Rush Street Interactive Inc. (NYSE:RSI) saw a downside of -0.50% to close Friday at $4.02 after subtracting -$0.02 on the day. The 5-day average trading volume is 1,366,480 shares of the company’s common stock. It has gained $4.73 in the past week and touched a new high 3 times within the past 5 days. An average of 931,520 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 688,326.
RSI’s 1-month performance is 14.20% or $0.45 on its low of $3.33 reached on 07/24/23. The company’s shares have touched a 52-week low of $2.77 and high of $5.94, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, RSI has achieved 11.98% or $0.43 and has reached a new high 11 times. However, the current price is down -32.32% from the 52-week high price.
Insider Transactions
RSI stock investors last saw insider trading activity on Apr 11.SCHWARTZ RICHARD TODD (Chief Executive Officer) most recently sold 3,285 shares at $3.08 per share on Apr 11. This transaction cost the insider $10,127. Executive Chairman, BLUHM NEIL, sold 1,084 shares at a price of $3.08 on Apr 11. Then, on Apr 04, Chief Executive Officer SCHWARTZ RICHARD TODD sold 24,955 shares at a price of $3.03 per share. This transaction amounted to $75,669.
Valuation Metrics
RSI stock has a beta of 1.50. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.40 while the price-to-book (PB) in the most recent quarter is 5.36.
Rush Street Interactive Inc.’s quick ratio for the period ended June 29 was 1.80, with the current ratio over the same period at 1.80. In terms of profitability, the gross margin trailing 12 months is 33.40%. The trailing 12-month EBITDA margin is -18.55% while for the period ending June 29, Rush Street Interactive Inc.’s operating margin was -13.30%. The firm’s gross profit as reported stood at $177.55 million against revenue of $592.21 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -62.06% to -$5.14 million, while revenue of -$7.26 million was -41.25% off the previous quarter. Analysts expected RSI to announce -$0.1 per share in earnings in its latest quarter, but it posted -$0.04, representing a 60.00% surprise. EBITDA for the quarter stood at more than $173.05 million. RSI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 128.24 million, with total debt at $2.62 million. Shareholders hold equity totaling $222.01 million.
Let’s look briefly at Rush Street Interactive Inc. (RSI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 48.03% to suggest the stock is trending Neutral, with historical volatility in this time period at 71.65%.
The stock’s 5-day moving average is $4.28, reflecting a -4.74% or -$0.20 change from its current price. RSI is currently trading +19.64% above its 20-day SMA, +28.43% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +29.26% and SMA200 by-3.13%.
Stochastic %K and %D was 43.27% and 60.60% and the average true range (ATR) pointed at 0.32. The RSI (14) points at 52.29%, while the 14-day stochastic is at 33.33% with the period’s ATR at 0.29. The stock’s 9-day MACD Oscillator is pointing at -0.11 and -0.06 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Rush Street Interactive Inc. (NYSE: RSI), Susquehanna upgraded it to a Positive rating. They previously had a Neutral rating on the stock. Analysts offering their rating for RSI stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate RSI as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 8 have offered a “buy” rating.
What is RSI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.50 and a high of $13.00, with their median price target at $6.00. Looking at these predictions, the average price target given by analysts is for Rush Street Interactive Inc. (RSI) stock is $6.67.
