If You’re Considering Buying Rush Street Interactive Inc (NYSE: RSI) Stock, Read This First.

Rush Street Interactive Inc (NYSE:RSI) price on Thursday, August 01, rose 10.59% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $11.07.

A look at the stock’s price movement, the level at last check in today’s session was $10.01. Turning to its 52-week performance, $10.55 and $3.17 were the 52-week high and 52-week low respectively. Overall, RSI moved 26.95% over the past month.

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Rush Street Interactive Inc’s market cap currently stands at around $882.06 million.

Analysts have a consensus estimate of 201.53M for the company’s revenue for the quarter, with a low and high estimate of 195.06M and 207.1M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 845.67M, representing a 22.40% jump on that reported in the last financial year.

Turning to the stock’s technical picture we see that short term indicators suggest on average that RSI is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.

RSI’s current price about 14.70% and 18.98% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.82, while 7-day volatility ratio is 4.05% and 4.67% in the 30-day chart. Further, Rush Street Interactive Inc (RSI) has a beta value of 1.67, and an average true range (ATR) of 0.49.

If we refocus on Rush Street Interactive Inc (NYSE:RSI), historical trading data shows that trading volumes averaged 1.99 million over the past 3 months. The company’s latest data on shares outstanding shows there are 72.39 million shares.

The 10.76% of Rush Street Interactive Inc’s shares are in the hands of company insiders while institutional holders own 74.15% of the company’s shares. Current price change has pushed the stock 146.55% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RSI stock continues to rise going into the next quarter.

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