What Are The Chances Of Rush Street Interactive Inc (NYSE: RSI) Becoming A Clear Buy?

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Rush Street Interactive to Participate at the Needham Growth Conference.

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Stocks Info

As a NYSE listed company, RSI falls under the Consumer Cyclical sector while operating within the Gambling industry segment. At the end of the last regular session, the stock closed at $5.40 and fluctuated between $5.46 as its day high and $5.30 as its day low. The current market capitalization of Rush Street Interactive Inc is $386.75M. A total of 0.81 million shares were traded on the day, compared to an average of 816.53K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. 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 11 BUYs and 16 SELLs from insiders. Insiders purchased 1,180,689 shares during that period but sold 489,179.

In the most recent transaction, Sauers Kyle sold 15,410 shares of RSI for 3.82 per share on Oct 24. After the transaction, the Chief Financial Officer now owns 434,556 company shares. In a previous transaction on Sep 28, SCHWARTZ RICHARD TODD sold 57,992 shares at 4.56 per share. RSI shares that Chief Executive Officer owns now total 1,990,666.

Among the insiders who sold shares, Sauers Kyle disposed of 23,199 shares on Sep 28 at a per-share price of $4.56. This resulted in the Chief Financial Officer holding 449,966 shares of RSI after the transaction. In another insider transaction, STETZ MATTIAS sold 6,527 shares at $4.56 per share on Sep 28. Company shares held by the Chief Operating Officer now total 637,484.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, RSI has a high of $5.52 and a low of $2.77.

As of this writing, RSI has an earnings estimate of $Ring Energy, Inc. per share for the current quarter. EPS was calculated based on a consensus of Invesco S&P 500 Equal Weight ET estimates, with a high estimate of $RiskOn International, Inc. per share and a lower estimate of $Motorola Solutions, Inc.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $0.73, while its Total Shareholder’s Equity was $307.70M.

Analysts Opinion

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. 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 4.44.

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