Rush Street Interactive Inc (NYSE: RSI)’s stock price has increased by 5.15 compared to its previous closing price of 11.26. However, the company has seen a -2.15% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-11-18 that RIGL, SYF, SKYW, ALNT and RSI are five stocks with explosive relative price strength.
Is It Worth Investing in Rush Street Interactive Inc (NYSE: RSI) Right Now?
The 36-month beta value for RSI is at 1.66. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for RSI is 79.55M, and currently, shorts hold a 6.40% of that float. The average trading volume for RSI on November 20, 2024 was 1.90M shares.
RSI’s Market Performance
The stock of Rush Street Interactive Inc (RSI) has seen a -2.15% decrease in the past week, with a 10.45% rise in the past month, and a 25.16% gain in the past quarter. The volatility ratio for the week is 5.85%, and the volatility levels for the past 30 days are at 5.63% for RSI. The simple moving average for the past 20 days is 7.86% for RSI’s stock, with a 36.69% simple moving average for the past 200 days.
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 9.93% 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 -4.98% of loss for the given period.
Volatility was left at 5.63%, however, over the last 30 days, the volatility rate increased by 5.85%, as shares surge +8.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.63% upper at present.
During the last 5 trading sessions, RSI fell by -2.15%, which changed the moving average for the period of 200-days by +119.26% in comparison to the 20-day moving average, which settled at $10.98. In addition, Rush Street Interactive Inc saw 163.70% 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 103,905 shares at the price of $11.02 back on Nov 15 ’24. After this action, SCHWARTZ RICHARD TODD now owns 1,703,578 shares of Rush Street Interactive Inc, valued at $1,145,085 using the latest closing price.
SCHWARTZ RICHARD TODD, the Chief Executive Officer of Rush Street Interactive Inc, sale 90,000 shares at $11.20 during a trade that took place back on Nov 18 ’24, which means that SCHWARTZ RICHARD TODD is holding 1,613,578 shares at $1,008,090 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
- 0.31 for the gross margin
The net margin for Rush Street Interactive Inc stands at -0.0. The total capital return value is set at 0.05. Equity return is now at value -2.25, with -0.40 for asset returns.
Currently, EBITDA for the company is -21.85 million with net debt to EBITDA at -5.04. When we switch over and look at the enterprise to sales, we see a ratio of 2.85. The receivables turnover for the company is 29.88for trailing twelve months and the total asset turnover is 2.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.71.
Conclusion
In conclusion, Rush Street Interactive Inc (RSI) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
