Rush Street Interactive Inc [RSI] Stock trading around $9.44 per share: What’s Next?

Rush Street Interactive Inc [NYSE: RSI] plunged by -$0.14 during the normal trading session on while it closed the day at $9.44.

Rush Street Interactive Inc stock has also loss -12.35% of its value over the past 7 days. However, RSI stock has inclined by 13.19% in the 3 months of the year. Over the past six months meanwhile, it has gained 70.09% and gained 110.24% year-on date.

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The market cap for RSI stock reached $752.18 million, with 72.39 million shares outstanding and 71.11 million shares in the current float. Compared to the average trading volume of 1.95M shares, RSI reached a trading volume of 2817548 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Rush Street Interactive Inc [RSI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RSI shares is $13.03 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RSI stock is a recommendation set at 1.44. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Needham have made an estimate for Rush Street Interactive Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 17, 2024. While these analysts kept the previous recommendation, Craig Hallum raised their target price from $7 to $8. The new note on the price target was released on April 19, 2024, representing the official price target for Rush Street Interactive Inc stock. On March 04, 2024, analysts increased their price target for RSI shares from 5 to 6.

The Average True Range (ATR) for Rush Street Interactive Inc is set at 0.63, with the Price to Sales ratio for RSI stock in the period of the last 12 months amounting to 0.94. The Price to Book ratio for the last quarter was 11.98, with the Price to Cash per share for the same quarter was set at 2.55. Price to Free Cash Flow for RSI in the course of the last twelve months was 9.27 with Quick ratio for the last quarter at 1.66.

RSI stock trade performance evaluation

Rush Street Interactive Inc [RSI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.35. With this latest performance, RSI shares gained by 9.13% in over the last four-week period, additionally plugging by 70.09% over the last 6 months – not to mention a rise of 120.56% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RSI stock in for the last two-week period is set at 46.32, with the RSI for the last a single of trading hit 42.18, and the three-weeks RSI is set at 49.10 for Rush Street Interactive Inc [RSI]. The present Moving Average for the last 50 days of trading for this stock 9.45, while it was recorded at 9.68 for the last single week of trading, and 6.52 for the last 200 days.

Rush Street Interactive Inc [RSI]: An insightful look at the core fundamentals

Rush Street Interactive Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.66 and a Current Ratio set at 1.66.

Rush Street Interactive Inc [RSI]: Institutional Ownership

The top three institutional holders of RSI stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in RSI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in RSI stock with ownership which is approximately 5.1238%.

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