Rush Street Interactive Inc (NYSE: RSI) is 169.49% higher on its value in year-to-date trading and has touched a low of $3.56 and a high of $11.69 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 $11.59 in the last trading session, with the day’s gains setting it 0.51%.
Currently trading at $12.10, the stock is 11.35% and 14.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.08 million and changing 4.40% at the moment leaves the stock 42.19% off its SMA200. RSI registered 178.80% gain for a year compared to 6-month gain of 38.60%. The firm has a 50-day simple moving average (SMA 50) of $10.4884 and a 200-day simple moving average (SMA200) of $8.47615.
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The stock witnessed a 6.51% loss in the last 1 month and extending the period to 3 months gives it a 33.85%, and is 18.98% 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 5.39% over the week and 4.88% over the month.
Rush Street Interactive Inc (RSI) has around 820 employees, a market worth around $2.73B and $863.77M in sales. Fwd P/E is 33.74. Profit margin for the company is -0.16%. Distance from 52-week low is 239.89% and 3.51% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.62%).
with sales reaching $243.93M over the same period.The EPS is expected to grow by 225.76% this year, but quarterly earnings will post 32.20% year-over-year. Quarterly sales are estimated to grow 25.80% in year-over-year returns.
Rush Street Interactive Inc (RSI) Top Institutional Holders
The shares outstanding are 88.61M, and float is at 79.51M with Short Float at 6.40%.
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 WIERBICKI PAUL, the company’s Chief Legal Officer. SEC filings show that WIERBICKI PAUL sold 35,000 shares of the company’s common stock on Nov 11 ’24 at a price of $11.23 per share for a total of $0.39 million. Following the sale, the insider now owns 0.14 million shares.
Still, SEC filings show that on Aug 27 ’24, ROOSILEHT EINAR (Chief Information Officer) disposed off 150,000 shares at an average price of $9.09 for $1.36 million. The insider now directly holds 809,260 shares of Rush Street Interactive Inc (RSI).
