In yesterday’s Wall Street session, Rush Street Interactive Inc (NYSE:RSI) shares traded at $10.82, up 0.56% from the previous session.
RSI stock price is now 5.55% away from the 50-day moving average and 30.72% away from the 200-day moving average. The market capitalization of the company currently stands at $2.44B.
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With the price target enhanced from $9 to $10, Needham maintained Buy rating for Rush Street Interactive Inc (NYSE: RSI). On April 19, 2024, Craig Hallum Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $7 to quote $8, while ‘JMP Securities’ rates the stock as ‘Mkt Perform’
In other news, ROOSILEHT EINAR, Chief Information Officer sold 150,000 shares of the company’s stock on Aug 27 ’24. The stock was sold for $1,362,900 at an average price of $9.09. Upon completion of the transaction, the Chief Information Officer now directly owns 809,260 shares in the company, valued at $8.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 27 ’24, Officer ROOSILEHT EINAR bought 150,000 shares of the business’s stock. A total of $1,362,905 was incurred on buying the stock at an average price of $9.09. A total of 9.87% of the company’s stock is owned by insiders.
During the past 12 months, Rush Street Interactive Inc has had a low of $3.46 and a high of $11.59. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 1.66, and a quick ratio of 1.66. The fifty day moving average price for RSI is $10.2508 and a two-hundred day moving average price translates $8.2771 for the stock.
The latest earnings results from Rush Street Interactive Inc (NYSE: RSI) was released for 2021-08-12. The net profit margin was -0.84% and return on equity was -11.82% for RSI. The company reported revenue of $220.38 million for the quarter, compared to $165.06 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 33.51 percent.
