Rush Street Interactive Inc (NYSE: RSI) is 194.88% higher on its value in year-to-date trading and has touched a low of $3.56 and a high of $14.92 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 $13.68 in the last trading session, with the day’s loss setting it -0.44%.
Currently trading at $13.24, the stock is 1.35% and 13.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.59 million and changing -3.22% at the moment leaves the stock 44.01% off its SMA200. RSI registered 243.01% gain for a year compared to 6-month gain of 48.93%. The firm has a 50-day simple moving average (SMA 50) of $11.6454 and a 200-day simple moving average (SMA200) of $9.1551.
The stock witnessed a 22.48% loss in the last 1 month and extending the period to 3 months gives it a 41.60%, and is -8.12% down 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 4.16% over the week and 5.45% over the month.
Rush Street Interactive Inc (RSI) has around 820 employees, a market worth around $2.89B and $863.77M in sales. Fwd P/E is 36.91. Profit margin for the company is -0.16%. Distance from 52-week low is 271.91% and -11.26% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.62%).
The EPS is expected to grow by 225.76% this year.
Rush Street Interactive Inc (RSI) Top Institutional Holders
The shares outstanding are 83.58M, and float is at 81.89M with Short Float at 6.27%.
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
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Rush Street Interactive Inc disclosed in a document filed with the SEC on Dec 02 ’24 that STETZ MATTIAS (Chief Operating Officer) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Dec 02 ’24 and was made at $14.50 per share for $0.36 million. Following the transaction, the insider now directly holds 0.55 million shares of the RSI stock.
Still, SEC filings show that on Dec 02 ’24, STETZ MATTIAS (Officer) Proposed Sale 25,000 shares at an average price of $14.50 for $0.36 million. The insider now directly holds shares of Rush Street Interactive Inc (RSI).
