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Rush Street Interactive Inc. (RSI) saw downtrend of -4.03% in the recent trading with $12.85 being its most recent. The current price level -51.60% lower than the highest price of $26.55 marked by the stock while trading over the past 52-weeks, whereas it is 35.12% higher than the lowest price of $9.51 the company dropped to over past 52-weeks. The latest news story on RSI appeared in Business Wire under the title “Rush Street Interactive is Shortlisted as Operator of the Year Among Other Best of Categories at the EGR North America Awards for 2021” on Apr-28-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -24.77% below one month high and is +3.33% above of the lowest during that time. Looking into the simple moving average, Rush Street Interactive Inc. (RSI)’s stock stands at a SMA-50 of $15.98 while that of 5-day is reading $13.81.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and RSI’s SMA-200 as of now is $15.34.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 8 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.70 for the stock.
Rush Street Interactive Inc. Earnings – What Happened With RSI
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Rush Street Interactive Inc. (RSI) last released financial results for the quarter that ended 12/30/2020, posting a surprise factor of 96.90% for net revenue.
RSI – Rush Street Interactive Inc. Stock Earnings Estimates
The perspective of Rush Street Interactive Inc. (NYSE:RSI)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.32 for stock’s EPS in the current quarter. 6 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was -0.01.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 204.79 million. RSI does have institutional investors; and they hold 61.60% of the stock.
Rush Street Interactive Inc. – Insider Activity and Holdings
As on Dec 30, 2020, FMR, LLC was the top most holder in Rush Street Interactive Inc. (NYSE:RSI) with an ownership of 6.29 million shares of the company or 11.94% of the stake worth $136.14 million. The filing also reveals Eagle Asset Management Inc as the second largest holder in the company with a control over 3.98% of the outstanding shares. Its stake is worth $45.38 million for having 2.1 million shares in hand.
Shelter Haven Capital Management, L.P. also came holding a key position in the company during the recent quarter and it now holds 3.74% of the outstanding shares. With this there are now 97 institutions which have possession in RSI’s shares.
Currently, the stock has been recommended as Strong Buy by 8 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.70 for the stock.