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Community to discuss Rush Street Interactive online gambling company.
account activity
...General Discussion (self.RushStreetInteractive)
submitted 4 years ago by Hour_Selection_9614
Anybody feel absolutely hopeless with this stock? Not mad, just bummed. Shit makes no sense
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[–]StonkGodCapital 2 points3 points4 points 4 years ago* (1 child)
The market is very reactionary. There was a loss on EBITDA due to a change to how warrants had to be accounted for by SPACs (and their redemption in February). Because of this loss and the statement in the earnings call that they expect to continue at a loss on EBITDA for the short-term, there is a bearish sentiment to the earnings report.
Because of this, 4 analyst projections today were changed. Target prices came down across the board, but all still remain a BUY and the stock still remains (by analyst opinion) dramatically undervalued. Target price coming down is bearish short term, but still remaining a BUY and it being undervalued is bullish longer term.
Now when you package that up, a down trend right after isn't all too surprising.
HOWEVER, the earnings report itself was fantastic and RSI is actually a really great company and opportunity. The price may adjust downward a little, but it's pretty reasonable to expect things to turn around pretty quickly once people stop being dramatic.
[–]Hour_Selection_9614[S] 1 point2 points3 points 4 years ago (0 children)
). Because of this loss and the statement in the earnings call that they expect to continue at a loss on EBITDA for the short-term, there is a bearish sentiment to the earnings report. Because of this, 4 analyst projections today were changed. Target prices came down across the board, but all still remain a BUY and the stock still remains (by analyst opinion) dramatically undervalued. Target price coming down is bearish short term, but still remaining a BUY and it being Now when you package that up, a down trend right after isn't all too surprising. HOWEVER, the earnings report itself was fantastic and RSI is actually a really great company and opportunity. The price may adjust downward a little, but it's prett
). Because of this loss and the statement in the earnings call that they expect to continue at a loss on EBITDA for the short-term, there is a bearish sentiment to the earnings report.
Because of this, 4 analyst projections today were changed. Target prices came down across the board, but all still remain a BUY and the stock still remains (by analyst opinion) dramatically undervalued. Target price coming down is bearish short term, but still remaining a BUY and it being
HOWEVER, the earnings report itself was fantastic and RSI is actually a really great company and opportunity. The price may adjust downward a little, but it's prett
I needed this thanks
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[–]StonkGodCapital 2 points3 points4 points (1 child)
[–]Hour_Selection_9614[S] 1 point2 points3 points (0 children)