Rush Street Interactive Inc (NYSE: RSI) has experienced a decline in its stock price by -5.56 compared to its previous closing price of 7.19. However, the company has seen a fall of -0.88% in its stock price over the last five trading days. InvestorPlace reported 2024-04-03 that Gold shines as geopolitical conflict escalates
Is It Worth Investing in Rush Street Interactive Inc (NYSE: RSI) Right Now?
Additionally, the 36-month beta value for RSI is 1.57. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for RSI is 69.59M and currently, short sellers hold a 3.18% ratio of that float. The average trading volume of RSI on April 11, 2024 was 1.31M shares.
RSI’s Market Performance
The stock of Rush Street Interactive Inc (RSI) has seen a -0.88% decrease in the past week, with a 17.27% rise in the past month, and a 73.21% gain in the past quarter. The volatility ratio for the week is 4.36%, and the volatility levels for the past 30 days are at 5.09% for RSI. The simple moving average for the last 20 days is 5.62% for RSI’s stock, with a simple moving average of 47.38% for the last 200 days.
Analysts’ Opinion of RSI
Susquehanna, on the other hand, stated in their research note that they expect to see RSI reach a price target of $6, previously predicting the price at $5. The rating they have provided for RSI stocks is “Neutral” according to the report published on March 04th, 2024.
Susquehanna gave a rating of “Positive” to RSI, setting the target price at $4.25 in the report published on April 06th of the previous year.
RSI Trading at 14.24% from the 50-Day Moving Average
After a stumble in the market that brought RSI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.11% of loss for the given period.
Volatility was left at 5.09%, however, over the last 30 days, the volatility rate increased by 4.36%, as shares surge +15.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.05% upper at present.
During the last 5 trading sessions, RSI fell by -0.88%, which changed the moving average for the period of 200-days by +125.58% in comparison to the 20-day moving average, which settled at $6.47. In addition, Rush Street Interactive Inc saw 51.22% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RSI starting from SCHWARTZ RICHARD TODD, who sale 106,439 shares at the price of $6.67 back on Apr 02 ’24. After this action, SCHWARTZ RICHARD TODD now owns 2,048,179 shares of Rush Street Interactive Inc, valued at $709,937 using the latest closing price.
SCHWARTZ RICHARD TODD, the Chief Executive Officer of Rush Street Interactive Inc, sale 101,951 shares at $6.78 during a trade that took place back on Apr 01 ’24, which means that SCHWARTZ RICHARD TODD is holding 2,154,618 shares at $691,126 based on the most recent closing price.
Stock Fundamentals for RSI
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.32 for the gross margin
The net margin for Rush Street Interactive Inc stands at -0.05. The total capital return value is set at -0.29. Equity return is now at value -33.34, with -5.47 for asset returns.
Based on Rush Street Interactive Inc (RSI), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -4.58. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -36.09.
Currently, EBITDA for the company is -21.85 million with net debt to EBITDA at 7.77. When we switch over and look at the enterprise to sales, we see a ratio of 1.94. The receivables turnover for the company is 15.71for trailing twelve months and the total asset turnover is 2.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.66.
Conclusion
In conclusion, Rush Street Interactive Inc (RSI) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
