Is Rush Street Interactive Inc’s 19.13% Rise This Year Is A Better Investing Opportunity?

In last trading session, Rush Street Interactive Inc (NYSE:RSI) saw 0.41 million shares changing hands with its beta currently measuring 1.63. Company’s recent per share price level of $4.67 trading at $0.06 or 1.30% at ring of the bell on the day assigns it a market valuation of $334.47M. That closing price of RSI’s stock is at a discount of -17.34% from its 52-week high price of $5.48 and is indicating a premium of 40.69% from its 52-week low price of $2.77. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.96 million shares which gives us an average trading volume of 793.25K if we extend that period to 3-months.

For Rush Street Interactive Inc (RSI), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.25. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $Ring Energy, Inc. in the current quarter.

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Rush Street Interactive Inc (NYSE:RSI) trade information

Upright in the green during last session for gaining 1.30%, in the last five days RSI remained trading in the green while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $4.67 price level, adding 6.22% to its value on the day. Rush Street Interactive Inc’s shares saw a change of 30.08% in year-to-date performance and have moved 7.60% in past 5-day. Rush Street Interactive Inc (NYSE:RSI) showed a performance of 26.56% in past 30-days. Number of shares sold short was 1.95 million shares which calculate 2.53 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $6.75 to the stock, which implies a rise of 30.81% to its current value. Analysts have been projecting $4.50 as a low price target for the stock while placing it at a high target of $11.00. It follows that stock’s current price would drop -135.55% in reaching the projected high whereas dropping to the targeted low would mean a gain of 3.64% for stock’s current value.

Rush Street Interactive Inc (RSI) estimates and forecasts

Statistics highlight that Rush Street Interactive Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 50.16% of value to its shares in past 6 months, showing an annual growth rate of 67.92% while that of industry is 16.50. Apart from that, the company came raising its revenue forecast for fiscal year 2023.

RSI Dividends

Rush Street Interactive Inc is more likely to be releasing its next quarterly report on November 01 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Rush Street Interactive Inc (NYSE:RSI)’s Major holders

Insiders are in possession of 8.50% of company’s total shares while institution are holding 68.79 percent of that, with stock having share float percentage of 75.18%. Investors also watch the number of corporate investors in a company very closely, which is 68.79% institutions for Rush Street Interactive Inc that are currently holding shares of the company. HG Vora Capital Management, LLC is the top institutional holder at RSI for having 6.0 million shares of worth $18.72 million. And as of Jun 29, 2023, it was holding 8.68% of the company’s outstanding shares.

The second largest institutional holder is Canyon Capital Advisors LLC, which was holding about 5.74 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 8.30% of outstanding shares, having a total worth of $17.89 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 1.57 million shares of worth $4.91 million or 2.28% of the total outstanding shares. The later fund manager was in possession of 1.56 million shares on Jun 29, 2023, making its stake of worth around $4.88 million in the company or a holder of 2.26% of company’s stock.

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