Rush Street Interactive Inc (NYSE:RSI) shares, rose in value, with the stock price down by -0.29% to the previous day’s close as strong demand from buyers drove the stock to $6.83.
Actively observing the price movement in the last trading, the stock closed the session at $6.85. The value of beta (5-year monthly) was 1.58. Referring to stock’s 52-week performance, its high was $7.31, and the low was $2.77. On the whole, RSI has fluctuated by 29.36% over the past month.
With the market capitalization of Rush Street Interactive Inc currently standing at about $522.77 million, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.02, which is expected to increase to $0.01 for fiscal year $0.02 and then to about $0.23 by fiscal year 2025. Data indicates that the EPS growth is expected to be 114.30% in 2025, while the next year’s EPS growth is forecast to be 1,050.00%.
Analysts have estimated the company’s revenue for the quarter at $196.88 million, with a low estimate of $188.11 million and a high estimate of $214.08 million. According to the average forecast, sales growth in current quarter could jump up 21.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $798.02 million, representing an increase of 15.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that RSI’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of RSI currently trading nearly 10.42% and 17.60% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 68.58, while the 7-day volatility ratio is showing 4.67% which for the 30-day chart, stands at 6.31%. Furthermore, Rush Street Interactive Inc (RSI)’s beta value is 1.58, and its average true range (ATR) is 0.35.
A comparison of Rush Street Interactive Inc (RSI) with its peers suggests the former has fared considerably weaker in the market. RSI showed an intraday change of -0.29% in last session, and over the past year, it grew by 118.91%%.
Data on historical trading for Rush Street Interactive Inc (NYSE:RSI) indicates that the trading volumes over the past 10 days have averaged 1.9 million and over the past 3 months, they’ve averaged 1.25 million. According to company’s latest data on outstanding shares, there are 72.39 million shares outstanding.
Nearly 10.11% of Rush Street Interactive Inc’s shares belong to company insiders and institutional investors own 72.16% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.19 million shares as on Mar 15, 2024, resulting in a short ratio of 1.7. According to the data, the short interest in Rush Street Interactive Inc (RSI) stood at 2.86% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 2.66 million. The stock has risen by 52.12% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RSI stock heading into the next quarter.
