While Rush Street Interactive Inc has underperformed by -2.92%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RSI rose by 231.79%, with highs and lows ranging from $14.81 to $3.56, whereas the simple moving average jumped by 57.64% in the last 200 days.
On May 17, 2024, Needham Reiterated Rush Street Interactive Inc (NYSE: RSI) to Buy. A report published by Craig Hallum on April 19, 2024, Upgraded its rating to ‘Buy’ for RSI. Susquehanna March 04, 2024d the rating to Neutral on March 04, 2024, and set its price target from $5 to $6. Susquehanna April 06, 2023d its ‘Neutral’ rating to ‘Positive’ for RSI, as published in its report on April 06, 2023. Susquehanna’s report from July 20, 2022 suggests a price prediction of $6 for RSI shares, giving the stock a ‘Neutral’ rating. JMP Securities also rated the stock as ‘Mkt Outperform’.
Analysis of Rush Street Interactive Inc (RSI)
Further, the quarter-over-quarter increase in sales is 36.63%, showing a positive trend in the upcoming months.
Rush Street Interactive Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -2.25% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.71, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and RSI has an average volume of 2.00M. On a monthly basis, the volatility of the stock is set at 5.78%, whereas on a weekly basis, it is put at 3.67%, with a loss of -1.45% over the past seven days. Furthermore, long-term investors anticipate a median target price of $14.38, showing growth from the present price of $14.30, which can serve as yet another indication of whether RSI is worth investing in or should be passed over.
How Do You Analyze Rush Street Interactive Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 8.04%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 74.91% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
RSI shares are owned by institutional investors to the tune of 74.91% at present.
