In recent trading session, Rush Street Interactive Inc (NYSE:RSI) saw 1.51 million shares changing hands at last check today with its beta currently measuring 1.59. Company’s recent per share price level of $6.67 trading at $0.28 or 4.44% at last check today assigns it a market valuation of $510.83M. That most recent trading price of RSI’s stock is at a discount of -9.6% from its 52-week high price of $7.31 and is indicating a premium of 58.47% 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 1.58 million shares which gives us an average trading volume of 1.17 million if we extend that period to 3-months.
Rush Street Interactive Inc (NYSE:RSI) trade information
Upright in the green today for gaining 4.44%, in the last five days RSI remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $6.67 price level, adding 4.71% to its value on the day. Rush Street Interactive Inc’s shares saw a change of 48.64% in year-to-date performance and have moved 15.27% in past 5-day. Rush Street Interactive Inc (NYSE:RSI) showed a performance of 21.35% in past 30-days. Number of shares sold short was 2.69 million shares which calculate 3.82 days to cover the short interests.
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 41.40% of value to its shares in past 6 months, showing an annual growth rate of 42.86% while that of industry is 11.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 75.00% in the current quarter and calculating 50.00% increase in the next quarter. This year revenue growth is estimated to rise 15.50% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $196.88 million for the same. And 9 analysts are in estimates of company making revenue of $190.2 million in the next quarter that will end on Jun 2024. Company posted $162.36 million and $157.63 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 21.30% while estimating it to be 20.70% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 23.52% during past 5 years.
RSI Dividends
Rush Street Interactive Inc is more likely to be releasing its next quarterly report between May 01 and May 06 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 8.21% of company’s total shares while institution are holding 72.27 percent of that, with stock having share float percentage of 78.73%. Investors also watch the number of corporate investors in a company very closely, which is 72.27% 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 7.0 million shares of worth $47.45 million. And as of Dec 30, 2023, it was holding 9.15% 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 Dec 30, 2023. The number of shares represents firm’s hold over 7.49% of outstanding shares, having a total worth of $38.88 million.
On the other hand, iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jan 30, 2024, the former fund manager was holding 1.59 million shares of worth $10.77 million or 2.08% of the total outstanding shares. The later fund manager was in possession of 1.59 million shares on Dec 30, 2023, making its stake of worth around $10.76 million in the company or a holder of 2.07% of company’s stock.
