show that on Aug 08 ’24, WIERBICKI PAUL (Chief Legal Officer) disposed off 20,437 shares at an average price of $9.53 for $0.19 million. The insider now directly holds 174,982 shares of Rush Street Interactive Inc (RSI).
