Rush Street Interactive Inc (NYSE: RSI) has seen a rise in its stock price by 0.47 in relation to its previous close of 6.39. However, the company has experienced a 8.26% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-01 that Rush Street Interactive, Inc. (RSI) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.03 per share. This compares to loss of $0.08 per share a year ago.
Is It Worth Investing in Rush Street Interactive Inc (NYSE: RSI) Right Now?
Moreover, the 36-month beta value for RSI is 1.57. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RSI is 69.54M and currently, short sellers hold a 3.01% of that float. On May 02, 2024, RSI’s average trading volume was 1.21M shares.
RSI’s Market Performance
RSI stock saw a decrease of 8.26% in the past week, with a monthly decline of -4.61% and a quarterly a decrease of 23.22%. The volatility ratio for the week is 4.79%, and the volatility levels for the last 30 days are 4.55% for Rush Street Interactive Inc (RSI). The simple moving average for the last 20 days is -0.92% for RSI stock, with a simple moving average of 32.74% for the last 200 days.
Analysts’ Opinion of RSI
Many brokerage firms have already submitted their reports for RSI stocks, with Craig Hallum repeating the rating for RSI by listing it as a “Buy.” The predicted price for RSI in the upcoming period, according to Craig Hallum is $8 based on the research report published on April 19, 2024 of the current year 2024.
Susquehanna gave a rating of “Neutral” to RSI, setting the target price at $6 in the report published on March 04th of the current year.
RSI Trading at 4.31% 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 -12.18% of loss for the given period.
Volatility was left at 4.55%, however, over the last 30 days, the volatility rate increased by 4.79%, as shares sank -6.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.64% upper at present.
During the last 5 trading sessions, RSI rose by +8.26%, which changed the moving average for the period of 200-days by +90.50% in comparison to the 20-day moving average, which settled at $6.46. In addition, Rush Street Interactive Inc saw 42.98% 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 23,737 shares at the price of $6.11 back on Apr 19 ’24. After this action, SCHWARTZ RICHARD TODD now owns 2,062,997 shares of Rush Street Interactive Inc, valued at $145,138 using the latest closing price.
Sauers Kyle, the Chief Financial Officer of Rush Street Interactive Inc, sale 15,983 shares at $6.11 during a trade that took place back on Apr 19 ’24, which means that Sauers Kyle is holding 550,174 shares at $97,726 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 1.83. 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
To wrap up, the performance of Rush Street Interactive Inc (RSI) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
