At the time of writing, Rush Street Interactive Inc [RSI] stock is trading at $6.26, up 16.14%. An important factor to consider is whether the stock is rising or falling in short-term value. The RSI shares have gain 7.01% over the last week, with a monthly amount glided 13.20%, and seem to be holding up well over a long-time horizon.
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On 6, March 2024, Rush Street Interactive Announces Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, – Fourth Quarter Revenue of $194 Million, up 17% Year-over-Year — Full Year 2023 Revenue of $691 Million, up 17% — Fourth Quarter and Full Year Net Loss of $5.5 Million and $60.1 Million, respectively — Fourth Quarter and Full Year Adjusted EBITDA of $11.5 Million and $8.2 Million, respectively — Strong Fourth Quarter 2023 Momentum Reflected in Full Year 2024 Revenue Guidance of Between $770 and $830 Million — Initiating Full Year 2024 Adjusted EBITDA Guidance of Between $35 and $45 Million -.
From an analyst’s perspective:
Rush Street Interactive Inc [NYSE: RSI] stock has seen the most recent analyst activity on March 04, 2024, when Susquehanna downgraded its rating to a Neutral and also boosted its price target to $6 from $5. Previously, Susquehanna upgraded its rating to Positive on April 06, 2023, and dropped its price target to $4.25. On July 20, 2022, Susquehanna initiated with a Neutral rating and assigned a price target of $6 on the stock. JMP Securities started tracking the stock assigning a Mkt Outperform rating and suggested a price target of $12 on June 28, 2022. Wells Fargo upgraded its rating to a Overweight but $10 remained the price target by the analyst firm on April 27, 2022. Craig Hallum downgraded its rating to Hold for this stock on March 03, 2022, but kept the price target unchanged to $10. In a note dated October 12, 2021, ROTH Capital initiated an Buy rating and provided a target price of $24 on this stock.
For the past year, the stock price of Rush Street Interactive Inc fluctuated between $2.77 and $6.01. 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 $6.26 at the most recent close of the market. An investor can expect a potential return of 80.99% based on the average RSI price forecast.
Analyzing the RSI fundamentals
According to Rush Street Interactive Inc [NYSE:RSI], the company’s sales were 691.16M for trailing twelve months, which represents an 17.11% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
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 5.72 points at the first support level, and at 5.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.06, and for the 2nd resistance point, it is at 7.85.
Rush Street Interactive Inc [RSI] reported earnings per share of $0.01 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.03/share, meaning a difference of $0.04 and a surprise factor of 133.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.03 per share as compared to estimates of -$0.06 per share, a difference of $0.03 representing a surprise of 50.00%.
Ratios To Look Out For
It is important to note that Rush Street Interactive Inc [NYSE:RSI] has a current ratio of 1.62. On the other hand, the Quick Ratio is 1.62, and the Cash Ratio is 1.24. Considering the valuation of this stock, the price to sales ratio is 0.65, the price to book ratio is 8.61.
Transactions by insiders
Recent insider trading involved Sauers Kyle, Chief Financial Officer, that happened on Oct 24 ’23 when 15410.0 shares were sold. Chief Executive Officer, SCHWARTZ RICHARD TODD completed a deal on Sep 28 ’23 to sell 57992.0 shares. Meanwhile, Chief Financial Officer Sauers Kyle sold 23199.0 shares on Sep 28 ’23.
