During the last session, Rush Street Interactive Inc. (NYSE:RSI)’s traded shares were 1.15 million. At the end of the trading day, the stock’s price was $4.53, reflecting an intraday loss of -0.22% or -$0.01. The 52-week high for the RSI share is $21.83, that puts it down -381.9 from that peak though still a striking 10.38% gain since the share price plummeted to a 52-week low of $4.06. The company’s market capitalization is $923.67M, and the average trade volume was 1.22 million shares over the past three months.
Rush Street Interactive Inc. (RSI) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.00. RSI has a Sell rating from 0 analyst(s) out of 9 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.15.
Rush Street Interactive Inc. (NYSE:RSI) trade information
Rush Street Interactive Inc. (RSI) registered a -0.22% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.22% in intraday trading to $4.53 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is 2.72%, and it has moved by -25.86% in 30 days. Based on these gigs, the overall price performance for the year is -64.64%.
Rush Street Interactive Inc. (RSI) estimates and forecasts
Statistics show that Rush Street Interactive Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Rush Street Interactive Inc. (RSI) shares have gone down -71.35% during the last six months, with a year-to-date growth rate less than the industry average at -13.73% against 9.40. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -150.00% this quarter and then drop -22.20% in the quarter after that. In the rating firms’ projections, revenue will increase 27.70% compared to the previous financial year.
Revenue for the current quarter is expected to be $149.3 million as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to $160.83 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $122.8 million and $122.92 million respectively. In this case, analysts expect current quarter sales to grow by 21.60% and then jump by 30.80% in the coming quarter.
While earnings are projected to return -7.80% in 2022.
Rush Street Interactive Inc. is due to release its next quarterly earnings between March 08 and March 14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Rush Street Interactive Inc. (NYSE:RSI)’s Major holders
Rush Street Interactive Inc. insiders own 12.09% of total outstanding shares while institutional holders control 68.05%, with the float percentage being 77.41%. HG Vora Capital Management, LLC is the largest shareholder of the company, while 178 institutions own stock in it. As of Dec 30, 2021, the company held over 5.75 million shares (or 8.99% of all shares), a total value of $94.88 million in shares.
The next largest institutional holding, with 4.6 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 7.19% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $75.83 million.
Also, the Mutual Funds coming in first place with the largest holdings of Rush Street Interactive Inc. (RSI) shares are Janus Henderson Contrarian Fund and Vanguard Total Stock Market Index Fund. Data provided on Dec 30, 2021 indicates that Janus Henderson Contrarian Fund owns about 4.18 million shares. This amounts to just over 6.53 percent of the company’s overall shares, with a $68.89 million market value. The same data shows that the other fund manager holds slightly less at 1.41 million, or about 2.21% of the stock, which is worth about $23.3 million.