While Rush Street Interactive Inc has overperformed by 3.05%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RSI rose by 152.20%, with highs and lows ranging from $15.98 to $5.22, whereas the simple moving average jumped by 36.96% 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.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Rush Street Interactive Inc’s future performance, with equity being one of the most critical indicators. 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and RSI is recording an average volume of 1.86M. On a monthly basis, the volatility of the stock is set at 5.08%, whereas on a weekly basis, it is put at 5.16%, with a loss of -0.20% over the past seven days.
How Do You Analyze Rush Street Interactive Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 8.56%. 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 78.86% 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 78.86% at present.
