Rush Street Interactive Inc (NYSE:RSI) price on current trading day, rose 3.18% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $13.30.
A look at the stock’s price movement, the close in the last trading session was $12.89. Turning to its 52-week performance, $16.78 and $5.22 were the 52-week high and 52-week low respectively. Overall, RSI moved -5.34% over the past month.
Rush Street Interactive Inc’s market cap currently stands at around $3.00 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 241.35M for the company’s revenue for the quarter, with a low and high estimate of 232.04M and 254.1M respectively. The average forecast suggests up to a 11.00% 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 1.04B, representing a 12.77% 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 50% Buy. On the other hand, the stock is on average a 50% 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 -9.23% and -7.08% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.19, while 7-day volatility ratio is 6.61% and 5.76% in the 30-day chart. Further, Rush Street Interactive Inc (RSI) has a beta value of 1.78, and an average true range (ATR) of 0.84. Analysts have given the company’s stock an average 52-week price target of $16, forecast between a low of $15 and high of $17. Looking at the price targets, the low is -12.78% off current price level while to achieve the yearly target high, price needs to move -27.82%. Nonetheless, investors will most likely welcome a -20.3% jump to $16 which is the analysts’ median price.
If we refocus on Rush Street Interactive Inc (NYSE:RSI), historical trading data shows that trading volumes averaged 1.81 million over the past 3 months. The company’s latest data on shares outstanding shows there are 83.58 million shares.
The 8.24% of Rush Street Interactive Inc’s shares are in the hands of company insiders while institutional holders own 87.28% of the company’s shares. Current price change has pushed the stock -3.06% 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.
