The stock of Rush Street Interactive Inc. (NYSE:RSI) increased by $0.06 on Tuesday to $4.53, up 1.45 percent. The last five days have seen an average of 935,048 shares of common stock traded. 11 times new highs were reached in the current year, with a gain of $0.95. The average number of shares traded over the last 20 days was 800,472, while the average volume over the last 50 days totaled 631,275.
RSI stock appreciated 34.57% since last month. On 07/24/23, the company’s shares reached a one-month low of $3.33. The stock touched a high of $6.52 on 02/02/23, after rallying from a low of $2.77 in 52 weeks. The price of RSI stock has risen by 26.32% or $0.95 this year, reaching a new high 11 times. Still, the stock price is down -30.44% from the 52-week high.
Insider Transactions
RSI stock investors should be aware that Rush Street Interactive Inc. (RSI) stock had its last reported insider trading activity 126 days ago on Apr 11. On Apr 11, Chief Executive Officer SCHWARTZ RICHARD TODD sold 3,285 shares at $3.08 each. This transaction resulted in the insider making $10,127. On Apr 11, BLUHM NEIL sold 1,084 shares at a price of US$3.08. After the transaction, the insider now owns 76,566 shares. Chief Executive Officer SCHWARTZ RICHARD TODD had earlier sold 24,955 shares on Apr 04 for $3.03 a share. The transaction was completed for $75,669.
Valuation Metrics
Beta for the stock is 1.51. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.55, the price-to-book (PB) ratio of 6.05.
Financial Health
For the three months ended June 29, Rush Street Interactive Inc.’s quick ratio was 1.80, while its current ratio was 1.80, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 33.40% percent. Rush Street Interactive Inc.’s EBITDA margin for the year ended June 29 was -18.55%, whereas its operating margin stood at -13.30% for the same period. Based on annual data, it had gross profit of $177.55 million and revenue of $592.21 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RSI’s return on assets (ROA) during the last 12 months has been -8.60%. There was a -238.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -50.40%.
Earnings Surprise
According to Rush Street Interactive Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $165.06 million, while revenues rose by 12.92% to $162.36 million. It was predicted that Rush Street Interactive Inc.’s quarterly earnings would be -$0.04, but it ended up being -$0.1. EBITDA was $173.05 million for the quarter. At the end of Rush Street Interactive Inc.’s most recent quarter ended June 29, its liabilities totaled 128.24 million, while its total debt was $2.62 million. Equity owned by shareholders amounts to $222.01 million.
Technical Picture
Here’s a quick look at Rush Street Interactive Inc.’s (RSI) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 69.78%, suggesting the stock is Neutral, with a 109.15% historical volatility rate.
The stochastic %K and %D were 75.70% and 66.45% respectively, while the average true range (ATR) was 0.30. Based on the 14-day stochastic reading of 84.57%, the RSI (14) reading is 67.46%. On the 9-day MACD Oscillator, the stock is at 0.12, and the 14-day reading is at 0.31.
Analyst Ratings
In its most recent analyst report, Susquehanna raised its rating on Rush Street Interactive Inc. (NYSE: RSI) to a Positive. Prior to this, analysts firm rated the stock as a Neutral.
