The stock of Rush Street Interactive Inc (RSI) has seen a -2.92% decrease in the past week, with a 9.82% gain in the past month, and a 18.00% flourish in the past quarter. The volatility ratio for the week is 3.36%, and the volatility levels for the past 30 days are at 3.53% for RSI. The simple moving average for the last 20 days is 2.82% for RSI’s stock, with a simple moving average of 36.92% for the last 200 days.
Is It Worth Investing in Rush Street Interactive Inc (NYSE: RSI) Right Now?
Moreover, the 36-month beta value for RSI is 1.67. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for RSI is 74.53M and currently, short sellers hold a 5.66% of that float. On October 02, 2024, RSI’s average trading volume was 1.75M shares.
RSI) stock’s latest price update
The stock of Rush Street Interactive Inc (NYSE: RSI) has decreased by -5.16 when compared to last closing price of 10.85.Despite this, the company has seen a loss of -2.92% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-11 that Rush Street Interactive has shown impressive growth over the past year, with a 150% share price increase since January 2024 and a 34% YoY revenue jump in Q2 2024. The company is facing some headwinds from rising competition and regulatory challenges, including higher taxes in Illinois that could spread to other states. RSI’s potential to break the $9.5 resistance level and continued growth trajectory could make this a multi-bagger opportunity, although the recent insider selling activity raises some concerns.
Analysts’ Opinion of RSI
Many brokerage firms have already submitted their reports for RSI stocks, with Needham repeating the rating for RSI by listing it as a “Buy.” The predicted price for RSI in the upcoming period, according to Needham is $10 based on the research report published on May 17, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see RSI reach a price target of $8, previously predicting the price at $7. The rating they have provided for RSI stocks is “Buy” according to the report published on April 19th, 2024.
RSI Trading at 5.39% 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 -11.22% of loss for the given period.
Volatility was left at 3.53%, however, over the last 30 days, the volatility rate increased by 3.36%, as shares surge +14.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading unchanged at present.
During the last 5 trading sessions, RSI fell by -2.92%, which changed the moving average for the period of 200-days by +143.26% in comparison to the 20-day moving average, which settled at $10.07. In addition, Rush Street Interactive Inc saw 129.18% 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 ROOSILEHT EINAR, who sale 150,000 shares at the price of $9.09 back on Aug 27 ’24. After this action, ROOSILEHT EINAR now owns 809,260 shares of Rush Street Interactive Inc, valued at $1,362,900 using the latest closing price.
ROOSILEHT EINAR, the Officer of Rush Street Interactive Inc, proposed sale 150,000 shares at $9.09 during a trade that took place back on Aug 27 ’24, which means that ROOSILEHT EINAR is holding shares at $1,362,905 based on the most recent closing price.
Stock Fundamentals for RSI
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.3 for the gross margin
The net margin for Rush Street Interactive Inc stands at -0.01. The total capital return value is set at -0.04. Equity return is now at value -11.82, with -2.12 for asset returns.
Based on Rush Street Interactive Inc (RSI), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 32.99. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -3.72.
Currently, EBITDA for the company is -21.85 million with net debt to EBITDA at -8.59. When we switch over and look at the enterprise to sales, we see a ratio of 2.65. The receivables turnover for the company is 29.81for trailing twelve months and the total asset turnover is 2.35. 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 bullish 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.
