$RSI – Has it fully priced in the +297% EPS/+37% sales growth and the +999% EPS beat?

jfsrevg
2024-12-15

$Rush Street Interactive, Inc.(RSI)$ – Has it fully priced in the +297% EPS/+37% sales growth and the +999% EPS beat?

The latest earnings report on 30th Oct showed YoY qtr growth of +267% EPS (+999% beat) and +37% sales growth (+12% beat), yet it failed to trigger any gap in price action.

However, RSI rallied +32% in just two weeks during late November. Currently, the price has pulled back to a rising 10/20-MA pinch, sits 3x ATR% from the 50-MA, and has been forming a higher low in a consolidated pattern over the past week. This is a one-month bullish flag pattern.

RSI market cap currently stands at $3B with an 82M share float, trading at 5% ADR with RS 98 and an average daily dollar volume of $30M. Additionally, $Consumer Discretionary Select Sector SPDR Fund(XLY)$ remains the strongest 1-month RS sector.

All of this solidly earns RSI a spot on my focus list.

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Comments

  • Ag1718
    2024-12-16
    Ag1718
    👍🏻
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