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How to Buy Rush Street Interactive Stock

Rush Street Interactive Inc

Rush Street Interactive is a gambling company located in Illinois, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker RSI on the NYSE exchange.

Rush Street Interactive stock last closed at $3.18, down 0.63% from the previous day, and has decreased 45.17% in one year. It has underperformed other stocks in the Gambling industry by 0.47 percentage points. Rush Street Interactive stock is currently +14.8% from its 52-week low of $2.77, and -51.23% from its 52-week high of $6.52.

As of Jun 6, 2023, there are 221.79M RSI shares outstanding. The market cap of RSI is $705.29M. In the past 24 hours, 627,596 RSI shares were traded.

How to Buy Rush Street Interactive Stock

Wondering how to invest in Rush Street Interactive stock? Here's how.
  1. Choose where to buy Rush Street Interactive stock: You need to pick an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you determine where to buy Rush Street Interactive stock.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Fund your investment account: Select your payment method and add your details.
  4. Evaluate Rush Street Interactive stock: The Rush Street Interactive ticker symbol is RSI. Is Rush Street Interactive stock a good investment? Should you buy shares of RSI? How do RSI's underlying business fundamentals look? Do top analysts think Rush Street Interactive is a good buy? Why has RSI's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if RSI is a good stock to buy).
  5. Place your RSI trade: Decide if you will purchase RSI shares at the current market price or use a limit order to buy RSI stock at a given price.
  6. Keep tabs on your RSI investment: Create a watchlist to important notifications about your position in Rush Street Interactive stock.

Step 1: Choose where to buy Rush Street Interactive stock

You will need an online brokerage account to access the NYSE market and buy RSI stock.

A brokerage account is an investment account that allows you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for a brokerage account

Now that you've picked the right brokerage, you'll need to fill out some personal details so you are able to buy RSI today.

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  2. Enter your personal details to create a new trading account.
  1. Submit your information by pressing the "Create Account" button.
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Step 3: Fund your investment account

Now that you've finished signing up on the best stock investing app, your next step is to transfer the money for your investment:

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Step 4: Evaluate Rush Street Interactive stock

After you have identified the best place to buy Rush Street Interactive stock, it's important to research their stock before you invest, so you truly wrap your head around the risk and upside.

Rush Street Interactive quick stats

RSI Price
$3.18
1w %
9.66%
1y %
-45.17%
5y %
N/A
P/E
-6.63x
P/B
13.37x
P/S
0.33x
PEG
N/A
Revenue
$619.64M
Earnings
-$31.19M
Fore. Rev. Growth
18.12%
Fore. Earn. Growth
N/A
Market Cap
$705.29M
Next Earnings
Aug 2, 2023
Next Dividend
N/A

RSI Overview

WallStreetZen was created to help everyday investors do better fundamental analysis quickly.

You can view all of the due diligence checks on RSI's stock page.

Is RSI stock overvalued?

You can use many financial metrics, analyses, models, and charts to gauge RSI's true value.

Using relative valuations metrics:

  • RSI could be overvalued based on its P/B ratio of 13.37x, relative to Gambling industry P/B ratio of 8.95x

You can do more valuation research on RSI's stock here.

Is RSI a healthy company?

Pros:

  • There are more short-term assets than short-term liabilities on the RSI balance sheet.
  • There are more short-term assets than long-term liabilities on the RSI balance sheet.
  • RSI has $175.60M in cash and short term investments. This is sufficient to cover its annual cash burn of $72.46M.
  • RSI has cash burn of 72460000. It has enough cash and short-term investments to cover this for at least one year.
  • RSI profit margin has gone up from -6.7% to -5% in the past year.

Cons:

  • RSI has a relatively high debt to equity ratio of 2.75.

Is it a good time to buy RSI stock, according to analysts?

Out of 5 Wall Street analysts who give forecasts on RSI, the consensus analyst rating on Rush Street Interactive is a Strong Buy

It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.

Latest RSI Analyst Ratings

Jordan Bender, a top 15% analyst from JMP Securities maintains RSI with a buy rating and lowers their RSI price target from $8.00 to $7.00, on Jun 5, 2023.

Bernie McTernan, a bottom 1% analyst from Needham reiterates RSI with a buy rating and maintains their RSI price target from $6.00 to $6.00, on May 17, 2023.

Joseph Stauff, a top 3% analyst from Susquehanna upgrades RSI to a strong buy rating and lowers their RSI price target from $7.00 to $4.25, on Apr 6, 2023.

Mike Hickey, a bottom 10% analyst from Benchmark maintains RSI with a strong buy rating and lowers their RSI price target from $9.00 to $6.00, on Mar 7, 2023.

Daniel Politzer, a top 22% analyst from Wells Fargo maintains RSI with a strong buy rating and lowers their RSI price target from $8.00 to $6.00, on Mar 2, 2023.

You can dive deeper into what analysts are projecting on the Rush Street Interactive stock forecast page.

RSI Momentum

SMA10
3.07
SMA20
3.09
SMA50
3.09
SMA100
3.5
SMA200
3.78
MACD
0
MACD Signal
-0.02
MACD Histogram
0.02
RSI
53.22
Stochastic %K
70
Stochastic %D
58.74
StochRSI %K
93.51
StochRSI %D
77.41

Is RSI Growing Revenue?

Last year, RSI revenue was $619.64M. Over the past 2 year, RSI's revenue has increased by 32.09% per year. This was slower than the Gambling industry average of 85.17%.

Dive into RSI's earnings and revenue performance here.

Latest Insiders Trades at RSI

In the last year, executives and large shareholders at RSI have sold more shares than they have bought.

Neil Bluhm, Executive Chairman of RSI, was the latest RSI insider to sell. They sold $3,341.97 worth of RSI shares on Apr 11, 2023.

Learn more about who owns RSI stock here.

Can I rely on RSI as an income stream?

No, Rush Street Interactive doesn't provide an income stream by paying out dividends.

Get analysis from other investors

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Step 5: Place your RSI trade

There are two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are mostly the best for newer investors.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at an exact price limit, place a limit order.

Click the Open Trade button and eToro will place your order.

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Step 6: Keep tabs on your RSI investment

Now that you own some RSI stock, you'll want to keep up with your company.

Add RSI to a watchlist to track the latest developments regarding your RSI stock.

RSI Feed

How to Buy Stock in Rush Street Interactive

To reiterate, here are the 6 steps you need to take to buy Rush Street Interactive stock right now:

  1. Choose where to buy Rush Street Interactive stock
  2. Sign up for a brokerage account
  3. Fund your investment account
  4. Evaluate Rush Street Interactive stock
  5. Place your RSI trade
  6. Keep tabs on your RSI investment

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If you want to get updates on your investment in Rush Street Interactive, create a watchlist today.

NYSE: RSI
$3.18-0.02 (-0.63%)
Updated Jun 6, 2023
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NYSE: RSI
$3.18-0.02 (-0.63%)
Updated Jun 6, 2023
Open eToro Account

FAQ

How much does it cost to buy one Rush Street Interactive share?

As of Jun 6, 2023, it costs $3.18 to buy one share of Rush Street Interactive stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $1, you can buy 0.314 shares of RSI.

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Is now a good time to buy Rush Street Interactive stock?

According to 5 Wall Street analysts who monitor Rush Street Interactive, their consensus recommendation is to buy Rush Street Interactive stock.

What is the best way to buy Rush Street Interactive stock?

One way to place an order for Rush Street Interactive stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.