Rush Street Interactive Inc (NYSE: RSI) is 2.41% higher on its value in year-to-date trading and has touched a low of $5.11 and a high of $15.98 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 $13.90 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $14.05, the stock is -1.95% and 2.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.47 million and changing 1.08% at the moment leaves the stock 34.87% off its SMA200. RSI registered 163.60% gain for a year compared to 6-month gain of 38.42%. The firm has a 50-day simple moving average (SMA 50) of $13.6588 and a 200-day simple moving average (SMA200) of $10.383.
The stock witnessed a 4.15% loss in the last 1 month and extending the period to 3 months gives it a 30.82%, and is -6.46% 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 5.47% over the week and 4.69% over the month.
Rush Street Interactive Inc (RSI) has around 820 employees, a market worth around $3.17B and $863.77M in sales. Fwd P/E is 37.47. Profit margin for the company is -0.16%. Distance from 52-week low is 174.95% and -12.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.62%).
with sales reaching $243.91M over the same period.The EPS is expected to grow by 224.29% this year, but quarterly earnings will post 32.21% year-over-year. Quarterly sales are estimated to grow 25.82% in year-over-year returns.
Rush Street Interactive Inc (RSI) Top Institutional Holders
The shares outstanding are 83.58M, and float is at 81.08M with Short Float at 7.55%.
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 SCHWARTZ RICHARD TODD, the company’s Chief Executive Officer. SEC filings show that SCHWARTZ RICHARD TODD sold 6,739 shares of the company’s common stock on Jan 14 ’25 at a price of $14.47 per share for a total of $97514.0. Following the sale, the insider now owns 2.39 million shares.
Rush Street Interactive Inc disclosed in a document filed with the SEC on Jan 13 ’25 that SCHWARTZ RICHARD TODD (Chief Executive Officer) sold a total of 4,419 shares of the company’s common stock. The trade occurred on Jan 13 ’25 and was made at $13.75 per share for $60779.0. Following the transaction, the insider now directly holds 2.39 million shares of the RSI stock.
Still, SEC filings show that on Jan 14 ’25, WIERBICKI PAUL (Chief Legal Officer) disposed off 7,500 shares at an average price of $15.00 for $0.11 million. The insider now directly holds 139,387 shares of Rush Street Interactive Inc (RSI).
