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Friday, September 29, 2023

Are Things Looking Up For Rush Street Interactive Inc. (NYSE: RSI)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Rush Street Interactive Inc. (RSI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.20, or 4.13%, to $5.04. The Rush Street Interactive Inc. has recorded 25,556 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Rush Street Interactive Selected by Delaware Lottery as Its Vendor for Online Gaming Operations.

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Stocks Info

The company is listed on the NYSE and operates within the Gambling industry segment. At the end of the last regular session, the stock closed at $4.84 and fluctuated between $4.8700 as its day high and $4.4900 as its day low. The current market capitalization of Rush Street Interactive Inc. is $1.07B. A total of 1.08 million shares were traded on the day, compared to an average of 653.91K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, RSI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 24 BUYs and 18 SELLs from insiders. Insiders purchased 4,685,832 shares during that period but sold 639,141.

In the most recent transaction, SCHWARTZ RICHARD TODD sold 3,285 shares of RSI for 3.08 per share on Apr 11. After the transaction, the Chief Executive Officer now owns 1,653,168 company shares. In a previous transaction on Apr 11, BLUHM NEIL sold 1,084 shares at 3.08 per share. RSI shares that Executive Chairman owns now total 76,566.

Among the insiders who sold shares, SCHWARTZ RICHARD TODD disposed of 24,955 shares on Apr 04 at a per-share price of $3.03. This resulted in the Chief Executive Officer holding 2,128,607 shares of RSI after the transaction. In another insider transaction, STETZ MATTIAS sold 21,640 shares at $3.03 per share on Apr 04. Company shares held by the Chief Operating Officer now total 644,011.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for RSI in the last 3 months, the mean price target is $6.67 with high estimates of $13.00 and low estimates of $4.50. In terms of 52-week highs and lows, RSI has a high of $5.49 and a low of $2.77.

As of this writing, RSI has an earnings estimate of -$0.06 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.03 per share and a lower estimate of -$0.16. The company reported an EPS of -$0.08 in the last quarter, which was 46.70% higher than expectations of -$0.15.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. RSI’s latest balance sheet shows that the firm has $281.03M in Cash & Short Term Investments as of fiscal 2021. There were $1.66M in debt and $83.93M in liabilities at the time. Its Book Value Per Share was $0.75, while its Total Shareholder’s Equity was $307.70M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RSI is Buy with a score of 4.80.

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