Rush Street Interactive Inc [NYSE: RSI] jumped around 1.27 points on Thursday, while shares priced at $13.48 at the close of the session, up 10.40%.
Compared to the average trading volume of 1.92M shares, RSI reached a trading volume of 3335089 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus 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 $14.38 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 0.66, with the Price to Sales ratio for RSI stock in the period of the last 12 months amounting to 3.52. The Price to Book ratio for the last quarter was 16.15, with the Price to Cash per share for the same quarter was set at 1.00. Price to Free Cash Flow for RSI in the course of the last twelve months was 37.87 with Quick ratio for the last quarter at 1.71.
How has RSI stock performed recently?
Rush Street Interactive Inc [RSI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.14. With this latest performance, RSI shares gained by 25.51% in over the last four-week period, additionally plugging by 59.53% over the last 6 months – not to mention a rise of 196.92% 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 73.42, with the RSI for the last a single of trading hit 78.45, and the three-weeks RSI is set at 69.96 for Rush Street Interactive Inc [RSI]. The present Moving Average for the last 50 days of trading for this stock 10.89, while it was recorded at 11.98 for the last single week of trading, and 8.74 for the last 200 days.
Rush Street Interactive Inc [RSI]: Deeper insight into the fundamentals
Rush Street Interactive Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.71 and a Current Ratio set at 1.71.
Earnings analysis for Rush Street Interactive Inc [RSI]
With the latest financial reports released by the company, Rush Street Interactive Inc posted 0.01/share EPS, while the average EPS was predicted by analysts to be reported at -0.04/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.05. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RSI.
Insider trade positions for Rush Street Interactive Inc [RSI]
The top three institutional holders of RSI stocks are: HG VORA CAPITAL MANAGEMENT, LLC with ownership of 7.0 million shares, which is approximately 9.2072%. VANGUARD GROUP INC, holding 6.74 million shares of the stock with an approximate value of $$64.68 million in RSI stocks shares; and VANGUARD GROUP INC, currently with $$54.73 million in RSI stock with ownership which is approximately 7.5064%.
