Rush Street Interactive Inc (NYSE:RSI) price on Wednesday, November 13, fall -5.04% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $11.49.
A look at the stock’s price movement, the close in the last trading session was $12.10, moving within a range at $11.47 and $12.45. The beta value (5-Year monthly) was 1.667. Turning to its 52-week performance, $12.18 and $3.56 were the 52-week high and 52-week low respectively. Overall, RSI moved 4.26% over the past month.
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Rush Street Interactive Inc’s market cap currently stands at around $2.59 billion, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 243.87M for the company’s revenue for the quarter, with a low and high estimate of 238.96M and 250.5M respectively. The average forecast suggests up to a 25.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 913.78M, representing a 32.21% 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.
8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 8 recommend RSI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
RSI’s current price about 5.56% and 8.44% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.05, while 7-day volatility ratio is 6.13% and 5.15% in the 30-day chart. Further, Rush Street Interactive Inc (RSI) has a beta value of 1.68, and an average true range (ATR) of 0.59. Analysts have given the company’s stock an average 52-week price target of $14, forecast between a low of $8 and high of $17. Looking at the price targets, the low is 30.37% off current price level while to achieve the yearly target high, price needs to move -47.95%. Nonetheless, investors will most likely welcome a -21.85% jump to $14 which is the analysts’ median price.
If we refocus on Rush Street Interactive Inc (NYSE:RSI), historical trading data shows that trading volumes averaged 3.72 over the past 10 days and 1.86 million over the past 3 months. The company’s latest data on shares outstanding shows there are 88.61 million shares.
The 10.26% of Rush Street Interactive Inc’s shares are in the hands of company insiders while institutional holders own 77.51% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.09 million on 2024-10-31, giving us a short ratio of 3.18. The data shows that as of 2024-10-31 short interest in Rush Street Interactive Inc (RSI) stood at 603.99998 of shares outstanding, with shares short rising to 4.23 million registered in 2024-09-30. Current price change has pushed the stock 155.90% 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.
