Rush Street Interactive Inc [RSI] stock prices are up 5.03% to $5.85 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RSI shares have gain 6.36% over the last week, with a monthly amount glided 11.85%, and seem to be holding up well over a long-time horizon.
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On 7, February 2024, Rush Street Interactive Announces Fourth Quarter And Year-End 2023 Earnings Release Date. In a post published today on Yahoo Finance, Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”) today announced that it will release its fourth quarter and year-end 2023 results after the market close on Wednesday, March 6, 2024, followed by a conference call at 5:00 pm Eastern Time (4:00 pm Central Time) to discuss the results.
From an analyst’s perspective:
Rush Street Interactive Inc [NYSE: RSI] stock has seen the most recent analyst activity on April 06, 2023, when Susquehanna upgraded its rating to a Positive and also revised its price target to $4.25 from $7. Previously, Susquehanna started tracking the stock with Neutral rating on July 20, 2022, and set its price target to $6. On June 28, 2022, JMP Securities initiated with a Mkt Outperform rating and assigned a price target of $12 on the stock. Wells Fargo upgraded its rating to a Overweight but stick to its price target of $10 on April 27, 2022. Craig Hallum downgraded its rating to a Hold but $10 remained the price target by the analyst firm on March 03, 2022. ROTH Capital started tracking with a Buy rating for this stock on October 12, 2021, and assigned it a price target of $24. In a note dated September 15, 2021, Wells Fargo initiated an Equal Weight rating and provided a target price of $15 on this stock.
The stock price of Rush Street Interactive Inc [RSI] has been fluctuating between $2.77 and $6.01 over the past year. Currently, Wall Street analysts expect the stock to reach $11.33 within the next 12 months. Rush Street Interactive Inc [NYSE: RSI] shares were valued at $5.85 at the most recent close of the market. An investor can expect a potential return of 93.68% based on the average RSI price forecast.
Analyzing the RSI fundamentals
The Rush Street Interactive Inc [NYSE:RSI] reported sales of 662.84M for trailing twelve months, representing a surge of 14.79%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at -0.12%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.21, Equity is -1.23 and Total Capital is -0.43. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.03.
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 5.71 points at the first support level, and at 5.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.95, and for the 2nd resistance point, it is at 6.06.
Rush Street Interactive Inc [RSI] reported earnings per share of -$0.03 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.06/share, meaning a difference of $0.03 and a surprise factor of 50.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.04 per share as compared to estimates of -$0.1 per share, a difference of $0.06 representing a surprise of 60.00%.
Ratios To Look Out For
It’s worth pointing out that Rush Street Interactive Inc [NYSE:RSI]’s Current Ratio is 1.62. Also, the Quick Ratio is 1.62, while the Cash Ratio stands at 1.24. Considering the valuation of this stock, the price to sales ratio is 0.63, the price to book ratio is 8.04.
Transactions by insiders
Recent insider trading involved Sauers Kyle, Chief Financial Officer, that happened on Oct 24 when 15410.0 shares were sold. Chief Executive Officer, SCHWARTZ RICHARD TODD completed a deal on Sep 28 to sell 57992.0 shares. Meanwhile, Chief Financial Officer Sauers Kyle sold 23199.0 shares on Sep 28.
