This is why Rush Street Interactive Inc. (RSI) Stock is one of the options for the Longer run

Rush Street Interactive Inc. [RSI] stock prices are up 1.32% to $4.61 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The RSI shares have gain 11.08% over the last week, with a monthly amount glided 25.61%, and seem to be holding up well over a long-time horizon.

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On 27, January 2023, POPULARITY FOR SQUARES SOARS AT BETRIVERS & PLAYSUGARHOUSE. In a post published today on Yahoo Finance, Rush Street Interactive Celebrates 11 Top Prize Winners of $10,000 Since Launching Squares Last Month.

From an analyst’s perspective:

Rush Street Interactive Inc. [NYSE: RSI] stock has seen the most recent analyst activity on July 20, 2022, when Susquehanna initiated its Neutral rating and assigned the stock a price target of $6. Previously, JMP Securities started tracking the stock with Mkt Outperform rating on June 28, 2022, and set its price target to $12. On April 27, 2022, upgrade upgraded it’s rating to Overweight but maintained its price target of $10 on the stock. Craig Hallum downgraded its rating to a Hold but stick to its price target of $10 on March 03, 2022. ROTH Capital initiated its recommendation with a Buy and recommended $24 as its price target on October 12, 2021. Wells Fargo started tracking with a Equal Weight rating for this stock on September 15, 2021, and assigned it a price target of $15. In a note dated August 02, 2021, Macquarie initiated an Outperform rating and iterated a target price of $21 on this stock.

The stock price of Rush Street Interactive Inc. [RSI] has been fluctuating between $2.89 and $11.55 over the past year. Currently, Wall Street analysts expect the stock to reach $8.44 within the next 12 months. Rush Street Interactive Inc. [NYSE: RSI] shares were valued at $4.61 at the most recent close of the market. An investor can expect a potential return of 83.08% based on the average RSI price forecast.

Analyzing the RSI fundamentals

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.47 points at the first support level, and at 4.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.78, and for the 2nd resistance point, it is at 4.94.

Rush Street Interactive Inc. [RSI] reported earnings per share of -$0.11 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.14/share, meaning a difference of $0.03 and a surprise factor of 21.40%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were -$0.22 per share as compared to estimates of -$0.18 per share, a difference of -$0.04 representing a surprise of -22.20%.

Ratios To Look Out For

It’s worth pointing out that Rush Street Interactive Inc. [NYSE:RSI]’s Current Ratio is 2.40.

Transactions by insiders

Recent insider trading involved CARLIN GREGORY A, 10% Owner, that happened on Nov 16 when 23096.0 shares were sold. 10% Owner, CARLIN GREGORY A completed a deal on Nov 15 to sell 58121.0 shares. Meanwhile, 10% Owner CARLIN GREGORY A sold 16343.0 shares on Nov 14.