At the time of writing, Rush Street Interactive Inc [RSI] stock is trading at $6.12, up 4.79%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RSI shares have gain 3.20% over the last week, with a monthly amount glided 9.29%, and seem to be holding up well over a long-time horizon.
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On 12, March 2024, Inspired Launches Virtual Sports with Rush Street Interactive on BetRivers in NJ. In a post published today on Yahoo Finance, Inspired Entertainment, Inc. (“Inspired” or the “Company”) (NASDAQ: INSE), a leading B2B provider of gaming content, systems, and solutions, is proud to announce the launch of its best-in-class Virtual Sports content in New Jersey through a partnership with Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online sports betting and casino company in the United States.
From an analyst’s perspective:
Rush Street Interactive Inc [NYSE: RSI] stock has seen the most recent analyst activity on March 08, 2024, when JMP Securities downgraded its rating to a Mkt Perform. Previously, Susquehanna downgraded its rating to Neutral on March 04, 2024, and elevated its price target to $6. On April 06, 2023, upgrade upgraded it’s rating to Positive and revised its price target to $4.25 on the stock. Susquehanna started tracking the stock assigning a Neutral rating and suggested a price target of $6 on July 20, 2022. JMP Securities initiated its recommendation with a Mkt Outperform and recommended $12 as its price target on June 28, 2022. Wells Fargo upgraded its rating to Overweight for this stock on April 27, 2022, but kept the price target unchanged to $10. In a note dated March 03, 2022, Craig Hallum downgraded an Hold rating on this stock but restated the target price of $10.
For the past year, the stock price of Rush Street Interactive Inc fluctuated between $2.77 and $7.31. 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 $6.12 at the most recent close of the market. An investor can expect a potential return of 85.13% 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 0.32% with Operating Profit Margin at -0.07%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.68 and Total Capital is -0.29. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
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 5.91 points at the first support level, and at 5.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.22, and for the 2nd resistance point, it is at 6.33.
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 1.66. As well, the Quick Ratio is 1.66, while the Cash Ratio is 1.24. Considering the valuation of this stock, the price to sales ratio is 0.68, the price to book ratio is 8.24.
Transactions by insiders
Recent insider trading involved SCHWARTZ RICHARD TODD, Chief Executive Officer, that happened on Mar 19 ’24 when 38687.0 shares were sold. Chief Legal Officer, WIERBICKI PAUL completed a deal on Mar 19 ’24 to sell 22743.0 shares. Meanwhile, Chief Financial Officer Sauers Kyle sold 21362.0 shares on Mar 19 ’24.
