Growth Story Still Intact For Rush Street Interactive Inc (RSI)

Rush Street Interactive Inc (RSI) concluded trading on Thursday at a closing price of $9.44, with 2.82 million shares of worth about $26.6 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 70.09% during that period and on August 08, 2024 the price saw a loss of about -1.46%. Currently the company’s common shares owned by public are about 72.39M shares, out of which, 71.11M shares are available for trading.

Stock saw a price change of -12.35% in past 5 days and over the past one month there was a price change of 9.13%. Year-to-date (YTD), RSI shares are showing a performance of 110.24% which increased to 120.56% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.17 but also hit the highest price of $11.59 during that period. The average intraday trading volume for Rush Street Interactive Inc shares is 1.95 million. The stock is currently trading -4.98% below its 20-day simple moving average (SMA20), while that difference is up 0.05% for SMA50 and it goes to 45.47% higher than SMA200.

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Rush Street Interactive Inc (NYSE: RSI) currently have 72.39M outstanding shares and institutions hold larger chunk of about 73.98% of that.

The stock has a current market capitalization of $752.18M and its 3Y-monthly beta is at 1.64. It has posted earnings per share of -$0.09 in the same period. It has Quick Ratio of 1.66 while making debt-to-equity ratio of 0.04. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RSI, volatility over the week remained 8.95% while standing at 5.79% over the month.

Stock’s fiscal year EPS is expected to rise by 186.09% while it is estimated to increase by 159.84% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Needham on May 17, 2024 offering a Buy rating for the stock and assigned a target price range of between $9 and $10 to it. Coverage by Craig Hallum stated Rush Street Interactive Inc (RSI) stock as a Buy in their note to investors on April 19, 2024, suggesting a price target of $8 for the stock. On March 08, 2024, JMP Securities Downgrade their recommendations, while on March 04, 2024, Susquehanna Downgrade their ratings for the stock with a price target of $6. Stock get a Positive rating from Susquehanna on April 06, 2023.

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