Predicting Future Price Moves In Rush Street Interactive Inc (RSI)

Rush Street Interactive Inc (NYSE:RSI) does about 1.79M shares in volume on a normal day but saw 1245177 shares change hands in Friday’s trading. The company now has a market cap of 709.15M USD. Its current market price is $8.90, marking a decrease of -1.11% compared to the previous close of $9.00. The 52 week high reached by this stock is $9.24 whilst the lowest price level in 52 weeks is $2.90.

Rush Street Interactive Inc (RSI) has a 20-day trading average at $8.74 and the current price is -3.68% off the 52-week high compared with 206.98% distance from its 52-week low. The 50-day simple moving average of the closing price is $7.60 and its 200-day simple moving average is $5.46. If we look at the stock’s price movements over the week, volatility stands at 3.52%, which decreases to 3.43% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 63.34 to suggest the stock is neutral.

The consensus objective for the share price is $10.03, suggesting that the stock has a potential upside of 11.27% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 17, 2024 when Needham reiterated the stock to “Buy” and issued a price target of between $9 and $10. Craig Hallum upgraded the stock to “Buy” from Hold on April 19, 2024 at a price target of $7-$8.

Rush Street Interactive Inc (RSI) stock is down -0.56% over the week and 6.71% over the past month. Its price is 98.22% year-to-date and 186.17% over the past year.

To reach the target analysts have set, the stock logically needs to grow 11.27 percent from here.

The company has a return on investment of -19.16% and return on equity of -20.73%. The forward price to earnings ratio is 28.68. The beta has a value of 1.67. Price to book ratio is 11.64 and price to sales ratio is 0.95.