Are Analysts Too Bullish On Rush Street Interactive Inc (RSI)

Rush Street Interactive Inc (NYSE:RSI) currently has a daily average trading volume of 1.92M but it saw 1858647 shares traded in last market. With a market cap of 2.76B USD, the company’s current market price of $12.21 came rising about 3.12 while comparing to the previous closing price of $11.84. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.46 and as low as $3.56. In the recent trading on the day, stock has struck highest price mark of $11.715 while lowest mark touched by it was $12.21.

Taking a look at 20-day trading activity of Rush Street Interactive Inc (RSI) gives us an average price of $11.05, while its current price level is -2.01% below from 52-week high level whereas it is 242.98% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $10.82 while that of 200 days or SMA-200 reads an average of $8.70. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.97% during that period while stretching the period over a month that increases to 5.69%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 64.51 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Needham which reiterated the stock as “Buy” in its note to investors issued on May 17, 2024, recommending a price target of between $9 and $10 for it. Craig Hallum upgraded its recommendation for the stock as a “Buy” from “Hold” on April 19, 2024 while assigning a price target range of $7-$8.

Over the week, RSI’s stock price is moving 6.27% up while it is 11.71% when we observe its performance for the past one month. Year-to-date it is 171.94% up and over the past year, the stock is showing an upside performance of 160.90%.

Currently, Rush Street Interactive Inc’s total number of outstanding shares is 88.61M. Company’s return on investment (ROI) stands at -1.62% and return on equity (ROE) at -2.25%. It has a 34.04 of forward P/E ratio. Stock’s beta reads 1.67. Stock has a price to book (P/B) ratio of 14.63 while price to sale or P/S ratio amounts to 3.19. Its return on asset (ROA) is -0.40% on average.